Da sei a otto ulteriori grandi costruttori avevano bisogno di raggiungere gli obiettivi abitativi, dice il capo dell’agenzia
https://www.irishtimes.com/business/2025/10/31/we-need-six-to-eight-more-big-property-developers-says-housing-agency-chief/
di Dazzling_Lobster3656
17 commenti
Surely some lads in government have some some cousins
The private market has failed to deliver housing in Ireland. Doubling down on a losing strategy is ridiculous.
Edit:
Just reading some of the comments, I’ll respond here. State-built housing does not mean a State construction company. It means the State pays private contractors to build housing, which the State then owns and rents out. Developers are not contractors. Developers don’t build – they provide finance. Johnny Ronan is not a builder. He is a speculator. That’s the problem with our current system: Developers only put up the cash when assured of a profit. No problem during the Celtic Tiger, but massive problem after the crash. Developers are assured a profit either because the economy is booming or because the State (me and you, the taxpayer) subsides their business or deregulates in a way that protects their margin while lowering our housing standards. The housing stock needs to be CONSTANTLY replenished – rehabilitation, repairs upgrades, new builds. The private market will not do that, unless we effectively guarantee them a profit. The State needs to put up the financing, and pay the same industry that is currently working for developers. The current system has been a failure.
If only the banks would lend more money.
There’s another organisation that’s far bigger than an individual company and who can borrow at scale, employ at scale and fund at scale. I wonder who that is? /s
Want more developers? Make an environment where they are supported.
This isn’t rocket science.
Hell the government could become developers very easily. Borrow the money, assign the planning change the rules to build higher and make your department / agency provide the services and if they don’t fire the head and replace them with someone that will.
Now they own the properties and don’t have to pay the private landlord premium.
It’s really not that complicated
This thatcherite obsession with trying to use the market to fix a societal problem needs to fucking die.
Time for a State construction company
We need less of these middle men parasite companies like SISK… BAM etc. We nee to enable the people who do the work rather than putting in this layer of bloodsuckers.
Take many objections are not helping things either.
I think if the government realised how the state construction company could be a cash cow for Canadian pension finds we’d have one tomorrow.
Private markets have failed. The solution? Try private markets harder.
Have the government do it directly? Lol Communism.
You need construction workers first
Would be considerably challenging given the current state of play of the Euronext Dublin. Institutional investors is still somewhat active thankfully as we seen with TPG acquiring Evara last year.
Developers and investors need certainty surrounding policy and environment, only the state can ensure that. Continues policy tweaks at the drop of a hat and constant meddling has caused mass uncertainty and resulted in developers and investors redeploying their resources and capital into more secure and attractive markets.
How would a State company yield more? Specifically.
I know this will be lost in the comments, but what’s often unnoticed is how the economies of scale fallacy got us to this place in the first instance. Prior to the crash there was a distribution of sorts from large developers in the cities to smaller contractors in rural areas to supply housing demand. After the crash, the attitude was that everything would be done at scale and financing was cut off and discouraged for all smaller scale operators. Eventually the supply at scale model failed hence where we are now.
It’s amazing really, you get policy makers at secretary level who are completely and totally out of touch with the things they create policy for. It’s common when you meet people at this level how smart they think they are despite having no experience outside of behaving in a particular fashion to meet their own cultures expectations to succeed. These people have literally never been challenged, have never had to operate in a business context where your ability to succeed might mean the loss of everything you have built, and have never ever so much as had to fear about when their next pay cheque might come in or that they might ever face demotion. Don’t believe me?
https://www.independent.ie/opinion/comment/taxpayers-cant-afford-to-subsidise-rural-way-of-life/34695007.html
He’s proposing the entire country become a ‘City State’ – That kind of unhinged megalomania is…unique. And Moran was one of the more talented mandarins.
Anyway, not that anyone will notice, but this six to eight more developers is at odds with the Taoiseach’s recent statement that we need more smaller developers.
OR, instead of relying on the private sector to fix the housing crisis (and failing to do so), as we’ve done for the past decade at this stage, how about a state construction company?
It doesn’t even need to make social housing (which is electorally risky), just reserve all output initially for critical workers like nurses and gardai. And then give employed but low earning people the opportunity to buy as a secondary market to absorb any surplus. I don’t think any voter could object to that.
The state has huge budget surpluses so money isn’t a limitation here.
And a major issue right now is the lack of construction workers, and lack of young people going into the industry. Largely because of memories of the last crash and the downturn in employment. But if we had a state body, that offered secure long term contracts, that would help massively with both of those problems.
No shit. We have known this for a long time. We also don’t have enough of small builders either.