Last week, Glenveagh Properties, one of the State’s largest homebuilders, faced criticism over a design plan they put forward to Minister Darragh O’Brien, in a bid to ease Ireland’s housing crisis.
The plan suggested an overhaul of existing planning regulations, which would replace apartments with more own door homes. A move that CEO Stephen Garvey describes in this episode of The Inside Business Podcast as, “a win-win for society across the board.”
Garvey tells Ciarán Hancock that the changes Glenveagh outlined in their plan are all based on extensive research into consumer needs and wants.
“When we decided to come and do the study, what we did was we put ourselves in the boots of the consumer… what’s the consumer salary, what can they afford.. and we worked ourselves backwards, that’s what we tried to do,” he says.
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He also outlines the potential price reductions to building costs if the suggestions are implemented and shares his view on where house prices will go in the next twelve months.
