SCSI calls for extension of Home Renovation Scheme to Commercial

The Society of Chartered Surveyors of Ireland (SCSI) has called for an extension of Home Renovation Scheme (HRI) to Commercial Properties following a survey which was carried out. SCSI has called for a number of measures to boost the supply of new commercial property, including the introduction of a Builders Finance Fund (BFF) and a Revolving Infrastructure Fund to support the availability of development finance.

The survey also shows a 5th of commercial property owners applied for a rent reduction in the last year, of those that applied 42% achieved a reduction of up to 10%.

Please see PDF report:

New Commercial Property Survey from Society of Chartered Surveyors Ireland