Lack of Housing Affordability a key risk to our National Competitiveness
We recently worked with the Housing Agency on their National Statement of Housing Supply and Demand 2016 (and Outlook for 2017-18).
The Chairman’s Foreword highlights that “we see from recent years that a shortage of affordable market housing in some areas has quickly transferred into pressure in other sectors, particularly the private and social rental sectors, while in other areas housing remains vacant for long periods”.
The lack of housing affordability has repeatedly been highlighted, by the Housing Agency and others, as a key risk to our national competitiveness.
This article from the Irish Examiner (here) highlights the societal impact of this persistent issue that is prevalent in the Irish housing market.
Affordable housing provision for all must continue to be elevated to a national priority.
FAC is presently developing new models around housing affordability having regard to data on disposable income and other variables. Get in touch with us for further information.