Belfast Telegraph

Ballyclare housebuilder warns red tape slowing completions

By Staff Reporter

A housebuilding firm has said its pace of completions for 2018 is likely to be held up by delays.

Hagan Homes' boss Jamesy Hagan said bodies such as the Rivers Agency and the Northern Ireland Environment Agency contributed to slowness in the planning system by taking too long to respond to applications.

He also claimed NI Water charged "excessive" sums for water bonds.

Hagan Homes, based in Ballyclare, reported turnover of £16.7m and pre-tax profits of £2m in the year to April 2017.

It completed 207 homes across 15 sites in Northern Ireland, an increase of 8.4% on the previous year.

The company's initial target had been 180 homes.

Mr Hagan said: "While our outlook for the coming year remains positive, and demand in the local housing market continues to gradually improve, our ability to construct the number of houses required to meet demand is constrained by the issues previously highlighted.

"As a result of this our forecast completions for 2017/8 18 will be less than those achieved in 2016/17."

Belfast Telegraph

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