Housing Crisis Was Predicted a Decade Ago

Housing Crisis Was Predicted a Decade Ago

Author: The Daily News Now! June 8, 2026 Duration: 2:13
Ireland News Today | 2 Min News | The Daily News Now!
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Ten years ago, economist Conall Mac Coille warned Dublin’s housing market was headed for a boiling crisis—back then, the fix was clear: build more homes, not just subsidize buyers. Fast forward, and we’re still stuck in the same cycle: soaring demand, a chronic shortage of 55,000 homes annually, and ballooning government spending on rent and deposit schemes. HAP alone costs 570 million euros this year, while Help to Buy handed out 253 million in tax refunds. Median Dublin home prices now hit 500,000 euros. The real solution? Securing land and rezoning it for housing—before it’s too late.

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