Oireachtas Joint and Select Committees

Tuesday, 24 May 2022

Joint Oireachtas Committee on Housing, Planning and Local Government

Construction Costs in Housing: Discussion

Mr. James Benson:

One of the positives now, which we did not have a number of years ago, is that we have the national development plan, the national planning framework and Housing for All, so there is a level of committed funding that will give certainty to those who come into the industry that they are not necessarily looking at a five-year cycle of boom and bust but that there is a guarantee of developments and delivery over the next decade. That is a positive.

Construction might be attractive to many other sectors of the economy as a result of Covid-19. In the past, if one was a pilot, for example, one was almost guaranteed a mortgage. During Covid-19, due to the lapse in that industry, it is no longer a guarantee. The construction sector was one of the most positive industries being looked at for the potential there because of the security, the need and the contribution it makes to the economy. We are probably in a better position with regard to security. There is never a guarantee in any sector, but we are probably in a better position now than we were previously because of that committed funding. I hope that would bring some confidence to those who might come into the industry in the future.

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