Development Land

Land scarcity, planning issues and spiralling costs delay delivery of new homes

A combination of a shortage of residential development land, planning delays and spiralling labour and material costs are hindering the construction sector’s ability to deliver the level of housing required to meet consistently increasing demand.

The results from Knight Frank’s latest annual survey of Ireland’s top residential developers show that the new homes construction industry recovered strongly from last year’s Covid-induced disruption which effectively shut the sector for the first four months of the year. In all, 55 per cent of respondents stated that their development activity in 2021 was stronger than in 2020.

Read the full details at Irish Times

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