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Homeowners Caught in The Pyrit...

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Homeowners Caught in The Pyrite Trap

98FM
98FM

08:03 16 Oct 2013


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A break is on the way for people who find themselves caught in the 'pyrite trap'.

Pyrite is a naturally occurring mineral which can cause serious structural damage to homes - if it finds it's way into the infill that's used to make a building's foundations.  It's unstable and shifts, and can cause damage over time.

Properties affected by pyrite have been identified in Meath, Kildare, Offaly and Dublin - leaving home-owners in the so-called 'pyrite trap'  - buying during the boom - and now finding themselves with a damaged building that's potentially difficult to live in or sell on.

Later today the government will announce details of a scheme to help - and 12 and a half thousand affected homeowners should find out how repair works will be funded - when the Environment minister announces details of a remediation scheme.

It's hope the scheme could be put to the Dail by Christmas.


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