Building to a crisis: Fixing the Irish housing model –

The arrival of six new junior infants students – the very first in the Cherrywood Educate Together National School – was a welcome sign of hope in difficult times last week.

he new school, opened in advance of the first residents in the new south Dublin development, will ultimately cater for a projected population of 25,000, bigger than most regional towns.

When the first new residents do turn the key in the door of their new apartments, currently being built at Cherrywood Town Centre by US real estate giant Hines, it will for them be a moment of great personal satisfaction.

They will have saved huge deposits, negotiated government help-to-buy schemes and sacrificed guilty pleasures to satisfy inquisitive mortgage lenders. They will have battled successfully through the worst housing crisis in modern Irish history, that started with a massive crash more than a decade ago with its ensuing negative equity

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