PwC and Urban Land Institute study notes issues with infrastructure and planning laws hurting Dublin’s status
Dublin slipped to 17th place for potential investment and development in a ranking of 30 cities across Europe, according to a new study. It dropped from 13th position in the previous report. Audit partner on the real estate team at PwC Joanne Kelly said the reasons for Dublin falling down the list could be separated into two categories. “The infrastructure deficit is beginning to bite,” she said, listing the lack of housing, energy and water infrastructure as key issues.
More than 70 per cent of respondents highlighted the environment as a key concern in the coming year. Some 72 per cent of people said climate change would be a concern for them in the next five years. To help tackle ESG concerns, Ms Kelly said the industry planned to repurpose buildings, such as turning old office buildings into redeveloped ESG-compliant establishments.