State warned it must intervene to help developers hit targets

Brendan Burgess

Founder
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42,205
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.
 

MrEarl

Frequent Poster
Messages
1,988
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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