European tourist visits to outrageously expensive Dublin are declining because our capital has an ambience issue
However, according to John McCartney, author of BNP Paribas’s report, the simple lagged relationship between commencements and completions is complicated by two factors. “Critically, however, many of them have not yet washed through as completions. This has left a significant pipeline for delivery this year, despite the fact that starts slowed again in 2022,” he says.
We’ll have a better idea if he’s right when the first-quarter completion numbers come out later this month.
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