State warned it must intervene to help developers hit targets

Brendan Burgess

An interesting report from Ronan Lyons

It said State intervention is needed to underwrite developers to hit that level of activity.

But they warn the €460,000 cost to deliver apartments [ in Dublin] includes around €225,000 of so-called hard costs with the rest made up of land, Vat, professional fees and financing costs.


Frequent Poster
The state could build and deliver accommodation a lot cheaper, if they did it directly and used land already owned by the state, rather than outsource to private enterprise.

I do not support the current model, and do not accept that we need to pay €460k for an apartment.

Just imagine how many units the state could have built with €30m, rather than hand it over to Hines, for those units at RTE
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