Thursday April 9, 2020

We can’t drive down the price of new homes without transparent building costs

Impediments to building affordable homes and rules which prevent young people on average incomes from buying one have led to property stagnation

2nd February, 2020
Jack Fitzsimons changed the face of the Irish property market in the early 1970s with his best-selling book Bungalow Bliss

The cost of building homes must be driven down, according to recent study by the Economic and Social Research Institute (ESRI). But there was no consensus in the report on how that is going to happen. Unless one emerges, it’s impossible to see how we’re going to build the 340,000 homes the Central Bank of Ireland (CBI) estimates we need up to 2030. The CBI doesn’t indicate the type of housing needed, in what price...

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