Read more: Housing: a review of expenditure trends and social housing need
During the Great Recession and its aftermath, public expenditure on housing fell significantly from €2.2bn in 2008 to a low point of €950m in 2014, a decrease of €1.2bn or 60%. The largest reduction in public spending was in capital expenditure, with total spending decreasing by €1.2bn or 80% from €1.5bn in 2008 to €300m…
Read more: Rise in Housing Supply: Planning, Completions and Purchases
There have been substantial increases in indicators of housing activity in recent years. The number of residential planning approvals increased from almost 1,556 in 2013 to 6,934 in 2017 and to over 12,500 in 2019 (Q4).
Read more: Housing in Ireland: changing trends in headship rates and tenure by age group.
In recent decades, there has been a decrease in home ownership and a substantial increase in renting from a private landlord by those in the younger population age groups. A growing proportion of the younger population are also living at home with their parents.