An Economy that Excludes? Reflections on Ireland’s Housing Crisis
During the Celtic Tiger years it was said that all we spoke about was the price of property. As a nation we had become fixated on it; it dominated conversation. While first-time buyers struggled to get a foot on the property ladder, others saw housing as an investment opportunity, buying multiple units, certain of making a fortune in the process. But all our talk was of property, or so it seemed.
Since then we have endured a housing bubble, a housing market collapse, and now it appears that property prices are gradually returning to their pre-crash levels. Many first-time buyers and young families still find themselves struggling to pay rent or to find the means of meeting mortgage repayments. And so our national conversation about property continues.