Monday February 17, 2020

Plotting a route out of Ireland’s housing crisis

Property Summit 2016 hears new proposals that could pay off

11th December, 2016
18
Iain Finnegan, Finnegan Menton; Tina Marie O’Neill, The Sunday Business Post; Simon Coveney, Minister for Housing; and Michael Walsh, ByrneWallace

But the evidence, he said, suggests that much of the effect can be to increase speculation and the hoarding of development land, something that has been a feature of Ireland’s property sector since the 1960s.

Across the Irish Sea, a Help to Buy scheme has “ultimately failed” due to supply constraints on British homebuilding, Davy’s chief economist Conall MacCoille told the summit. And there is concern that it was a factor in the...

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