How many years of salary buys a home in Ireland vs EU?
Housing affordability in Ireland has declined significantly, with home prices rising much faster than salaries over the last three decades. While Ireland has increased its housing supply, it remains expensive compared to other European cities, though more affordable than extreme markets like Amsterdam or Prague.
Why it matters
The widening gap between income and property prices is a major socio-economic issue affecting housing accessibility across Europe.
The house purchasing power of Irish residents has significantly weakened in the last few decades.
The article relies on statistical data from the Central Statistics Office and Deloitte to compare housing markets.
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