Have we long since passed the point where a decent home is available to all but a select few in this country?
Increases in Ireland’s house prices have vastly outstripped any rise in wages seen over the past 10 years, according to government statistics.
Two new reports by the Parliamentary Budget Office, the Oireachtas’ independent economic analysis arm, show that average house prices doubled from €153,000 to €305,000 between 2013 and 2022.
However, at the same time, the median salary of a single person increased by 26% from €33,000 to €41,800, while the income of couples increased from €66,100 to €83,600.
To discuss this further, Alan Morrissey was joined by Diarmuid McMahon, from Sherry Fitzgerald McMahon in Ennis.
You can listen to the full interview below.
