Housebuilders in Ireland are embarking on a series of roadshows to lobby newly-elected TDs on what they say are the barriers to housing construction.

Bank of Ireland shares soared 8% and Irish property companies clawed back some of their sharp losses after the election as global markets climbed.

The Irish Homebuilders Association has expressed concerns about the draft legislation to establish the National Assets Management Agency (NAMA).

The Government's take on the cost of a new house is now as high as 40%, according to Hubert Fitzpatrick of the Irish Homebuilders Association.