Political paralysis leaves us further away than ever from solution to housing crisis
Published 22/10/2015 | 02:30
The housing crisis is getting worse, yet last week's Budget contained no new initiatives. There is political paralysis on the issue due to a disagreement within the Coalition.
The fundamental dynamics of construction economics are stuck because of a number of factors. Credit access for both potential mortgage holders and builders is still a problem. Add to this the costs of serviced land and the imposition of building regulations and prices rapidly become prohibitive.
Recently I chaired the annual conference of the Society of Chartered Surveyors Ireland, representing almost 6,000 property and construction professionals across 11 disciplines.