The current failures of the housing system are most acute in the private rental sector. The residual was picked up by the private rental sector where the standard determinants of supply and demand play a more prevalent role. In the aftermath of the 2008 crash, the private rent component of the Consumer Price Index fell by around 25%. Ireland’s housing system needs to provide housing for those whose incomes are insufficient to purchase or rent privately. The housing system needs to provide housing for those who wish to rent and in dwellings suitable to their desired household composition.

Source: Irish Examiner December 29, 2021 01:50 UTC