jm + rent + housing   1

Rents dwarf Celtic Tiger era with ‘disastrous effect’ on society

“The scale of the challenge here remains depressing,” says the report. “It has never been viable to build apartment blocks in the vast majority of this country.” [...] The report notes that the rise in living costs of almost three quarters in less than five years is “a symptom of strong demand for housing” as economic recovery continues and the population grows.
“But there is nothing inevitable about housing costs rising with demand,” it says. “That only happens when supply fails to respond, and the complete absence of any meaningful level of construction over the past five years is a systemic failure in desperate need of policy solutions.
“There is no more urgent task facing the Minister for Housing, his department and advisers, and the Housing Agency, than understanding why the costs of building, and building apartments in particular, is so dramatically out of line with our own incomes and indeed with the cost in other countries.”
daft  housing  ireland  fail  homes  rent  building 
november 2016 by jm

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