New home buyers in Ireland paying for years of underinvestment, says housing group

Land management in Ireland was raised by the group. Picture: Gareth Chaney/Collins

A builders' lobby group claims people buying new homes are paying the cost of years of underinvestment in Ireland's cities and towns.

The Irish Home Builders' Association said there is a large "affordability gap" between cost of building a home in an urban area and the amount first-time buyers in their target markets can borrow.