Reply To: Decentralisation and its effect on Construction Inflation

My point is three fold

Firstly interventions to skew the market should take account of the condition of the market i.e. not enough residential capacity and excess offices. It is therefore going to have no positive supply side effect.

Secondly the construction industry is close to capacity delivering infrastructure and housing, creating demand for office construction in other places when 15.4% of all offices in Dublin are vacant is crazy. It will add to construction inflation driving ALL construction costs up including apartment construction prices up in Dublin.

Thirdly decentralisation is about securing better value for the taxpayer, this strategy will necessitate the construction of new schools and particularly roads because most of the places selected would never have the critical mass to provide local transport.
Buy the old John Hinde ‘Rush Hour in Ireland’ Postcards with the sheep, soon it will be civil servants in Micras