Study: New lender and Vat cut ‘may boost homes supply’

Setting up a specialist lender for the construction sector, like the original ACC Bank did for farming, and reducing the Vat rate on building homes could help cut costs and ease the housing crisis, according to a major new study.

Chartered Surveyors Ireland says its report called ‘The Real Cost of New House Delivery’ was the first independent survey of the costs of building a house in Dublin and other urban areas.

It found the costs of finance and Vat were significant elements in pushing up the costs of building a new home.