Friday December 6, 2019

A market in need of resuscitation

Why is it that, despite the demand for rental accommodation, the Irish property market remains unresponsive?

2nd August, 2015
There should be more properties to let in Ireland Picture: istock

Crisis may seem like a dramatic word, but we are certainly in the midst of a chronic shortage of property to rent, especially in the urban centres.

It seems we bounce from one calamity to another in the housing market. Undoubtedly, it is a complex market, yet as soon as the 2011 Census was published, the current supply shortage was entirely predicable.

Our population had expanded by more than 8 per cent in the preceding five...

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