Where I live, there is acres of land with planning permission that is ready to go. All the land was bought at Celtic Tiger prices though, so I can't see the houses being cheap when they are built eventually.
Steven
www.bluewaterfp.ie
Surely the sensible thing to do to get housing 'going' in future if needed, is to lower the cost of housing i.e. lower the Govts 40% tax take on new builds or restrict the price of building land.
Rather than ease on lending so to allow those struggling to raise a deposit to get a house.
Don't chase prices...we know what that leads to
Now I don't know of any country out there that has succeeded in this, but there are certainly better options than our current one, which requires the average citizen to take on a heavy financial in order to provide living accommodation for their family.
Well when 40% of the cost of a new build goes to the Govt in 1 form of taxes or another (and that figure was calculated before the new rules/regulations that came into force in January of this year), then yes, the cost of new housing can be substantially reduced.
And then there's the cost of development land in this country!
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