We’ve had dozens of policies and strategies all feeding into a steadily worsening problem characterised by a widening affordability gap
O’Brien ‘failing’ as Minister for Housing, Doherty saysAccording to the Economic and Social Research Institute , almost 300,000 households, or 54 per cent of households that are renting in the Republic, received some kind of State support to help with the cost of housing in 2020, the main one being HAP Now that house price inflation has been pared back to almost zero on the back of higher interest rates, you can see – more clearly at least – one of the main policy misfires, namely the...
It also comes on the back of the most aggressive sequence of interest rake hikes ever undertaken by the European Central Bank, which should be deflationary. To bridge the affordability gap, governments can in theory do one of two things: lower house prices or bolster wages. There’s another dimension to this. With buy-to-let investors and the Government acquiring about 70 per cent of the stock of new homes coming on stream every year, the impact of demand-side measures such as Help-to-Buy is magnified.
“And therefore the only remaining approach apart from doing nothing – which is probably what they should do, but politically that’s not possible – is to try and boost incomes to allow people to pay the higher prices that are being asked for housing.”
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Dermot Kennedy soaks in the action in Paris as Ireland beat South AfricaThe Irish singer was joined by friends as he soaked in the action in Paris.
Leer más »
Sinead Kennedy debuts baby bump on Today Show as she’s expecting second childThe television presenter announced earlier this summer that she is expecting her second child with her husband Conor Kirwan and will be heading on maternity leave soon
Leer más »
Sinead Kennedy debuts baby bump on TVSinead Kennedy has debuted baby bump on television and she looks absolutely glowing as she returned to our screens.
Leer más »
State will fall short of its housing targets, Sinn Féin claimsLocal authorities, housing bodies and LDA delivered 123 affordable purchase homes in first half of 2023, says Sinn Féin housing spokesman Eoin Ó Broin
Leer más »
PFA contact Jadon Sancho as feud with Man Utd boss Erik ten Hag gets worseJadon Sancho remains out in the cold at Manchester United following his public spat with Erik ten Hag as the PFA get involved in an effort to find a resolution between the pair
Leer más »
After all their interventions, have Irish governments only made the housing crisis worse?We’ve had dozens of policies and strategies all feeding into a steadily worsening problem characterised by a widening affordability gap
Leer más »