House-builder Michael O’Flynn pauses new contracts amid ‘huge concern’ over Iran war price rises
Developer warns conflict in Middle East means companies cannot commit to big projects
Developer Michael O'Flynn. Photo: Douglas O'ConnorNiamh Horan and Cónal ThomasToday at 06:30One of Ireland’s biggest home-builders has paused signing any new fixed contracts for housing developments until there is a clear timeline on when the war in the Middle East will end.Developer Michael O’Flynn told the Sunday Independent there is “huge concern” in the construction industry over potential inflated prices on supplies, given the global turmoil caused by the war.
