Dan O’Brien: What if we asked multinationals to add to the national housing stock?
The multinational sector, which is high-wage and high-value added, is another source of accommodation demand so asking multinationals who seek permits to add to the housing stock is not an unreasonable request
There is not much good news on inflation these days, but there was some last week: house price inflation has slowed to a near halt. In April, it rose by just one tenth of a percentage point over the previous month. There has been a continuous deceleration in month-to-month house price inflation since August of last year, in stark contrast to consumer price inflation, which has been accelerating over the same period.
The stabilisation of ...