Wednesday 7 December 2016

No shortage of planning permission but lack of funds an issue

Published 20/07/2015 | 02:30

Not only are building costs too high, taxes on construction are deemed excessive and banks are not lending to developers
Not only are building costs too high, taxes on construction are deemed excessive and banks are not lending to developers

The Coalition faces a number of difficult issues in the run-up to the general election, not least of which is the chronic shortage of suitable housing coming onto the market.

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It's a problem which has dogged the Government's term in office, but is particularly serious now that the economy is on the turn and there is a market seeking to purchase homes, something which wasn't the case in 2011.

The problem is most acute in the main cities, but particularly in Dublin. It is also a complex one.

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