"Ireland is in the midst of an intergenerational housing crisis that has actually spanned 30 years, with the root of it being how we do rezoning and land management."
"Since 1996, the only time that homes were relatively affordable in Ireland were in those years following the property crash, but banks weren't giving out mortgages to people to buy them."
The LDA's mission to manage development pipelines and enhance housing affordability in Ireland began with state land development. Despite an approved budget of €2.5bn over eight years, significant progress remains elusive. Ireland is experiencing a prolonged housing crisis, rooted in ineffective rezoning and land management strategies. Historically, homes were only affordable after the property crash in 1996, but banks' reluctance to issue mortgages perpetuated the crisis, indicating a complex interplay of factors affecting housing availability.
Read at Independent
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