Construction Ireland Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
11/10/2010

Protecting Homeowners Following The Vesting Of Land

South Belfast Sinn Féin MLA Alex Maskey has submitted a private member’s motion to the Assembly calling on the Social Development Minister and the Minister for Finance and Personnel to bring forward proposals to ensure that homeowners living in areas that are due to be re-developed by the Department of Social Development will be protected from negative equity and increased debt following the vesting of land.

The motion will be discussed in the assembly on 18th October.

-- Advertisement --

Alex Maskey MLA said: “The issue of vesting property is particularly relevant to South Belfast at the moment as the Village area is currently in the middle of a vesting scheme.

“I have been contacted by a number of people from the Village area who are extremely unhappy that the vesting scheme will leave them in negative equity. Many of the people affected are those who have struggled to afford to buy there own homes and now find themselves in the terrible position that their house has been vested at a fraction of the original price.

“It should also be kept in mind that the Village area is ranked as one of the most socially and economically deprived areas in the Belfast and the North and the fact that many people will be left in negative equity as a result of the vesting process will not help this situation.

“I would call upon all Parties to support this motion when it is debated in the assembly on October 18th.”

(GK/KMcA)

Latest Construction News

03/12/2024

A £12 million investment will be made by one of the UK & Ireland's leading construction manufacturers, Tobermore, to expand its operations. Kick-starting the expansion, the L'Derry-based company will invest £4 million in new jobs, including the creation of a dedicated technical design team to ...
03/12/2024

Dankse Bank have supported an investment totalling over £3.1million to expand the Ballymena headquarters of Northern Ireland's leading precast concrete manufacturer and supplier, Moore Concrete Products Ltd. The expansion will include building three new factories totalling 4,750square metres for ...
03/12/2024

The second phase of construction works at Kiltipper Park in South Dublin were officially marked recently by a sod-turning event. The works about to commence will include the construction of an extended car park; footpath and northern pedestrian entrance improvements; sports pitch construction and ...
03/12/2024

Ballyclare-based housebuilder Hagan Homes has appointed a new Managing Director. Jim Burke, who boasts over 35 years of dedicated service within the Northern Ireland company resulting in a wealth of experience and knowledge of the industry, will take up the role as Hagan Homes embarks on a ...
03/12/2024

Northern Ireland construction firm GRAHAM has received National GOLD honours for the Belfast-based Nelson Place Student Accommodation in the Climate Change Benefits category at this year's Green Apple Awards. The state-of-the-art facility boasts the first two blue roofs to be installed in Northern ...
03/12/2024

Works to replace over 8.7km of ageing water mains with new, modern pipes in Sligo have successfully been completed, Uisce Éireann has announced. As a result, customers to the south of Sligo town are benefitting from a more secure and reliable water supply. The recent works included three sections ...
03/12/2024

A transformative project at the Melvin Recreational and Resource Complex in Garrison, County Fermanagh, has successfully been completed. The project, which was delivered under the Covid Recovery Small Settlement Regeneration Programme, saw the Complex's bedrooms and dormitory rooms enhanced into ...
03/12/2024

A public consultation is now open regarding the newly launched Draft Dromore Place Plan by Armagh City, Banbridge and Craigavon Borough Council. The plan outlines key projects to rejuvenate the area and enhance its social, economic and environmental well-being, with input included from 614 local ...
03/12/2024

Road construction and utility works are currently ongoing in Ballina, Co. Tipperary. The works, which began yesterday, resulted in the urgent closure of the R-496-13 road from the junction at Roolagh at R-494-0 for a 100m section. This closure will remain in place until 11.59pm on Saturday, ...
03/12/2024

Ground investigation works are set to commence from next week in Wicklow. The works, which will take place on the N81 at Hollywood Junction (approximately 0.25km either side of the junction), will begin from Monday, December 9, until Thursday, December 12. Temporary traffic management will be in ...
Hi-Tec ConstructionPEFC [Ireland] LtdPro Roofers GalwayBrady Insurance Services LtdTipperary Crane HireActive Electrical LTDBuilders FortSolar Energy PLCClean Solar Solutions IrelandTapco Roofing Products
Terms and Conditions
2024/12/04 07:56:52