>Taking the Market Out of Irish Housing
Credit crunch, housing market, Ireland, NAMA, recession Comments OffSep 16
>We think we’ve got a problem. I’m in Ireland for the national social housing conference and the mood is sombre. The housing market in Ireland overheated to a quite phenomenal degree, and is now in full-scale retreat. The damage it has caused is what I have been asked here to talk about. Estimates vary, but even the most conservative say that 200,000 surplus flats have been built. Added to Ireland’s already sizeable empty homes problem it means there could be anything up to 400,000 homes standing empty. The quite extraordinary plan to be unveiled by the housing minister here [...]
