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Procyclical Social Housing and the Crisis of Irish Housing Policy: Marketization, Social Housing, and the Property Boom and Bust

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  • Michael Byrne
  • Michelle Norris

Abstract

This article analyzes the role of social housing in Ireland’s property bubble and its experience of the global financial crisis. The article argues that over recent decades social housing has been transformed from a countercyclical measure which counterbalances the market into a procyclical measure which fuelled Ireland’s housing boom. The reform of social housing financing and acquisition mechanisms has embedded social housing in the boom/bust dynamics of the private housing system. Analyzing the shifting relationship between social and private housing is crucial to understanding the role of housing policy in Ireland’s property bubble as well as the current housing crisis. Despite being caused by problems in the private housing and financial systems, the crisis has had very negative consequences for social housing, thus producing a crisis across the housing system as a whole.

Suggested Citation

  • Michael Byrne & Michelle Norris, 2018. "Procyclical Social Housing and the Crisis of Irish Housing Policy: Marketization, Social Housing, and the Property Boom and Bust," Housing Policy Debate, Taylor & Francis Journals, vol. 28(1), pages 50-63, January.
    • Handle: RePEc:taf:houspd:v:28:y:2018:i:1:p:50-63
    DOI: 10.1080/10511482.2016.1257999
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    References listed on IDEAS

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    1. Niamh Hardiman & Muiris MacCarthaigh, 2013. "How Governments Retrench In Crisis: The Case of Ireland," Working Papers 201315, Geary Institute, University College Dublin.
    2. Colm McCarthy, 2012. "Ireland’s European crisis : staying solvent in the Eurozone," Working Papers 201202, School of Economics, University College Dublin.
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    Cited by:

    1. Michelle Norris & Aideen Hayden, 2018. "Funding Council Housing Provision, Management and Maintenance: An analysis of the financial sustainability of local authority provided social housing," Working Papers 201822, Geary Institute, University College Dublin.
    2. Cian O’Callaghan & Pauline McGuirk, 2021. "Situating financialisation in the geographies of neoliberal housing restructuring: reflections from Ireland and Australia," Environment and Planning A, , vol. 53(4), pages 809-827, June.
    3. Michael Byrne, 2019. "The financialization of housing and the growth of the private rental sector in Ireland, the UK and Spain," Working Papers 201902, Geary Institute, University College Dublin.
    4. Cesare Di Feliciantonio & Cian O’Callaghan, 2020. "Struggles over property in the ‘post-political’ era: Notes on the political from Rome and Dublin," Environment and Planning C, , vol. 38(2), pages 195-213, March.
    5. Lima, Valesca, 2018. "Delivering Social Housing: An Overview of the Housing Crisis in Dublin," MPRA Paper 88380, University Library of Munich, Germany.
    6. Julia Jansen-van Vuuren & Hibo Rijal & Nicole Bobbette & Rosemary Lysaght & Terry Krupa & Daniella Aguilar, 2024. "Exploring the Connection between Social Housing and Employment: A Scoping Review," IJERPH, MDPI, vol. 21(9), pages 1-28, September.
    7. Umfreville Paul & Sirr Lorcan, 2020. "Reform and policymaking: Theory and practice in the Irish housing context," Administration, Sciendo, vol. 68(4), pages 215-236, December.
    8. Lima, Valesca, 2018. "Delivering Social Housing: An Overview of the Housing Crisis in Dublin," SocArXiv ev35x, Center for Open Science.
    9. Sander van Lanen, 2021. "Imagining a future in the austerity city: Anticipated futures and the formation of neoliberal subjectivities of youth in Ireland," Environment and Planning A, , vol. 53(8), pages 2033-2049, November.
    10. Michael Byrne & Michelle Norris, 2022. "Housing market financialization, neoliberalism and everyday retrenchment of social housing," Environment and Planning A, , vol. 54(1), pages 182-198, February.

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