Auctioneers call for cheaper finance for builders

A group representing auctioneers is calling on the Government to allow builders borrow money at lower interest rates.

Auctioneers call for cheaper finance for builders

A group representing auctioneers is calling on the Government to allow builders borrow money at lower interest rates.

The Institute of Professional Auctioneers and Valuers said the move would make the construction of new homes cheaper and help in tackling the housing crisis.

Experts suggest at least 15,000 new apartments are needed to support our growing urban areas.

Chairperson of IPAV Pat Davitt said builders needed access to cheaper financing.

"If the builders can't build the houses any cheaper, then obviously something has to happen. Builders are going to have to get finance at cheaper rates," he said.

He called for a government bond to be made available to builders that would allow them to access finance at lower rates.

more courts articles

Man (25) in court charged with murdering his father and attempted murder of mother Man (25) in court charged with murdering his father and attempted murder of mother
Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van
Man in court over alleged false imprisonment of woman Man in court over alleged false imprisonment of woman

More in this section

FILE PHOTO The Competition and Consumer Protection Commission has cleared the purchase of Goodbody Stockbrokers by AIB END Goodbody Stockbrokers fined over €1.2m by Central Bank over rules breaches
Nottingham City Centre Stock Irish staff at the Body Shop wait for wages as retailer shuts stores in the Republic
Ryanair comments on Norwegian Ryanair boss O'Leary's spat with Transport Minister over Dublin Airport escalates
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited