Fiscal incentives and urban regeneration in Dublin

Abstract

Urban development policies have major and immediate impacts on the development and construction processes and have been the subject of major initiatives in recent years particularly in the housing and urban regeneration areas, which are the subject of this paper. Government and policy makers carry out significant market interventions with major market implications on an ongoing basis. Despite the importance of the subject there has been a noticeable lack of evidence-based research in the area. This study in addressing the evolution of policy and its implications hopes to inform the debate on urban regeneration policies in Ireland. From 1986 to 2006 fiscal incentives for urban regeneration have formed a major component of urban development policies. The extent to which such initiatives influence the property market can be gauged from the numbers of completed and ongoing developments, which have benefited from the scheme. This paper focuses on the evolving role of fiscal incentives in urban regeneration, their impact on development and implications for the market of their termination.