Developers say house prices still making development unviable

The fundamentals are strong, but prices are still the main obstacle

4th December, 2016
Developers say house prices still making development unviable
James Meagher, director of new homes and development land at Knight Frank

In Knight Frank’s survey of developers for its annual New Homes Construction review, developers said that current residential prices are the main obstacle to construction.

In the same survey, some 84 per cent of developers said they have plans to acquire sites for development next year and 64 per cent of those surveyed said they believe that the proposal for schemes of more than 100 units to go directly to An Bord Pleanála...

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