The publication of Dublin City Council ’s new development plan sent chills through the property sector last week. Under the plan, developers will be banned from building new apartment blocks which are only for rental. The impact of this will freeze future apartment developments in Dublin and mean renters and first time buyers will have fewer options and higher costs.
While this reaction may seem extreme, what we know is that construction is central to improving conditions in the housing market. This is simply a fact, it’s not a matter of debate. Despite this, the council seems intent on turning off the construction tap.
BigPaulieDoyle
He can't speak to the Irish like that..he'll get himself killed!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: