The rampant spread of an invasive plant species is devaluing properties substantially and costing home owners tens of thousands of euro to remedy. Japanese knotweed can now be found “in every county in Ireland” and there is a chronic lack of awareness of the scale of the issue or its devastating effect, according to Dr Frances Giaquinto, a botanist and ecologist.
Addressing the annual conference of the Institute of Professional Auctioneers and Valuers (IPAV), Giaquinto called for clear guidelines on how to handle and address the invasive species. In the UK, estate agents are obliged to tell potential buyers where it is present on a site and a similar approach needs to be adopted here. Giaquinto recommended that mortgage providers should insist on a detailed land survey – as well as a building survey – before purchase.
Read the full details in the Irish Times
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