O’Flynn: Housing bounce impossible without developers

The head of O’Flynn Construction has warned that the housing market will not recover without the input of developers such as himself, and said the country’s planners need to come down from their "ivory towers".

Michael O’Flynn has also claimed the scale of criticism towards developers was “extraordinary”. “I think it was that people did not understand what we did, they did not understand the scale of some of our businesses, they perceived major borrowings as being somehow bad business,” he says.

“I can’t see this market recovering without developers. But there are people who don’t believe there is any role for developers. And when that crazy misunderstanding exists by a lot of people in this country, you are not going to solve the development situation.”