Kieran Coughlan: First time buyers priced out in dysfunctional housing market

The tax strategy group has published a paper on taxation policy and housing.

Looking at the metrics of house prices and house rents, it’s clear that the uplift in demand for houses is significant.

Dublin prices have increased 45% from the trough to the current level, while outside of Dublin, prices are up about 16% from when they bottomed out.