Economist identifies impacts of housing crisis in RE/MAX market report – Mayo Advertiser

Impending changes to Ireland’s corporation tax code means Ireland will have to increasingly compete for foreign direct investment.

National competitiveness also relies on sustaining an economic model where inward migration is essential, according to a new RE/MAX Housing Market Report, produced by economist Jim Power for the independent Irish real estate group.

The availability of an abundant supply of high-quality housing, to rent or purchase at affordable prices, is therefore an essential pre-requisite for economic success and social solidarity, the economist concludes.

“Securing FDI on the basis of non-tax attributes means adequate housing will have to be a key part of Ireland’s overall offering. However, in the short-term, our current lack of affordable quality housing to rent or buy will make it more difficult to attract MNCs here,” Mr Power stated.

Abundant supply of high-quality housing is a necessary condition for labour mobility within a country and between countries. For

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