logo
Property dereliction is antisocial behaviour perpetrated by the rich – it can no longer go unpunished

Property dereliction is antisocial behaviour perpetrated by the rich – it can no longer go unpunished

Irish Times17-05-2025

The dysfunctional state of Ireland's
housing market
was perfectly illustrated by the recent
collapse of a derelict cottage on Dublin's Grand Canal
. As hard as it might be to believe, this property is owned by the very people who are supposed to represent Ireland's builders.
Last week it was revealed that in the middle of a
housing crisis
, when every property should be occupied,
the owner of a small terrace of derelict cottages on a prime site in Ranelagh
was none other than the
Construction Industry Federation
(CIF). Let that sink in for a minute. The organisation that has presided over this episode of urban decay, allowing dwellings to fall into ruin, is the lobby group whose members are supposed to be building the country. Only in Ireland.
This represents policy dysfunction on a monumental scale, laid bare in a micro-aggression against society at large. You might think the term aggression is over the top, but it's not if you regard dereliction as an antisocial behaviour that spreads from one property to another and from one street to the next.
We are used to hearing the 'antisocial behaviour' label to describe a gang of young lads in hoodies hanging around a street corner threatening passers-by. It is considered antisocial because it detracts from the sociability and cohesion of the area.
READ MORE
Dereliction is similarly antisocial but it is perpetrated by rich adults rather than poor youths. Allowing homes and buildings to degrade to such an extent gives permission to other landlords to abuse their property, typically hoarding in the hope of future gain. Dereliction begets dereliction. The more hoarding, the less property available in the city and the higher the overall price of property. The hoarder is quids-in.
This must be stopped.
Property ownership is more than mere financial asset management: the owners of property are custodians of the urban environment. Apparent indifference is not a victimless crime. The area is the victim. Delinquent behaviour, ie allowing buildings to degrade, undermines the other owners who are acting responsibly by maintaining their properties.
That the CIF is abandoning buildings a stone's throw from the city during a housing crisis underscores the lamentable state of the Irish property market. What is the Minister of Housing going to do about this? When an organisation with influence over housing and development policy can show such blatant disregard for the city, we know we have reached a new low in terms of bureaucratic incompetence and rank hypocrisy. We hear people talking on the airwaves about rebuilding Ireland, while at the same time allowing the delipidated buildings they own in Ranelagh fall down during morning rush hour. You couldn't make it up.
It is clear that we need substantial fines imposed on reckless property owners
Can someone take responsibility, please – if only for the credibility of the State that indulges such organisations? What does it take? A pedestrian, motorist or cyclist to be killed under the crumbling debris?
Although it is particularly egregious, the canal episode isn't an isolated incident.
GeoDirectory
, the data company used by
An Post
, has estimated that
14,500 residential and commercial properties lie vacant across Dublin
, with 4,000 of these occupying prime locations in the city centre. In the past year or so, dereliction has become substantially worse, with a more than 20 per cent increase on the
12,000 or so vacant properties identified by GeoDirectory in the capital in 2023
.
Between the two canals are 4,082 vacant buildings. Half of these are commercial, roughly one-third are residential and the remainder are mixed-use. Dublin 2 is the worst offender, home to 41 per cent of vacant buildings, of which the vast majority (75 per cent) are commercial.
The Victorian commercial districts of Dublin 1 (Parnell, Talbot, Capel and Dorset Streets) account for more than half (610) of the vacant flats above commercial units. The city is literally falling down in front of our eyes. And while dilapidation in Dublin is particularly acute, the same story applies across Ireland's urban centres, from Drogheda to Cork and Waterford to Limerick.
[
Construction Industry Federation owes €140,000 in derelict levies at €23m site of Dublin 6 terrace collapse
Opens in new window
]
[
Irish Rail seeks 'maximum' number of homes for new Dublin suburb, despite Uisce Éireann warning on capacity
Opens in new window
]
Dereliction and vacancy are the result of choices made by individuals, companies and even lobby groups like the CIF. It is time to put a price on those choices because dereliction destroys not just the buildings themselves but also the streets. Allowing your building to become derelict must be called out as antisocial behaviour.
It is clear that we need substantial fines imposed on reckless property owners, both to change their behaviour and to send a signal. Many of these people are hoarding their buildings in the hope of selling on at a higher price. Such behaviour must be discouraged with a penalty. For example, once a building is categorised derelict by the local council, the owners should face a hefty fine on their total income – not just their property income. Owners shouldn't be permitted to hide behind corporate trickery, allowing them to pretend a different corporate facade to escape the financial consequences of their social irresponsibility.
In no time, the property market would be flooded with buildings that were previously hoarded
As well as the big stick of punishment, the State might try something softer, at least initially. Realising that people react to incentives, why not incentivise bad owners to sell to good owners who will do something positive with the site? When it comes to vacancy and dilapidation, owners often claim penury, or some legal familial or inheritance dispute to explain why their property is allowed to degrade. So why not issue an amnesty to coax them to sell the properties within a year, after which point a draconian penalty is imposed to make them change their ways.
The council might give these owners a chance to avoid a big fine by giving an amnesty – a last chance to sell. If they sell immediately, they can avoid the fine; if not, the council will come down on them like a fiscal ton of bricks. In no time, the property market would be flooded with buildings that were previously hoarded, driving down prices in the city where prices were, up to recently, thought to be only going upwards.
This is doable at the stroke of a pen with a bit of political courage. Wouldn't it be great if our politicians tried to fix what's right under their noses as opposed to opining on the global picture, which they can do nothing about? As for the CIF, on behalf of your members – the builders of Ireland – have you no shame?

