Wednesday 20 September 2017

Six ways to break down barriers in our housing market and build more homes

State is not acting quickly enough to ensure housing supply meets demand
State is not acting quickly enough to ensure housing supply meets demand

Peter Stafford

All the evidence suggests that demand for housing in certain parts of the country, especially Dublin, is growing. As a result, house prices are rising rapidly.

Yet the creation of housing supply is not following demand. This presents something of a conundrum.

In any normal market, when demand surges, supply increases rapidly to meet it. As in the boom, where demand outstripped supply leading to a substantial overhang, Ireland seems once again to be unable to balance the two.

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