Oireachtas Joint and Select Committees
Wednesday, 22 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Sean Barrett (Independent) | Oireachtas source
I mean, we have development levies in south Dublin, 60,000 per house. A levy of 352,000 per hectare within 1 km of the LUAS, so ... and I've another here that Ronan Lyons gave, that the average house price has risen by 10,000 a year to construct, between 2009-2014. There's a substantial increase of a third in construction at a time when ... of static incomes, in fact, falling incomes, falling house prices, driven by regulatory changes with increased minimum sizes accounting for 40% of the increase, greater energy efficiency accounting for further 40%, and cost relating the building control amendments accounting for 10%. So, there's too much high cost still in the system, isn't there?
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