Time to solve and not debate housing crisis
It appears abundantly clear that the Central Bank's mortgage lending rules have taken some of the heat out of the property market. Sales are substantially down in the last quarter, but rising prices remain a serious issue, and one which the Government needs to urgently address.
The problems in our housing market are complex, but well-rehearsed. They essentially centre on the lack of finance available to developers.
A lack of money flowing to the construction sector means projects are not going ahead, fuelling further price increases for even the most modest family-sized homes.