Irish housing and the global financial crisis of urbanisation

Abstract

Due to a confluence of consecutive crisis events in Ireland since the global financial crisis of 2008 and under the greatly contracted credit cycle and debt-crisis of the Euro-area, global capital flows into Ireland's built environment, having previously operated to deepen the integration of Ireland's housing market into the neoliberal global financial system, have since switched away from pre-crisis high volume investment levels in Irish residential urbanisation. This has reduced the performance of Ireland's highly financialised housing system as a secondary circuit for the circulation, amplification and accumulation of capital value.