housingcrisis
Earlier this month, Dublin made international headlines. In the heart of the city, an encampment had sprung up along Mount Street, just outside the state's International Protection Office. For several months, the tents had been occupied by asylum seekers. Nigerians, Afghanis, Pakistanis - among others - had illegally pitched up, sleeping rough due to a lack of alternative accommodation. Just after dawn on the 1 May, the police moved in to dismantle the encampment. According to the government, almost 300 unaccompanied men were moved from Mount Street to Citywest and Crooksling - also in County ...
Euronews (English)
Europe faces a deepening housing crisis, with severe shortages and escalating rental prices. Vacant properties and second homes present another dimension to this issue. In England, there were 1.5 million unoccupied dwellings in 2021, accounting for 5.4% of all housing units such as houses or flats, according to ONS estimates. Paying extra council tax (a "premium") for empty houses has already been implemented in a number of local councils for a decade, although the rules vary. The strengthened empty homes premium came into effect in April. It now applies for properties that have been empty and...
Euronews (English)
The housing crisis is a growing concern across Europe, marked by shortages and escalating rents. