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Quality of Life in IrelandThe Housing Boom

Quality of Life in Ireland: The Housing Boom [The boom in the Irish housing market began in 1994 and has yet to run its course. Having been born with the Celtic Tiger, it is often taken as emblematic of the social and economic transformation that has happened since the mid-1990s. Surging house prices and expanding residential construction are not unique to Ireland over the past decade but have spread through much of the developed world, including many economies that have a weaker demographic and economic performance than Ireland. Thus the housing boom in this country is but a local variant of a wider international phenomenon. The Irish variant has indeed been bigger than elsewhere but the fundamentals that are driving it, such as the growing population, the rapidly expanding economy and the competitive mortgage market, have also been stronger, so that the Irish experience is in many respects no more difficult to account for than that of other countries.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Quality of Life in IrelandThe Housing Boom

Part of the Social Indicators Research Series Book Series (volume 32)
Editors: Fahey, Tony; Russell, Helen; Whelan, Christopher T.
Fahey, Tony; Duffy, David
Quality of Life in Ireland — Jan 1, 2007
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15 pages

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Publisher
Springer Netherlands
Copyright
© Springer Science+Business Media B.V. 2007
ISBN
978-1-4020-6980-2
Pages
123 –138
DOI
10.1007/978-1-4020-6981-9_8
Publisher site
See Chapter on Publisher Site

Abstract

[The boom in the Irish housing market began in 1994 and has yet to run its course. Having been born with the Celtic Tiger, it is often taken as emblematic of the social and economic transformation that has happened since the mid-1990s. Surging house prices and expanding residential construction are not unique to Ireland over the past decade but have spread through much of the developed world, including many economies that have a weaker demographic and economic performance than Ireland. Thus the housing boom in this country is but a local variant of a wider international phenomenon. The Irish variant has indeed been bigger than elsewhere but the fundamentals that are driving it, such as the growing population, the rapidly expanding economy and the competitive mortgage market, have also been stronger, so that the Irish experience is in many respects no more difficult to account for than that of other countries.]

Published: Jan 1, 2007

Keywords: Interest Rate; House Price; Household Expenditure; Social Housing; Housing Wealth

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