Is it possible to make housing in Ireland more affordable?

Right now, the policy focus in this country appears to be on helping people to pay for unaffordable accommodation

Ireland has one of the largest gaps in home ownership rates between young and old people. An ESRI report on the matter estimated that individuals in the 25 to 34 year old age bracket have a far lower likelihood of home ownership in the future than their older counterparts. The reason provided for this in the report is that the 25 to 34 year old generation's life-cycle earning prospects are unlikely to outpace the growth in house prices.

From RTÉ Radio 1's Today with Claire Byrne, Irish Independent Personal Finance Editor Charlie Weston on Irish house prices We also seem to have an issue with the standard of accommodation that we provide and the preferences of citizens. As many as one in five offers of social housing are turned down in Cork due to issues like lack of garden space or bedroom size. This means we have issues with providing accommodation and the quality of the accommodation that we provide.

In Ireland, a lot of policy is focused on demand-side factors to help people afford to buy a house. Some current measures which look to help aspiring home owners include the First Home Scheme where the Government and a bank will pay 30% of the cost of a new home.

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