The Clare Champion Clare news, sport, entertainment and local notes
As Budget 2024 looms, it will be delivered against a back-drop of a cost-of-living crises and an imminent general election. Housing provision is undoubtedly the single biggest economic and social issue facing Ireland currently, and as a result, this hot political issue will remain firmly on the government’s agenda, as they frame and fine-tune next Tuesday’s budget. The housing market is in a position of excess demand over supply and is characterised by increasing rents, affordability concerns for first time buyers, and a lack of availability of rental accommodation. These factors combined with thousands of small and medium-sized landlords leaving the rental market have lead to a perfect storm in housing. And Ireland’s strong economic performance, a low four per cent unemployment rate, and a rising population all mean there are high levels of housing demand in both the purchase and rental sectors. Minister for Housing, Darragh O’Brien (FF) has indicated he will consider “efficient and effective” measures to attract …
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