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Housing Affordability for Ireland’s Young People in the Context of the Cost of Living: A Long-Term Assessment

Housing Affordability for Ireland’s Young People in the Context of the Cost of Living: A Long-Term Assessment

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Author

Dara Turnbull

Summary

A lack of affordable housing, both rented and mortgaged, remains a significant source of concern for the stability and continued prosperity of the Irish economy. While activity has recovered strongly following the economic downturn, housing supply has not. However, there are other factors at play in rising housing costs, such as the increased ‘financialisation’ of residential property.

Taking these factors into account, this paper assesses access to the housing market for Ireland’s young people over the past 30 years in the wider context of the overall cost of living. The results suggest that accessing housing is significantly more of a financial burden for Ireland’s young people today than was the case for their parents.

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