‘Dysfunctional and illogical’: Developer Michael O’Flynn on Ireland’s new vacant land tax
Inside Business with Ciaran Hancock
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The High Costs of State Construction Development
The profit margin to funders recommend for funding is 15%. It's nowhere near that. If you were to apply land values, you'd be in single figures. Some of the prices paid for land in Ireland have been pretty saucy. This is driving more people out of the market and making a bigger case for a state construction development company which won't have to answer for costs. But when you talk about state construction companies are developing companies, they don't talk about all the costs.
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