Cost Rental Housing – A Model for Ireland?
In the context of significant shortages in accommodation and substantial increases in housing costs in the Republic of Ireland, there has been renewed focus on social housing in Ireland. This conversation has, increasingly, turned towards the construction of social units along lines observed elsewhere in Europe.
This Research inBrief briefly introduces cost rent as a concept. It then goes on to outline the various models of cost rental provision in a number of comparable European jurisdictions. The inBrief concludes with a brief discussion of possible lessons to be drawn from experience – primarily centred on the desirability of unitary markets where cost rental social provison competes with other tenure types. Moving to this system should improve stability within the housing system in the Republic of Ireland as a whole and dampen the negative macroeconomic effects of fluctuations within housing markets.