Market Talk

A new generation of developers has emerged. Does it offer a sustainable solution for the sector?

30th August, 2015
4
Cairn Homes Park Side development in Malahide, Co Dublin Maura Hickey

Peter Bacon, the property economist who could rightly be called the father of Nama, remarks constantly that one of the reasons so many Irish property developers and builders got into trouble is that when the crisis hit they found themselves with no access to capital markets to raise equity. Unlike many British property companies, they simply couldn’t turn to shareholders to stump up cash. Instead, they had only their own resources to rely on, which...

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