Somewhat amazingly, less than a decade after one of the biggest house building booms that any developed economy has probably ever experienced, Ireland is now faced with a considerable shortage of housing.
This either suggests that the demand for housing has boomed over the past decade and soaked up all of the excess supply, or that many of the houses were built in areas where demand does not exist. I suspect it is a lot more of the latter rather than the former.
We are now in a situation where demand for private owner-occupied housing is totally outpacing supply in certain parts of the country; there are long social housing waiting lists all over the country and private rents are spiraling in the face of strong demand and inadequate supply.
Read the full details in the Irish Examiner
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