Tuesday 6 December 2016

Political paralysis leaves us further away than ever from solution to housing crisis

Published 22/10/2015 | 02:30

'Dublin needs 7,000 new units per year, 37,500 by the end of 2018 and as many as 54,000 units will be needed by 2021'
'Dublin needs 7,000 new units per year, 37,500 by the end of 2018 and as many as 54,000 units will be needed by 2021'

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.

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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.

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