'Don't be naïve': New proposals won't reduce house prices, experts warn

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Assistant Professor of Social Policy RoryHearne has warned that a property developer's proposal to increase housing density will not solve the housing crisis.

Developer Glenveagh Properties believes reducing garden sizes and creating high density, low-rise suburban developments would help"fix the housing crisis".Advertisement

"In reality, what is a private developer going to actually do? Will they pass the cost reduction onto the home buyers?""We have to ask the fundamental question: Why are we allowing our housing system to be dependent on the delivery of housing by private developers who are in this to make a profit?"Hearne said that, while increasing density and creating '15-minute cities' should be a goal, we must be"very cautious that this is not just another proposal whereby...

"Even apart from the softer benefits that people get from being out in their garden and growing their own food, there's also [the question of] are we coming to a point where we need to be growing more of our own food."

 

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RoryHearne When a vested interest like a developer tries to give advice to government on issues like this it's a giant red flag. They don't care about the housing crisis, they care about making more money, simple as that. HowIrelandWorks

RoryHearne I'll incorporate the chocolate bar analogy, chocolate bars over time have decreased in size while the cost of same has increased, sound familiar?

RoryHearne It would help Developers could put more apartments on the same amount of land. This increases profits. And the amount of properties.

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