Thursday 30 October 2014

Kenny: Construction plan to get building back to 'sensible, sustainable levels'

Published 14/05/2014 | 14:40

Taoiseach Enda Kenny said he did not accept the Government was going down the road of a housing bubble
Taoiseach Enda Kenny said he did not accept the Government was going down the road of a housing bubble

Taoiseach Enda Kenny says the Government's new construction sector plan aimed at getting building back to "sensible, sustainable levels" and get jobs for unemployed workers.

Mr Kenny said the plan focuses on tripling housing output by 2020 and create 60,000 jobs.

The Taoiseach said the Coalition will not allow a repeat of Priory Hall or houses with problems from pyrite.

"Nobody wants to go back to the bad old days of the construction sector and property boom," he said.

Mr Kenny said the Government wanted to see the 100,000 unemployed construction workers getting back to work.

The plan called 'Construction 2020: a strategy for a renewed constructions sector' includes:

* developing a mortgage insurance scheme to give more mortgages to first-time buyers;

* kickstart building in areas of Dublin where there is infrastructure in place;

* allow councils to fasttrack developments on empty sites;

* providing equity for developers from the new strategic investment fund;

* examine the tax code for the construction sector.

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