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The Housing System And The Celtic Tiger: The State Response To A Housing Crisis Of Affordability And Access

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  • Clodagh Memery

Abstract

The exceptional economic growth in the Republic of Ireland in the 1990s, which has led to Ireland's description as the 'Celtic Tiger', has been paralleled by rapidly rising house prices, increased waiting lists for social housing provision, rapidly rising rent levels in the largely unregulated private rented sector and subsequent increases in homelessness throughout the 1990s. Consequently Ireland has a crisis of housing affordability and access for many households on low to average incomes or benefit dependent. This paper sets the context for economic growth in Ireland, and then examines how the lack of planning for housing provision in a period of sustained economic growth has assisted in creating the current housing crisis. Particular focus is paid to the State's response to the housing crisis from 1997 to 2000 when a plethora of fiscal steps were taken in relation to the housing market which fuelled the boom further. These fiscal policies are examined in light of the impact of Ireland's entry into Economic and Monetary Union (EMU) and the Irish political environment which leads government to take short-term populist steps, which quickly cause further house price increases. The State response to the demand for affordable accommodation is also examined and questions are raised regarding the approach and the ability to deliver the required housing. Overall the lack of coherent understanding of the operation of the Irish housing system by the State, calls into question how long economic growth can continue whilst Irish housing creaks under the strain across all tenures.

Suggested Citation

  • Clodagh Memery, 2001. "The Housing System And The Celtic Tiger: The State Response To A Housing Crisis Of Affordability And Access," European Journal of Housing Policy, Taylor and Francis Journals, vol. 1(1), pages 79-104.
  • Handle: RePEc:taf:eurjhp:v:1:y:2001:i:1:p:79-104
    DOI: 10.1080/14616710110036445
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    1. L. Wade, 1988. "Review," Public Choice, Springer, vol. 58(1), pages 99-100, July.
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    Cited by:

    1. Mark Stephens, 2003. "Globalisation and Housing Finance Systems in Advanced and Transition Economies," Urban Studies, Urban Studies Journal Limited, vol. 40(5-6), pages 1011-1026, May.
    2. Kang, Hsin-Hong & Liu, Shu-Bing, 2014. "The impact of the 2008 financial crisis on housing prices in China and Taiwan: A quantile regression analysis," Economic Modelling, Elsevier, vol. 42(C), pages 356-362.
    3. Mualam, Nir, 2018. "Playing with Supertankers: Centralization in Land Use Planning in Israel — A National Experiment Underway," Land Use Policy, Elsevier, vol. 75(C), pages 269-283.
    4. I-Chun Tsai, 2012. "Housing Supply, Demand and Price: Construction Cost, Rental Price and House Price Indices," Asian Economic Journal, East Asian Economic Association, vol. 26(4), pages 381-396, December.
    5. Tsai, I-Chun, 2019. "Relationships among regional housing markets: Evidence on adjustments of housing burden," Economic Modelling, Elsevier, vol. 78(C), pages 309-318.
    6. I-Chun Tsai & Chien-Wen Peng, 2012. "A panel data analysis for housing affordability in Taiwan," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 36(2), pages 335-350, April.
    7. Declan Redmond, 2001. "Policy Review Social Housing In Ireland: Under New Management?," European Journal of Housing Policy, Taylor and Francis Journals, vol. 1(2), pages 291-306.

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