According to the Global Property Guide, an international service set up to aid property investors, Irish home construction costs are the 13th most expensive out of 38 European counties despite experiencing one of the worst ever international property crashes. The high cost of housing in Irish cities particularly is largely explained by:
It is cheaper to buy a property than rent one, due to soaring rents. This reflects the fact that thousands of people are being forced to rent, pushing up the cost. Many of these are reluctant renters who are unable to get on into the property market, experts say.
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