Cork property developer Michael O’Flynn has urged the Government to introduce an emergency measure that would involve designating thousands of acres of unzoned land in urban areas for house building. Mr O’Flynn believes his plan would bring down the price of land, a saving that could then be passed on to home buyers and “revolutionise” the housing crisis here. He believes this could free up 3,000 acres of land in Dublin and Cork alone, for the building of between 40,000 and 50,000 new homes. If we don’t face up to this now, we’re not going to fix the housing crisis. Mr O’Flynn believes that between 45,000 and 50,000 houses are required annually here in the “next number of years” to meet demand.

Source: The Irish Times September 05, 2018 03:56 UTC