The planning rules allowing ‘build-to-rent’ apartments will be abolished. The rules which were introduced by the then Minister for Housing, Eoghan Murphy in 2018, mean that apartments which are owned by institutional investors and are developed specifically for the rental market do not have to comply with the minimum size standards required in apartments which are for sale. There are less stringent storage requirements and more apartments are permitted per floor.
The Minister for Housing, Darragh O’Brien is expected to issue an amendment to the existing guidelines, removing the reduced standards. The developments which are already in planning will be allowed to continue under the existing regime.
The move comes from the pressures on the Government to provide more social and affordable homes, as the number of homeless people in Ireland are hitting record highs.
Article by Brendan Buck of BPS Planning & Development Consultants LTD