Remedy package for owners of pyrite-affected homes

A week after a Priory Hall resolution was reached, Environment Minister Phil Hogan will today announce details of the remediation scheme for houses damaged by pyrite.

Over 12,500 properties around the country were damaged by “pyritic heave” following the building boom. This occurs where the presence of the mineral pyrite in the foundations causes subsidence and cracks in the structure.

The work, estimated to cost between €40,000 and €50,000 per property, is to be funded by a mandatory as-of-yet-undecided levy on insurance policies and on the quarry industry.