Dublin housing is ‘seriously unaffordable’, says new study

A new study by an American property expert has found that Dublin’s housing market is “seriously unaffordable”, with a price-to-income multiple of 4.8 – up 50 per cent from 2011.

The annual Demographia report – compiled by US property expert Wendell Cox – compares Ireland to major nations such as Japan, China and the US. The 2018 edition has found that, overall, Ireland’s median price-to-income multiple is 3.7, which ranks it as “moderately ...