The Independent deputy says some of them are turning to overseas financial institutions, who’re charging interest rates as high as ten or 12 percent.
He also claims not enough is being done for developers, to encourage them to build new houses in rural Ireland.
Deputy Healy-Rae made his comments in the Dail last night, as part of the leaders’ questions debate on Tuesday’s Budget.
He told Housing Minister Damien English, that there were too many barriers put in the way of developers, which were leaving their profit margins too low.
He says Government taxes and levies must be reduced, in order to kick-start private house building in rural Ireland.