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Prominent businessman loses bid for reporting restrictions on £1bn loan fraud trial
Prominent businessman loses bid for reporting restrictions on £1bn loan fraud trial

Irish Times

time2 hours ago

  • Irish Times

Prominent businessman loses bid for reporting restrictions on £1bn loan fraud trial

A prominent Belfast businessman accused of fraud in relation to a £1 billion (€1.2 billion) loan deal has been unsuccessful in his bid to have reporting restrictions imposed on the trial. Frank Cushnahan has pleaded not guilty to all charges. He had sought to have reporting restrictions put in place during the trial. His co-accused, Ian Coulter, has also pleaded not guilty to all charges. Mr Coulter did not seek to have reporting restrictions applied. The charges against the men relate to the sale of a loan book held by the National Asset Management Agency (Nama), which was set up by the Irish government to deal with toxic property loans after the banking crisis in 2008. READ MORE Mr Cushnahan had sought an order from the court pursuant to section 4 (2) of the Contempt of Court Act 1981, which states that reporting on certain proceedings may be postponed if there is 'a substantial risk of prejudice to the administration of justice in those proceedings'. In dismissing the application, Mr Justice Ian Huddleston of the Crown Court of Northern Ireland said there was 'no substantial risk to the applicant on the facts'. He said there is 'substantial public interest' in the trial. 'The public interest in fair and accurate reporting of criminal trials generally, and the promotion of public confidence in the administration of justice and the rule of law, is something which very much tends to the dismissal of the application,' the judge said. Nama's Northern Ireland loan book was sold to a US investment fund in 2014. Mr Cushnahan, a former member of Nama's Northern Ireland advisory committee, is charged with fraud for allegedly failing to disclose information to Nama between April 1st and November 7th, 2013. Mr Coulter, a solicitor, is alleged to have made a false representation to a law firm on or around September 11th, 2014. He is also charged with making an article in connection with a fraud, namely a £9 million invoice, and two counts of concealing or transferring criminal property on various dates in 2014. Both men are accused of making a false representation to Nama and a law firm in April 2014. They deny all charges. In his written judgment, which was delivered on Wednesday, Mr Justice Huddleston said: 'The application to this court was essentially by way of written submissions made by Mr Cushnahan's counsel as expanded upon orally but acknowledged by him to be unsupported by any evidential basis or other supporting information.' Mr Cushnahan was represented by Frank O'Donoghue KC and Bobbie-Leigh Herdman BL, instructed by Paul Dougan from John J Rice Solicitors. Four media organisations intervened in the case – The Irish Times, RTÉ, BBC and Mediahuis. They were represented by Richard Coghlin KC, instructed by Fergal McGoldrick of Carson McDowell LLP. Jonathan Kinnear KC and Lauren Cheshire BL, instructed by the Public Prosecution Service, supported the media interveners' submissions.

Unions to meet with Wellman examiner to discuss possible sale
Unions to meet with Wellman examiner to discuss possible sale

