Dubliners can be forgiven in thinking that successive Governments and state bodies like to see them getting the short end of the stick when it comes to housing and property policy.
The latest blow to city dwellers – who currently suffer the highest house prices in the country along with the highest residential property tax and the most prohibitive rents – is the hardest edge of the new loan restriction measures about to be announced by the Central Bank.
With 20pc deposits now required for properties over €220,000, the measure will most drastically affect the chances of the capital’s average first-time buyer of acquiring a family-sized home.
At a time when there has seldom been a bigger gap between Dublin prices and those elsewhere, fairly ordinary Dublin semis average between €300,000 and €400,000 – placing them firmly in the top 20pc deposit range.
On the purchase of a home for €300,000, it means €46,000 as opposed to €30,000 and at least a year or two more of savings for an average couple.
It means rents can only rise again in Dublin as those on the verge of purchasing must remain in rented accommodation. Last year figures showed that Dubliners paid twice as much rent as their regional counterparts.
Figures released this week showed that rents have since risen faster again in Dublin – by 20pc compared with 14pc nationally.
With foreign investment funds now purchasing private homes in Dublin on the back of soaring rents and high yields, the Central Bank has simply increased the chance of young Dublin couples becoming trapped in rental accommodation, paying more in rent than they would have for the mortgages they have just lost out on.
Their chances of saving the additional money will diminish as rents continue to rise.
In rural areas where family homes cost below €220,000, there will be almost no effect at all.
Meantime the increases in Dublin property prices experienced over the past three years mean that the 30pc of the population living in the capital is set to pay more than half of the country’s total LRPT take once the valuations are revised next year.
The last time we had a property tax Dubliners paid 70pc.
The popular cry outside the capital by rural politicans is “Dublin gets everything.”
And it certainly does when it comes to the sharp end of Irish national housing and property tax policies.