Dublin prices are being driven by several factors. Scarcity of land for development in the city. Brown Field sites change of use delays (glass bottle site eg.). Dublin Development plan densities should be higher in the inner city and medium rise (40 storeys) should be permitted in select locations (Docklands etc.). Planning legislation should be configured to over-ride NIMBYism and to outlaw serial planning objectors who are solely geared to make money (eg. Athenry Apple Datacentre and recent publicised residential projects held hostage for payment). Priority should be given to particular fast track project planning applications to speed up what is an extremely long and arduous planning process. Higher densities, a more efficient planning process leading to larger house building programs and ultimately lower build costs and more economical housing prices. At least in theory. But then again, Ireland’s super successful economy may be an over-riding factor in build cost and property prices driven by supply-demand forces and a high earning tech sector.
Dublin is the fifth most expensive city in Europe in which to build property, according to a report by Turner & Townsend: At €3,516 per square metre, Dublin now ranks behind only Zurich, Geneva, London and Munich on building costs across Europe Colin Gleeson, writing in the The Irish Times https://lnkd.in/ec2WbcKj
