AIB: Builder Vat breaks and landlord incentives will increase house supply

AIB has called for tax breaks for developers, incentives for private landlords, encouragement for empty-nesters to move homes, and extending the lifespan of the help-to-buy scheme in order to accelerate housebuilding and lower rental costs across the country, writes Pádraig Hoare.

AIB has called for tax breaks for developers, incentives for private landlords, encouragement for empty-nesters to move homes, and extending the lifespan of the help-to-buy scheme in order to accelerate housebuilding and lower rental costs across the country, writes Pádraig Hoare.

In its housing supply report out today, the bank says the profit margins developers are working to are “constrained” and generally range from 10% to 15%, based on its analysis of business cases submitted over the past year.