Bringing Irelands vacant and derelict buildings back into use could transform our towns and cities., as well as aiding the shortage of housing.
I recently let 3 apartments in what was once a derelict building in Kilbrogan Hill Bandon. The property was refurbished and now meets health and safety standards and is home for three families.
The Government needs to provide incentives to bring about 100,000 vacant properties and business premises into the housing stock. This is one of the fastest ways to increase stock to the market. A viable way for the government to do this is to offer tax free rental income for two years to those who refurbished their buildings.
The Society of Chartered Surveyors Ireland published a manual ‘Bringing back homes manual for the reuse of existing buildings. This makes an interesting read. https://bit.ly/3EyCFgl
The project of the property in Kilbrogan Hill Bandon is a great example of how we can reuse old housing stock and increase the supply of homes.
Subscribe Now for automatic YouTube updates: https://bit.ly/3m3yMJH
Stay informed ahead of other House Buyers, Home Sellers and Landlords in the County Cork Property Market.
The DNG Galvin team are here to answer any property related queries you may have . https://dnggalvin.ie/contact
Wednesday, December 22, 2021 in Blog