Levy on builders of defective Celtic Tiger-era homes 'not feasible', report finds

Report says the group understands it is 'not feasible retrospectively to impose a penalty on the individual firms that were responsible for the defects' and that levying across the entire industry may impact firms that had no fault in the defects.

A levy to raise billions of euros to fix defective Celtic Tiger-era homes should be considered, similar to the banking and insurance levies, a new report has found.

With a looming bill of up to €2.8bn for remediation works, a levy on the construction industry had been touted as a source of funding.