Avoid direct bailouts for risk-taking gone wrong

The Irish housing bubble has been truly spectacular.

6th September, 2008

The Irish housing bubble has been truly spectacular.

Against a backdrop of ‘normal’ demand, generally reckoned to be about 45,000 units per annum, new construction exceeded this level every year this decade, and by a cumulative 117,000 in the three years 2005 to 2007.

No one knows how big is the backlog of unsold units. Industry estimates put the number in the hands of developers at about 40,000.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago