A Galway-East Deputy says increases in costs and a shortage of labour is now making housing adaption works unaffordable for many.

Independent TD Sean Canney argued that income thresholds and grant caps are now outdated and people can no longer afford to do these works on their homes.

He also made a suggestion of introducing a VAT refund for first time buyers to help them when taking their first step onto the property ladder.

Deputy Sean Canney told Midwest Radio's Alannah Nolan that these rising costs are putting first time buyers out of reach of their first homes...

 

 

Meanwhile, housing plans are under threat because the cost of building is continuing to soar.

That's according to the Central Bank of Ireland, which has warned a limited current supply and risks to building will likely push prices up further.

It's Governor has told the Business Post he's worried inflation will delay developments or make them un-viable to continue with.

Gabriel Makhlouf says its 'no secret' that demand outstrips supply, something the President this week called a 'disaster.'

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