Interesting to see that Michael Lohan, the new CEO of IDA Ireland, had to address the #IrishHousingCrisis during his recent #Bloomberg interview.
The problem is now on the global journalism radar. Will the latest shift in #Irish government policy love the needle quickly enough to avoid an adverse #FDI impact
2) Good article from #RTE detailing the current state of the #IrishHousing market. It seems likely that pricing has hit stall speed with the end of #COVID and the increase in inflation rates
IMHO, an increase in #housing affordability however is unlikely unless the number of units constructed is dramatically increased from ~30k units. I’ve seen various estimates in the past year which range from 40k to 62k.
#Mastodaoine #IrishHousingCrisis #IrishEconomy
https://www.rte.ie/brainstorm/2023/0427/1378859-ireland-europe-housing-market-analysis-spring-2023/
3) This is one of the many truly awful realities of the #IrishHousingCrisis.
‘I’m 78, and by the end of this month I will be homeless’
4) The cost of #SocialHousing construction is dramatically higher then elsewhere in the country. Some of this cost is attributable to greater complexity of bid process by private sector builders competing for construction contracts
How to get value for tax payer money?
5) Disappointing numbers on #housing completions in Ireland reported by the @CSOIreland
While there has been some tepid growth in the top line number, this is not the kind of shift one would hope for. The #Irish government’s efforts to address the #HousingCrisis is yet to move the statistical needle in a meaningful way
Martin Nutty
