The roots of Ireland’s property crisis
Market failure has many causes
DUBLIN has long been a popular destination for foreign tourists, who enjoy its warm pubs, silky beer, Georgian streetscapes and leisurely approach to life. But lately it seems that longer-term visitors have been falling out of love with Ireland’s lively capital.
Last month a survey of 13,000 expatriates put Dublin fifth from bottom of a list of 51 global cities, ranked by quality of life. Their main gripe (as with Paris, which finished two places lower, sandwiched between Riyadh and Jeddah) was not a sudden collapse in the city’s charm, safety or amenity but its high cost of living, and in particular the difficulty of finding somewhere to stay.
This article appeared in the Europe section of the print edition under the headline “In short supply”
From the November 30th 2017 edition
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