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Macroeconomics is more complicated than that. Basically the property market overheated and crashed in a big way less than a decade ago, with lingering industry-

• arethuza 10y ago
  That first article says that the Irish government has introduced rent controls. Hardly surprising if there are controls over what people can charge that there is a lack of properties to rent?
  • trusche 10y ago
    It was actually the other way round. The very modest rent controls, hardly deserving that name, were introcuded after the lack of properties led to the rent explosion.
    • arethuza 10y ago
      Fair enough, I was just curious how Dublin compares with here in Edinburgh which does have a focus on flats (at least here in the centre in the Old & New Towns) and which has had a lot of apartment development recently on brown field sites (former breweries, hospitals, docks etc.). Edinburgh also has vast amounts of visitors and students and I've never heard much grumbling.