Surveyors offer points to ponder for Budget 2015

Pauline Daly: According to surveyors, a restructuring of construction costs and financing, and increased mobility of second-hand homes, hold the key to a more functional property market.

20th July, 2014
Changes in Ireland's demographics will result in the formation of at least 20,000 new households per year, each requiring a separate dwelling.

Budget 2015, due to be announced on October 14, has the potential to support a more sustainable property market by ensuring that the barriers to construction can be overcome to improve the availability of supply.

There is a serious shortage of supply of residential property in Dublin and urban areas at present, which is leading to house-price inflation at unsustainable levels. According to the latest Central Statistics Office Residential Property Price Index, property prices in Dublin increased...

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