Friday 9 December 2016

Even Laurel and Hardy could not have made a finer mess of our housing crisis

Published 08/03/2016 | 02:30

The value of the average deposit for a Dublin buyer has risen by 38pc in a year. Stock image
The value of the average deposit for a Dublin buyer has risen by 38pc in a year. Stock image

Our housing system has become even more dysfunctional. There are at least three tiers of trapped people, and nobody can move between these layers.

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Pressure is mounting in the housing market and is unlikely to be relieved for at least two years. We have now reached the point where we need a dedicated housing minister at the Cabinet table in the next government, whatever arrangement of parties make it up.

This could work much like the splitting up of the old Department of Finance in the outgoing Government. The new minister could be based in Environment, but have a dedicated and specialist staff to prioritise dealing with the crisis. And it certainly is a crisis.

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