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Politicians are paralysed by fear of property owners’ revolt

Colm McCarthy


Prices and rents keep rising, yet there is no shortage of land. So is the real issue zoning and nimbyism?

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Housing estate

Housing estate

Housing estate

Affordability is the only issue in housing policy. The number of units built, for purchase or for rent, whether by public authorities or by private sector developers, is irrelevant. Policy targets expressed in units to be constructed are an evasion.

Especially around Dublin and the provincial cities, prices and rents are far too high, prices are beyond the reach of would-be buyers in steady employment and rents absorb a punishing portion of income.

Demand exceeds supply, and the only confirmation that balance has been restored will come whenever purchase prices fall toward construction costs and free market rents decline.


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