As far back as the 2000s, Irish governments have been warned about the potential inflationary impact of introducing demand-side measures in a supply-pinched market. Imagine if Irish governments over the past 20 years had decided not to intervene in the property market other than to provide social housing.
Imagine if we’d had no tax breaks for developers, no Help to Buy schemes (there are currently three on the go), no rent supports, and no major overhaul of the regulations to make building apartments easier (done for the benefit of foreign investors