Should property development be licenced?

Slideshowbob

http://www.independent.ie/national-news/dunne-ducks-out-of-d4-and-heads-west-2409918.html

So bucaneer seany dunner Dunne has fled to the us of a by accounts

This leads me to question the social responsibilities / awareness of this man

And also then.....

Should a property development licence be implemented to ensure responsible / sustainable development in the future.

Sure would it even b required now? Would such credit ever be there? Would implementation of such regulation just be a waste of money?

FoxT

It is already regulated by local planning authorities. Very ineffectively & expensively, I might add. Your idea is worth a try,cos what we have today aint working!

Slideshowbob

Well planning etc can apply to companies

I am talking about the individual head men doing some sort of test to prove their abilities before a lending institution would lend to them

gurramok

Slideshowbob wrote: »

Well planning etc can apply to companies

I am talking about the individual head men doing some sort of test to prove their abilities before a lending institution would lend to them

Well, there was no real financial regulation when Mr Dunne got his super duper loans.
Big difference nowadays as the banks are broke and Mr Elderfield is in charge so i'd reckon a property tycoon getting huge loans now is a thing of the past.

Sand

For it to be licensed youd have to assume the state is in a position to determine whose capable of running their own affairs and whose not. Seeing as the state is insolvent...maybe theyre in no position to judge.

Godge

Well first the state sets out a National Spatial Strategy idenitifying hubs etc.

Then local authorities set out county development plans with areas zoned for various types of development. The DoE oversees and certifies this process.

Finally, in relation to individual developments, the developer applies for planning permission to his local authority which makes a decision based on the NSS and the local development plan. This is subject to An Bord Pleanala.

So we have a system of licensing. As with so much of Ireland, the problem is not the system, it is the way the system is operated.

jimmycrackcorm

Property Development does not need to be be licensed beyond the current development regulations. The problems we had where down to the financial system not adhering to fundamentally sound financial principles. Property development only occurs when the finance is being thrusted into it's hands.

The day the banks moved the barrier on mortgage lending away from the 2.5 times the primary income +1 times the second was an opening of the floodgates for housing development.

Ghost Estate

great another thing with more bureaucracy and artificial barriers to entry. no thx

lisarojer

to reduce malpractices licensing is necessary.. i totally agree with this