Recent data shows Ireland is failing to address its housing crisis effectively, with home prices skyrocketing by €200,000 over the last decade. The Consumer Price Index indicates a troubling rise, and housing starts are at their lowest since 2016. Rents have also surged, exceeding €2,000 for the first time. There are concerns that the government's housing targets for 2025 will not be met unless significant progress is made in building new homes. Minister James Browne is exploring ways to fund increased construction, but challenges remain daunting.
The housing crisis policy has become something of Schrodinger's cat; for Government, it is alive; for opposition, it is stone dead.
Average cost of buying a property has soared by €200,000 over the past decade, making homeownership nearly impossible for many.
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