Happy Christmas & New Year from Future Analytics Consulting
‘As the year draws to a close and we move towards the dawn of 2017, Future Analytics Consulting has been reflecting on a busy and productive year.
With exciting projects in the residential and commercial development sectors throughout the year, we have also had the opportunity to deliver novel research exploring demographic trends and constructing data models to inform policy interventions. Education, healthcare, economic development, renewable energy, regional and urban resilience, smart cities and social-infrastructure analysis are just some of the diverse range of topics that have been a feature of 2016, but the prevailing challenges within the residential property sector have remained a key focus of public debate.
Approximately 16,000 residential units have gone on-site across the country this year. Dublin City alone needs at least 4,000 units per annum over the next six years. With the construction cost of a typical house accounting for just 45% of the overall cost of providing the house (SCSI with FAC, 2016), there remain clear supply-side issues.
Interventions continue to focus on demand-side solutions. The SCSI and others have regularly called for the consideration of a reduction in VAT to 9%, a reduction in finance costs to 5%, and development levy reductions to €1,500, among other recommendations. The adopted ‘solutions’ announced in 2016 through ‘Budget 2017′, together with the laudable but slow-to-proceed planning initiatives have not yet demonstrated sufficient rigour to improve matters.
It is estimated that in Dublin, a staggering 5,000 people are homeless this Christmas. We are failing our fellow citizens on an unprecedented scale. It is simply unacceptable for a progressive city such as this to find itself caught in a crisis of this nature.
Over the past twelve months, our wonderful team have connected with Peter McVerry Trust in an effort to play some small part in helping those in need of housing supports. But there is so much more to do, and so many more to help. In 2017, we will continue to support these and other worthy causes, and would appeal to all within our network to play your part wherever possible.
We wish you all a safe and enjoyable holiday season, and a peaceful 2017.’
William Hynes, Stephen M. Purcell and all the staff at Future Analytics Consulting