Proposed Study Examine the behavioural or attitudinal aspects that underpin this problem of neglect of Buildings by some property owners How can such attitudes and behaviours be changed? International comparisons? Case study of a particular Street Models of Good Practice Aim to publish (first phase) in 3 months Follows on from Vacant Land Levy report
Behavioural Economics “A price causing a behavioural change – basic economics.” Commercial building occupied: 100% Rates Vacant commercial building: 50% rates Vacant commercial buildings not capable of beneficial use: no Rates Incentivizes property owner's to render their buildings unusable by removing e.g. lifts etc?
Commission on Taxation (2009) Rates Recommendation “That the Rates relief on vacant buildings, … is time-limited so as not to encourage the owner of premises to allow it to become dilapidated” International Comparisons?
The Benefits of Public Information Openness, Transparency, Accountability Easily accessible public information on ‘who owns what’ could be a great incentive to property owners to act responsibly Aim is a behavioural shift, to ‘nudge’ property owners into a mind-set that it is their responsibility to properly look after their buildings
The Benefits of Public Information New OPW online property register for public buildings and land will be in place by March 2014. “so that the public can see “for the first time what we own [and] where we own it” A model of good practice
The Benefits of Public Information Property Registration Authority. Information on property ownership: more easily accessible? http://www.landirect.ie/eng/ Derelict Sites Register is available on www.dublincity.ie and www.dublinked.ie www.dublincity.ie
Civic Responsibilities Thomas Street: many dilapidated buildings that blight the street, On the other hand … The Thomas Street Business Association and others Volunteering ‘Street Ambassadors’
Lord Mayor Oisín Quinn and City Council supports Thomas Street initiative
Responsible Property Ownership: Before Digital Hub Makes Improvements 8 Thomas Street7 Thomas Street
Tom Dunne, Head of School of Real Estate, DIT “I would imagine that this is being done to enhance the attractiveness of the blocks that have already been built. A good motivation and this elegantly makes the point that derelict sites depreciate the value of surrounding properties. Clearly the receiver thinks it worthwhile to spend money ameliorating the visual effects …..”