Dermot O’Leary: Supply situation is worse than widely thought
There is increasing doubt as to whether we have the institutions, agencies and councils that can actually solve the problems in the housing market
Boom. Bust. And boom again. If there is any country in the world that should be fully aware of the cyclical nature of property markets, it is Ireland. Last week’s news flow put paid to any doubts about what phase of the cycle the housing market is currently in, with prices and rents rising at double-digit rates and predictions of further rises to come. To some, it must feel that the clock has been turned...
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