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
2
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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