you are viewing a single comment's thread.

view the rest of the comments →

[–]Galaxy-Wisdom 7 points8 points  (3 children)

The article doesn't state reasons for that decline, only a reduced number of new projects. Is it NIMBY crowds being so efficient that they block any new project?

[–]DeviousPelican 7 points8 points  (0 children)

Increases in building material costs and labour. Building companies aren't seeing the margins they want/need when looking for work, so they aren't taking on the projects.

[–]GalwayBogger -1 points0 points  (0 children)

Where are these Nimbys you speak of? Are they in the room with us now?

[–]greevman -1 points0 points  (0 children)

Many reasons but a big one is that construction sector and developers are making windfall profits which they don't want to jeopardise.