A strong economic recovery could be hit by Brexit, but there are also scenarios where Ireland will benefit strongly. Either way, housing issues remain a huge social concern and a potential barrier to economic growth, says TOM DUNNE.
Country star Randy Travis had a song on his 1976 album Full Circle called If It Ain’t One Thing It’s Another, a sentiment which seems appropriate for the construction and property industries when you think about Brexit. A strong recovery from a once-in-a-lifetime crisis may be affected by the decision of the UK to leave the EU. As Jeremy Blackburn, Head of Policy and Parliamentary Affairs for the RICS, says, the only thing that’s certain about Brexit is uncertainty. There could, however, be a favourable upside for property and construction in Ireland if industry relocates out of the UK to Ireland. This must be a prospect. Given the probable timescales for Brexit, it seems likely that the office accommodation needed will come on stream in time and should not be an issue. However, the continuing housing shortage will be a problem, underlying the importance of resolving it.
Housing can be a problem also for students joining surveying courses in Dublin, though it appears that those in other areas of the country are faring a bit better as is pointed out in Colm Quinn’s piece. This increased interest in surveying programmes is very welcome and importantly it is accompanied by an increase in the CAO points levels attained by those joining these programmes. The average for those joining the DIT QS degree this year is 405 points, which means that the profession continues to attract bright students. The news in the Salary and Benefits Report will interest readers and it should help recruitment of the brightest students to surveying programmes in future.