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County Tipperary Chamber welcomes the "Housing for All"

8/4/2022

1 Comment

 
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County Tipperary Chamber welcomes the "Housing for All" update, but is concerned about the financial viability of projects in the pipeline.
​

Following the Housing for All update this morning (7 April 2022) County Tipperary Chamber CEO Michelle Aylward.
“We are glad that the issue of housing is receiving the highest priority in government and look forward to Croí Cónaithe Cities and Towns funds, which will support urban development and the refurbishment of vacant properties being launched in the coming weeks.
“Even with the soaring energy costs that businesses are experiencing, housing remains one of the most critical issues for Irish businesses.
“County Tipperary Chamber,  welcomes the achievements that have been made as part of the Housing for All Strategy, as the shortage of available affordable housing is a key concern of our members.
“The cost of housing is the single largest expense for workers, and the increasing costs of housing are driving wage claims and reducing our national competitiveness.
“High housing costs also significantly reduce the discretionary spending of the public and depress our domestic economy. This concentrates our potential for growth into the internationally traded sector and leaves us vulnerable to geopolitical risk."
CEO Michelle Aylward, went on to say
“Inflation in the housing sector has been higher than the rest of our economy for decades. Putin’s war is making it even worse, with inputs such as timber and steel becoming harder, and more expensive, to import.
“This will lead to the cost of delivering housing, at the scale which we need, climb even higher.
“Unadjusted for inflation, Government plans to spend €2 Billion on housing construction by 2025 (up from €500m) and expects the private sector to finance €10 Billion in spending (up from €6 Billion in 2025). We are very concerned about how this level of funding can be supplied to the market.
“With rising costs and considerable volatility in the commodities markets likely to persist this will undermine the commercial viability of many projects that have yet to commence, and many that are underway but have yet to be completed."


 

1 Comment
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Clonmel Chamber Of Commerce CLG t/a County Tipperary Chamber Of Commerce - Registered business-110743
​REGISTERED BUSINESS ADDRESS: Questum Acceleration Centre, Clonmel, Co. Tipperary, E91 V329
Copyright © 2016 - County Tipperary Chamber
Picture
  • Home
  • Who We Are
    • Meet Our Team
    • History
    • Meet Our Board
    • Our Mission Statement
    • About Tipperary
    • Contact
  • International Trade
    • Brexit and Certs of Origin- Chamber Update
  • Chamber Member Directory
    • Testimonials
    • Job Listings
  • Upcoming Events
    • Chamber Networking Event
    • St Patrick Day 2023
    • Sustainability
    • County Tipperary Skillnet Courses
    • News >
      • Blog
      • Chamber Newsletter
      • Gallery
      • Chamber Video
  • County Tipperary Chamber Business Awards 2022
    • County Tipperary Chamber Business Awards Tickets Portal
    • Social Enterprise of the Year Award
    • CSR Community Impact Award
    • Workplace Wellbeing, Diversity & Inclusion Award
    • Employer of the Year Distinction In Upskilling. Attracting Talent & Retention
    • Startup of the Year Award
    • Energy Management Leadership Award
    • Agribusiness of the Year Award
    • Digital Transformation Award: Wholesale, Retail, Transport
    • The President's Award
    • Innovation Award
    • Industry 4.0 (Smart Manufacturing) Award
    • Outstanding Customer Experience Award