Thursday 16 August 2018

Stop the sprawl! If we are serious about our future, we must look up

Dublin needs to undertake a series of reforms in its real estate market, write Jason Barr and Ronan Lyons

The tallest building in the Republic is The Elysian in Cork at 71m (pictured). This will change when the 79m Capital Dock, now under construction in Dublin, is completed
The tallest building in the Republic is The Elysian in Cork at 71m (pictured). This will change when the 79m Capital Dock, now under construction in Dublin, is completed

Jason Barr and Ronan Lyons

When Britain voted in 2016 to leave the European Union, it, perhaps unwittingly, handed an opportunity to Dublin to grab a share of London's financial services business.

Companies in the City of London's financial heart like the idea of moving to Dublin - it's an English-speaking city close to both the UK and the Continent. Dublin has a growing financial services base, with almost 40,000 people working in the IFSC.

However, if Ireland is serious about being a player, it must overcome several hurdles. Perhaps the most important of these is its real estate market.

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