Re: Re: Developments in Cork
:rolleyes: Anyone feel that the rising cost to developers in the city by way of development levies, stamp duty, and the stealth cost of Part 5 contributions may strangle and kill the â€œGolden Gooseâ€ that is keeping the Celtic Tiger alive?
Under Part 5 CCC received 0 euro and 0 units in 2003, 390,728 euro and 0 units in 2004, and 1,175,200 euro and 83 units in 2005.
Development levies for the same period were, 2003 approx 3 million, 2004 approx 6 million, and 2005 approx 11 million.
With most houses now failing to sell at auction and many apartments lying idle since built you would wonder at what level will developers put their money in less volatile investments?