The Irish Times view on State spending on housing: vital to get results

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The Irish Times view on State spending on housing: vital to get results
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Total Government resources directed to the crisis is in excess of €8 billion this year and is set to rise further

puts the figure for 2024 at over €8 billion – and this excludes a couple of areas where precise costs are impossible to estimate. And as various schemes which have commenced in recent years gather pace, further increases in spending are on the way over the next few years.

Both of these questions are important and the forthcoming report of the Commission on Housing will presumably have much of say on them. A particular area of debate is the future of demand supports such as the Help-to-Buy scheme, which do not appear appropriate interventions in a market short of supply, but will still be difficult to end, or phase out.

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