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Killian Woods: State interventions in housing market may do more harm than good

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It looks increasingly like the government has little control over whether its own targets are met, as the private market reacts in negative ways to its attempted solutions

The property industry has urged the government to pull a lot of levers to deal with the housing crisis, warning that inaction will result in missed annual targets.

Last week, the latest play was to pause development levies in order to shave €12,000 off the price of a home. Announcing the move, the Department of Housing said it was “committed and focused” to achieving the target of 29,000 new homes in 2023.

 

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