State to pay up to €2.5bn as 100% redress approved for Celtic Tiger era defective buildings
It is estimated as many as 100,000 apartments and duplexes are affected by problems such as serious fire safety issues
The government has approved a scheme to cover 100 per cent of the cost of repairing buildings with significant defects in a move which is expected to cost the state up to €2.5 billion.
The initiative is mainly aimed at repairing poorly constructed Celtic Tiger era buildings, although it will include remediation work on apartments and duplexes which were built between 1991 and 2013.
It is expected the scheme will cover up to 100,000 buildings ...