Dáil debates

Wednesday, 17 December 2014

Ceisteanna - Questions - Priority Questions

Property Market Issues

9:40 am

Photo of Peadar TóibínPeadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

The housing market is a dysfunctional market currently. While it is not directly the responsibility of the Minister, thousands of jobs could potentially be created within the housing market if this dysfunction was resolved. I ask the Minister to focus on the area in the Action Plan for Jobs, which is meant to be a cross-departmental plan. Vacancy rates for commercial property are falling. We will have a problem if this country cannot continue to supply commercial property to indigenous and FDI companies. They will not necessarily relocate to another part of the State; they will relocate to another country. The IDA has sought to develop new advance factories in a number of different locations. However, 23 counties will not have such factories, which will be a challenge for them. In Meath, for example, we are told regularly that there is not enough space for large firms to move there. I am sure Louth has similar troubles.

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