Thursday, 13 September 2018Property Industry Ireland (PII), the Ibec group that represents businesses operating in the property and construction sector, has welcomed the launch of an active land management agency for development land.
Commenting on today’s launch of the Land Development Agency PII Director, Dr. David Duffy said: “The lack of a good supply of affordable land in the right locations with the necessary infrastructure is a serious concern for the industry. PII welcomes the launch of the new agency and its focus on cooperating with homebuilders to deliver new homes initially on state lands. This is a significant change to the market and will hopefully make more land available for all development in the future.
“The Agency’s ambition to deliver 150,000 over the next 20 years is only part of the solution. The success of the initiative will be measured in how soon these homes can be started in an environment where the industry is also facing skills shortages and capacity constraints.”
A recent joint publication by Ibec and Property Industry Ireland predicted an annual housing demand of 36,000 homes between 2018 and 2046.