House prices could fall 12% if output increases by 10,000 units, an ESRI paper has found.
House prices could drop by as much as 12% if housing output increases by 10,000 units a year., which found that increasing output would not necessarily lead to significant wage inflation in the construction sector.
"It's a basic fact I suppose that if you do increase the supply of housing, and keep everything else constant, then house prices will fall - there's no doubt about - but this is over quite a long period of time. A general view of construction work on an affordable housing scheme in Dublin. Picture by: PA Images/Alamy
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
House prices could fall 12% if more homes built - ESRIThe Economic and Social Research Institute has found that if housing output was increased by 10,000 units a year, house prices could fall by 12%.
Read more »
12 Glamorous Gifts For Cold Weather Women - The Gloss MagazineFrom inexpensive stocking stuffers like the latest adventure books to splurgeworthy gifts like cosy teddy coats, we’ve rounded up the best outdoor gifts to unwrap:
Read more »
The Explainer: What is happening with inflation and how is it affecting our pockets?PODCAST: What's the story with inflation right now? Economist and research affiliate with the ESRI John Fitzgerald explains in our latest episode
Read more »
Land Development Agency should have power to acquire public and private land, ESRI saysThe ESRI has recommended that the Land Development Agency be given powers to acquire both public and private land for building new housing
Read more »
ESRI urges State to issue more visas to non-EU construction workersThe researchers also warn that the 'highly litigious' nature of the Irish property sector could scupper any moves to give the Land Development Agency rights to acquire private land for housing.
Read more »