Dublin gets its development ducks in a row

The capital has more than 5,500 acres of land which is already zoned and could provide homes for 269,000 people.

Project Cherry, a major 400 acre development site in Cherrywood, south Dublin, which has a €220 million price tag.

The budget’s reduction of the profits tax from 80 per cent to 33 per cent on land rezonings is expected to help increase sales of development land in the Dublin area and remove one of the inhibitors to residential development at a time when the capital is suffering from a shortage of homes.

However, even before the tax cut, there had already been an upsurge in both the volume and the value of ...