60pc hike in number of homes given planning permission
Published 16/06/2016 | 02:30
Work has begun on more than 2,000 homes so far this year, an increase of more than 70pc on the same period in 2015.
The National Construction Summit heard there has been an increase in construction activity across all sectors, with planning permission for 3,900 homes granted in the first three months of the year, an increase of more than 60pc.
But Tom Moloney, managing director of Construction Information Services, said that while residential projects worth €360m had been approved in Dublin, there were "continuing issues" in the sector, including funding and a lack of infrastructure.
The summit also heard that the construction industry had a "huge role" in restoring economic growth, but that the State needed to reduce its tax take to make housing viable. Some 36pc of the cost of a new home was made up of Government levies, the Construction Industry Federation said.