Share prices of building companies are falling as demand for housing soars, exposing the frailty of our dysfunctional property market

Share prices of building companies are falling as demand for housing soars, exposing the frailty of our dysfunctional property market

Last weekend, Cairn Homes, Ireland’s biggest housebuilder, published a 47-page presentation on its website with quite a lot of details on the challenges and opportunities in the Irish housing market.

It’s a glossy publication, with plenty of photos of real-life Irish families getting their dream home. There’s also a helpful commentary on the growth of mortgage lending provided by AIB, and one on the cost of construction in Ireland by an external consulting firm....

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