‘The Housing Fix’ is an Irish Times series exploring solutions to Ireland’s housing crisis – arguably the biggest social and economic issue facing the country and its next government – in the run-up to the general election.
More than a decade after the Republic became home to Europe’s biggest property crash, the housing and property market remains in difficulty. The Central Bank of Ireland estimates the State will need 34,000 new homes a year over the next decade to keep up with demand.
We don’t have precise data yet but only 21,000 were likely to have been completed last year.The mounting pressure on the rental market forced the average rent to spike more than 5 per cent to a record €1,403 across the State in the third quarter of 2019. Meanwhile, the latest figures from the Department of Housing show that 10,448 men, women and children were homeless in November,
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