Mark Keenan, Journalist – Independent
“It could be argued that the Irish State has somehow managed these last few years to create the perfect conditions for the almost complete curtailment of new home construction in almost all areas. The curtailment of new home construction is now causing rampant house price inflation all over the country.”
Interestingly while explaining the inflationary and lending pressures Mark Keenan points the finger at Building Control:
“Following one of the biggest property crashes in history after which 60% or more, was knocked off the value of homes, we have also introduced comprehensive building regulations which added €30,000 to the cost of building a home here.”
The above extracts are from an article by Mark Keenan in last Saturday’s Independent titled ‘How Much Is Your House Worth? 2016’ (Link here:) . This is an up-to-the-minute price guide which values all Irish homes but also features the views of 70-plus property professionals on 64 local markets. It shows that the housing shortage is now causing rampant house price inflation all over the country. It has been an inflationary factor in Dublin these last three years, but today through this nationwide survey, we learn just what a problem it’s become in regional towns where rents are now soaring at rates comparable to those in the capital. Now young families in regional towns can’t get houses because they’re competing with Dubliners.
Almost every town is now experiencing a shortage.
“What this means is that we will now require yet another few years of property price inflation for that ground to be made up – to make viable the better homes we are currently not building………….All of the above is why our survey shows how Dublin based families are now heading as far afield as South Kildare and even Monaghan in search of a roof over their heads.”
‘How Much Is Your House Worth? 2016’ (Link here:) .