Thursday 25 May 2017

Government should stick to its guns in house building 'crisis'

Morrissey's describe the Martry Bar as 'a substantial modern purpose built lock-up licensed premises on the Kells Road'
Morrissey's describe the Martry Bar as 'a substantial modern purpose built lock-up licensed premises on the Kells Road'
Richard Curran

Richard Curran

When it comes to building houses in Ireland we always seem to be recovering from a crisis (now), in a crisis (2008-2013) or heading towards a crisis (2003-2007).

Before that, in the good old days when nobody had any money, we had a sort of functioning housing market. Unfortunately, it was based on the principle that you had to scrape and scrounge for years just to buy a house. At least if you couldn't afford one, you might have had a chance of getting a local authority house.

Now that the crisis is over we may be heading towards the worst of all worlds. People have high expectations about being able to buy a house. Central Bank measures to prevent another bubble mean people are saving pretty hard to land a mortgage.

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