Construction industry head denies presence of property bubble

The head of the construction industry is denying that there is a property bubble.

Construction industry head denies presence of property bubble

The head of the construction industry is denying that there is a property bubble.

Tom Parlon of the Construction Industry Federation says prices have only risen marginally compared to the collapse over the last seven years.

He is responding to an ESRI report which says Ireland needs around 90,000 homes in the next seven years to keep up with demand.

He also says builders are now finding it tough to get the money they need to start building the houses Ireland needs.

Mr Parlon said: "The third force of finance is a major issue and we did have a lot of talk about the Strategic Investment Fund.

"There is over €6bn in it, there's certainly scope there for that to provide some of the matching funding because, as I said before, it appears to be a no-brainer.

"We should be building houses to deal with the demand, to stop the prices from escalating any further and to create the much-needed jobs."

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

Pile or group of multi colored and different sizes of colourful foil wrapped chocolate easter eggs in pink, blue, and gold. Larg Young sisters donate hundreds of Easter eggs to children's hospital
Ireland has third highest level of deaths on rural roads in EU  Ireland has third highest level of deaths on rural roads in EU 
Mother and daughters killed in Mayo crash named locally, as husband returns to Ireland 'Their smiles lit up the room': Tributes paid to mother and daughters killed in Mayo crash
War_map
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited