Economic policy issues in the Irish housing market

Thomas Conefrey, Fergal McCann and Martin O'Brien
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Thomas Conefrey: Central Bank of Ireland
Fergal McCann: Central Bank of Ireland
Martin O'Brien: Central Bank of Ireland

Quarterly Bulletin Articles, 2024, 68-119

Abstract: The capacity of housing supply to meet underlying demographic needs is a key driver of sustainable growth in living standards. Following the Global Financial Crisis, the Irish housing market has been subject to more than a decade of under-supply. Over this period, house price and rental growth have outstripped income growth, stretching affordability. While these challenges have a global dimension, housing output as a share of national income here has been significantly below the euro area average for a prolonged period.

Date: 2024-09
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Persistent link: https://EconPapers.repec.org/RePEc:cbi:qtbart:y:2024:m:09:p:66-119

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