Housing supply after the crisis

Gerard Kennedy and Rebecca Stuart
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Gerard Kennedy: Central Bank of Ireland

No 12/EL/16, Economic Letters from Central Bank of Ireland

Abstract: The scarcity of housing units is one of the main issues facing the Irish residential property market at present. Much attention has focussed on the shortage of new home completions, which declined dramatically in the wake of the financial crisis. This Letter draws together information on housing supply in Ireland from a number of sources to place current developments in the context of economic theory and international comparison. In doing so, both the impact of the financial crisis on housing supply, and the more recent introduction of macroprudential measures by the Central Bank are considered.

Date: 2016-11
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Persistent link: https://EconPapers.repec.org/RePEc:cbi:ecolet:12/el/16

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