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Listen: Govt. Called On To Address Land-Hoarding.

: 09/13/2017 - 18:11

There are calls for the Government to address the high cost of land, in particular with penalties for hoarding it.

It emerged earlier that the cost of building affordable apartments was too high, making developers less likely to build them.

The Construction Industry Federation says bricks and mortar only make up around 40 percent of building costs.

DIT Lecturer Lorcan Sirr, says there has to be some penalty for hanging on to land to see its value rise:

NEWSTALK1745320.mp3, by Ciara Plunkett

 

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