Media Coverage
- Must Build Upwards - June 8th
- Hikes over 10% - June 7th
- Housing Crisis - April 27th
- Movers Have Power - May 23rd
- Prices through the roof - May 23th
- Fears of Chaos - May 23rd
- Beware of Meddling - May 23rd
- Canadian Lender - May 21st
- Rate Rise - May 20th
- Against Rate Cap - May 20th
- 50,000 new homes - April 27th
- Demand for Property - April 11th
- Banks on Switching - April 11th
- New Debt Trap - March 26th
- Wrongly Denied Tracker - March 24th
- Credit Union Bid - March 24th
- First increase in lending - March 13th
- Outstrips €50m provision - March 13th
We must build upwards to fix abnormal housing market
New policies are needed to return Ireland's housing market to a normal state.
Cycles are par for the course for housing markets around the world, but Ireland's experience over the last 20 years stands out in particular. Following one of the biggest booms in international history in the 2000s, the biggest bust then ensued. Since 2013, prices have grown strongly, and having accelerated recently, talk is now widespread of a housing boom once again. Given this rollercoaster ride, one could be forgiven for believing that "normal" is an elusive state for the Irish housing market.
Equilibrium is described as a situation whereby housing demand matches supply, resulting in only very moderate price rises, somewhere close to general price rises in the economy overall. This is housing nirvana, but it is an extremely rare occurrence.
Irish Independent View Full Article
