Housing

Tighter regulation of land market needed to bring down house prices - ESRI

Group has called on the government to develop further measures to reduce the impact of land speculation on residential property prices

The ESRI report said the impact of private developers in Ireland, Northern Ireland and the UK on land market is “somewhat idiosyncratic compared to European housing models”. Picture: Getty

Greater regulation of the Irish land market is required in order to reduce house prices, the Economic and Social Research Institute (ESRI) has said.

The government has recently devised new taxes in a bid to address land speculation in Ireland and prevent owners from sitting on sites that could be used for housing.

A new report from the ESRI has called on the Irish government to develop further measures to reduce the impact of land ...