New planning guidelines and laws are set to be introduced to mitigate against the majority purchase of homes and duplexes and permit for the earmarking of homes in some specific improvements for owner occupiers.
The steps won’t apply to flats”in recognition of this fact that we want continued investment from global capital to guarantee supply in center urban and higher density regions”, the ministry stated.
New preparation guidelines will be issued soon by means of a departmental round under section 28 of their Planning & Development Act 2000 to demand local governments and An Bord Pleanála to forbid bulk purchasing of homes and duplexes.
The”owner occupier guarantee” will likely be introduced through legislative change and enables local governments to designate a predetermined variety of homes and duplexes at a growth for owner occupiers.
Mr O’Brien said:”Tackling the catastrophe is the top priority and it’ll take a whole of government strategy. Our job with Minister Donohoe and his Department has shown our commitment to putting home ownership back in achieve people.”