Irish Times

time2 hours ago

  • Irish Times

Unions to meet with Wellman examiner to discuss possible sale

Unions representing about 200 of the 217 staff at the Wellman recycling plant in Mullagh, Co Cavan will meet with examiner Kieran Wallace of Interpath Advisory on Monday as part of an effort to find a buyer for the facility and prevent job losses. The unions say the plant has considerable untapped potential and safeguarding it and its workforce should be a particular priority for government given its environment significance. Its parent company, Indorama Ventures, says it has lost 'double-digit millions across 2023 and 2024' and needs to be financially restructured. Mr Wallace, of Interpath Advisory was appointed interim examiner on Tuesday. Having opened in 1973 under American ownership, the facility in Mullagh was taken over by Thai based Indorama Ventures in 2011. At one point it employed more than 500 people and the unions claim it has been run down by its current owners. READ MORE The factory recycles plastic bottles and other waste and is capable of producing polyester fibres and other products including car components. Union representatives briefed local TDs on what they believe is the potential of the plant on Thursday evening and hope to persuade the examiner to allow them speak with prospective buyers. A meeting with management is also scheduled for next Wednesday. 'I think the hope would be that Government would take a particular interest is saving the plant given the context of Ireland's recycling policies,' said Michael O'Brien of Unite. 'The examinership did not come as a huge surprise to the people working at Wellman but they are not fatalistic about the situation at all and they want to be involved in the process to find a buyer because they believe they can help highlight its potential.' Indorama, which operates a large network of facilities internationally has cited high energy costs and competition from China and other regions. It has said its board believes the plant 'does have a potential future'. It says, however, that some jobs may be lost during the examinership process and there is concern among the three unions with members there, Siptu and Connect as well as Unite, that the terms offered may fall short of previous voluntary packages. Siptu's Alan Clark said he is optimistic a buyer can be found to take the operation over as a going concern. 'It's a very versatile facility and we certainly believe there is the potential for it to continue.' Despite the number of jobs at the site having reduced over time, Wellman remains a major employer in Cavan and important to the local economy.

European shares finish volatile week on high
European shares finish volatile week on high

Irish Times

time2 hours ago

  • Irish Times

European shares finish volatile week on high

European shares rose for a second straight week, buoyed by robust US employment figures and diminishing concerns over trade friction that had previously rattled investor confidence. The week has been a volatile one for global markets as investors grappled with ever-changing global trade dynamics. US president Donald Trump doubled tariffs on steel and aluminium imports, though the UK received an exemption. But markets are also monitoring whether the public spat between Mr Trump and Tesla chief executive Elon Musk could spill over into broader markets. Dublin READ MORE The Irish Overall Index of shares ended the week slightly higher, adding 0.14 per cent to finish at 11,622. That followed a fresh all-time high reached on Thursday, following the news that the European Central Bank was 'getting to the end' of a rates cycle which has seen eight consecutive cuts. But shares were mixed across the board. While AIB gained over its opening price on Friday, adding 0.2 per cent, Bank of Ireland gave up some of its gains, falling half a per cent. Insurer FBD was flat on the day. It was a similar story for insulation specialist Kingspan, which shed 1 per cent, closing the week at €75.55. The company's shares gave up some of the gains made on Thursday after it announced it would increase its planned investment in the US roofing business to $1 billion over the next five years. Food group Glanbia was 1.1 per cent higher at the close of the session, finishing at €12.64, while Kerry Group was almost 1 per cent lower. In leisure and travel stocks, hotel group Dalata was 1 per cent lower, while Ryanair added 1.76 per cent to end the week at €24.28. London The blue-chip FTSE 100 gained 0.3 per cent, while the more domestically-oriented FTSE 250 ended 0.4 per cent higher. Both indexes clocked firm weekly gains. On the day, heavyweight banks were among the top gainers, with Standard Chartered up 2.9 per cent, HSBC up 1 per cent and Barclays climbing 1.9 per cent. Precious metal miners, the best performing FTSE 350 sector this week, lagged on Friday, clocking a 1.8 per cent decline. Aerospace and defence shares – which jumped earlier this week after Prime Minister Keir Starmer pledged the largest sustained increase in British defence spending since the end of the Cold War – gave some of those gains back, to fall 0.8 per cent. Europe The pan-European Stoxx 600 rose 0.3 per cent on Friday, and logged a 0.6 per cent gain for the week. Market sentiment drew support from the United States' better-than-expected jobs report and signs of easing in the US-China trade relationship. Still, the market was also reminded this week of protectionist fervour. The automotive sector, particularly exposed to tariffs on steel and aluminium imports, bore the brunt, shedding 1.8 per cent over the week. German Chancellor Friedrich Merz indicated he would pursue a deal for duty-free US car imports into Europe in exchange for equivalent tariff waivers on European exports to the United States. Other bourses such as Germany's DAX and France's also recorded a second straight week of gains, while and Spain's IBEX logged its eight consecutive week of advances – its longest in nearly four months. On Friday, the financial sector emerged as the standout performer, propelled by UBS, which rose 3.8 per cent after Swiss authorities proposed more stringent rules that could require an additional $26 billion in core capital reserves for the banking giant. New York Wall Street rebounded on Friday and US Treasury yields jumped as a generally upbeat employment report and a bounce-back in Tesla shares helped put the indexes on track for weekly advances. All three major US stock indexes surged from the starting gate with robust gains, while bitcoin jumped and crude prices touched their highest level since late April. Tesla stock was last up 5.9 per cent. The Dow Jones Industrial Average rose 485.78 points, or 1.15 per cent, to 42,805.52, the S&P 500 rose 66.69 points, or 1.12 per cent, to 6,005.88 and the Nasdaq Composite rose 252.22 points, or 1.31 per cent, to 19,550.67. – Additional reporting: Reuters

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store