The Dublin Housing Crisis
The Dublin housing crisis has caused much pain and anguish for prospective buyers in our nation’s capital, but what exactly is going on? How did it start? How is it affecting people? And what is the government doing to tackle it?
The crisis has its roots in the big economic crash of 2008. Back then, house prices in Ireland, and especially in Dublin, were sky high, and when the global stock market crashed, so did the Irish property market. Homeowners were sent into negative equity, owing more to the banks than their properties were worth. It was a torrid time, but there was one silver lining: houses suddenly looked more affordable.




