More than 80% of owners of defective homes unable to sell

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 98%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

Up to 100,000 properties may be affected by historical fire safety and other defects, a report found, and remedying them could cost up to €2.5 billion

Up to 100,000 properties may be affected by historical fire safety and other defects which could cost €2.5bn to fix, report findsSome owners of defective homes face seeing their properties restored to a lower standard than applied when they were originally built. Photograph: Frank MillerMore than 80 per cent of owners of defective homes have been unable to sell their properties due to the issues, a Government report on the issue has found.

It recommends that “where practicable” apartments should be remediated to the standard that applied at the time of their original construction. However, where it is not practicable, the report recommends that “alternative approaches and options” be considered that provide a “reasonable level of life safety protection” in accordance with the Fire Services Act.

Mr O’Brien said he was “angry with some of the developers that have, through really poor workmanship and bad practices, left people with these issues”.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Remediation works 'could stall' as State considers defective homes reportA report is expected to find that the Celtic Tiger builders responsible for defective homes cannot be made to pay for the remediation works. Of course it won’t. Purchase anything else- you can sent it back for a refund, have it repaired orrecievea replacement. Except……. Why
Source: NewstalkFM - 🏆 19. / 55 Read more »