Housing, or rather the lack of it and the disproportionate, life-draining cost of it, was the decisive issue for voters under 35 in last month’s election, just as it was for some of their parents and grandparents.
The boss of one of the State's largest house builders -- stock market-listed Glenveagh Properties -- has called for a raft of incentives to boost supply and predicts that, at best, the industry will build only 23,000 homes this year.
Irish shares and Government bond yields fell today as a political manoeuvre by UK prime minister Boris Johnson was seen as boosting the chances of a crash-out Brexit at Halloween and an early British election.
Shares in Glenveagh Properties, one of the largest housebuilders in the State, slid by as much as 7% after it announced its chief executive has quit and said that the gap between supply and demand in the Irish housing market is likely to persist "for some years".
Shares in Glenveagh Properties — one of the two stockmarket-listed home builders that have included Cork, Limerick, and Galway in their build plans — rose slightly as the company told its annual shareholders’ meeting it had effectively hit its full-year sales target seven months early.