Housebuilding in Ireland – Maximising Opportunities and Reducing Risk
After several years of subdued supply, Ireland is embarking on a welcome and necessary upturn in home building. The Government’s Rebuilding Ireland initiative is a welcome opportunity for developers, builders, and all construction stakeholders in Ireland, both for the business it will generate and also the ability to begin to repair the damage to consumer confidence caused by pyrite issues and other high-profile quality and safety failings experienced by many since the turn of the century.
While the Building Control Amendment Regulations (enacted in March 2014) and the Construction Industry Register Ireland (CIRI) are positive developments that will greatly reduce incidents of serious building failures, they will not eliminate them entirely. The Government should now work together with the insurance industry to communicate the value of latent defects insurance to residential construction companies, so that lessons are learned from the past and necessary steps taken to protect all stakeholders into the future.
Read our paper to find out more.