The University of Dublin | Trinity College -- Ollscoil Átha Cliath | Coláiste na Tríonóide
Trinity's Access to Research Archive
Home :: Log In :: Submit :: Alerts ::

TARA >
JSSISI: Journal of The Statistical and Social Inquiry Society of Ireland, 1847- >
Archive JSSISI: 1847- Complete Collection >

Please use this identifier to cite or link to this item: http://hdl.handle.net/2262/8798

Title: The Irish housing market: issues and prospects
Other Titles: Symposium on the Irish housing market: issues and prospects
Author: Duffy, David
Keywords: Home ownership
Housing market
Affordability
Issue Date: 2005
Publisher: Statistical and Social Inquiry Society of Ireland
Citation: Duffy, David. 'Symposium on the Irish housing market: issues and prospects'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. XXXIV, 2004/2005, pp93-103
Series/Report no.: Journal of The Statistical and Social Inquiry Society of Ireland
Vol. XXXIV 2004/2005
Abstract: The housing sector represents an important micro-economic and macro-economic component of the Irish economy. At a micro level purchasing a dwelling is probably the biggest personal financial commitment an individual will make. The necessary funding is usually borrowed over a long time period. Borrowing constraints mean that the full purchase price of the dwelling cannot typically be borrowed. Mortgage repayment can represent a significant proportion of after tax income. Expenditure by the personal sector on housing and household equipment and operation represents around a quarter of the value of personal consumption. The performance of the housing sector is also important for the macro-economy. The substantial increase in housing output means that investment in new house building now accounts for 30 per cent of overall investment volumes and has made a significant contribution to the volume of economic growth in recent years. Construction employment, at over 204,000 in 2004, now accounts for around 11.7 per cent of total employment. Figures from the latest Quarterly National Household Survey show that much of the increase in employment in 2004 is accounted for by the construction sector. Section 1 provides an overview of recent trends in some housing market indicators. Section 2 discusses the impact of these recent developments on the affordability. Section 3 examines the consequences of high house prices for migration. Section 4 provides an analysis of the growth in housing output and the consequences for the Irish economy. Section 5 concludes.
Description: Read before the Society, 14 April 2005
URI: http://hdl.handle.net/2262/8798
ISSN: 00814776
Appears in Collections:Archive JSSISI: 1847- Complete Collection
JSSISI: 2004 to 2005, Vol. XXXIV, 158th Session

Files in This Item:

File Description SizeFormat
JssisiVolXXXIV93_103.pdf87.26 kBAdobe PDFView/Open


This item is protected by original copyright


Please note: There is a known bug in some browsers that causes an error when a user tries to view large pdf file within the browser window. If you receive the message "The file is damaged and could not be repaired", please try one of the solutions linked below based on the browser you are using.

Items in TARA are protected by copyright, with all rights reserved, unless otherwise indicated.

 

Valid XHTML 1.0! DSpace Software Copyright © 2002-2010  Duraspace - Feedback