Ireland After NAMA Blog – Ireland Property Crisis

About Ireland after NAMA blog

Ireland after NAMA was established after a one day symposium held in NUI Maynooth, on November 23rd, 2009, entitled ‘Geography after NAMA’. The event, attended mostly by geographers from across Ireland, sought on the one hand to discuss how the financial crisis was playing out at local, regional, national and international scales, and on the other to consider how Geography and social sciences more broadly should respond to the crisis in productive ways.

Ireland after NAMA uses the establishment of the National Assets Management Agency as a symbolic, watershed event in the evolution of the crisis. It therefore does not focus on NAMA per se, though it does provide commentary on the debate, policy and workings of that organisation. Rather it provides an informed analysis of the crisis – its history and its present unfolding – drawing on social science theory and empirical research. In particular, it presents a spatial and scalar reading that acknowledges that how the crisis is playing out is spatially uneven and unequal, affecting parts of the country in different ways, and its grounding in particular communities is the result of processes operating at different scales from the local through to the global; how the crisis is playing out in rural Ireland is quite different to the cities, which is quite different to the commuting belts and the border counties for a variety of reasons.

Over time, our hope is that Ireland after NAMA will become a useful resource of analysis and empirical data for those who wish to understand the tail end of the Celtic Tiger and Ireland’s passage through the present crisis.

Sample Blog

eptember 25, 2012

The Role of Property Tax Incentives in Urban Regeneration and Property Market Failure in Dublin

Posted by irelandafternama under Commentaries | Tags: , , , , |
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New paper by UCD planning folk.  The Role of Property Tax Incentives in Urban Regeneration and Property Market Failure in Dublin by Brendan Williams and Ian Doyle

Property tax incentives or selective waivers have been used extensively in Ireland in the last 25 years to stimulate property development and investment for urban regeneration. This paper investigates their prolonged use and examines their contributory role in the property crash and resulting financial crisis in 2008. Prolonged interventions can result in extensive distortion of property market operations. As a result, interventions aimed at revitalising a failing market become embedded in market processes to the extent that they may contribute to a more general subsequent market failure.  This paper examines the recent experience in the use of tax incentives in urban regeneration in Dublin during the period 1986–2011. The effects of the property- and area-based tax incentive schemes initiated under the Finance Act of 1986 and Urban Renewal Act of 1986 are examined. The paper provides an overview of the benefits, costs, and impacts of the incentives from an urban development market perspective.  The tax schemes are examined in terms of the rationale for their introduction and their effectiveness in operation from the public exchequer perspective. This examination is placed in the context of current debates on urban regeneration and the use of fiscal incentives in an international perspective. In order to gain insight into the specific performance of the incentives in relation to policy objectives, selected interviews were carried out to obtain the opinions of policy makers and planning interests.

Published in Journal of Property Tax Assessment & Administration 9(2): 5-21

PDF: Role of Property Tax Incentives in Dublin

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  • Contributors

    Dr. Delphine Ancien, NUIM

    Brendan Bartley, NUIM

    Prof. Mark Boyle, NUIM

    Dr. Proinnsias Breathnach, NUIM

    Prof. Mary Corcoran, NUIM

    Caroline Creamer, NUIM

    Dr. Declan Curran, DCU

    Prof. Anna Davies, TCD

    Dr. Alistair Fraser, NUIM

    Dr. Mary Gilmartin, NUIM

    Dr Jane Gray, NUIM

    Justin Gleeson, NUIM

    Dr. Sinéad Kelly, NUIM

    Prof. Rob Kitchin, NUIM

    Dr. Philip Lawton, Maastricht University

    Dr. Denis Linehan, UCC

    Dr. Andrew Maclaran, TCD

    Dr. Des McCafferty, Mary Immaculate College, UL

    Dr. Niamh Moore, UCD

    Dr. Enda Murphy, UCD

    Dr. Cian O’Callaghan, NUIM

    Dr. Chris Van Egeraat, NUIM

    Dr. Cormac Walsh, NUIM

About Author Annette J Dunlea Irish Writer

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