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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