16 September 2016 – BRegs Weekly 31- Edition 81
Edition 81 of BRegs Weekly is out now.
Continued resistance by the Department of Housing, Planning and Local Government to embrace higher building performance standards were highlighted in an analysis by Joseph Curtin of the Institute of International and European Affairs. The cost of inaction on climate change could have serious implications for the fiscal space of future governments. He estimated Ireland is likely to be hit with a compliance bill of up to €610 million by 2020 for breaching its current renewable-energy and emissions targets, and these fines could be between €3.7 billion and €5.5 billion by 2030.
Central Statistics Office (CSO) data released for Q2 of 2016 show there were planning permissions granted for 3,141 dwellings, an overall rise of just 1% compared to the 2015 figure. The Government’s Housing Action Plan ‘Rebuilding Ireland’ has a target to deliver 25,000 new homes every year by 2020.
Elsewhere opposition TD Brien Cowen cited figures from the CSO and the consumer price index which show that over the past four years the cumulative increase in the private rental sector was a massive 46%, while inflation was 5%. Recent reports from the property website Daft.ie suggest the rate of rent inflation shows no sign of easing in the near future.
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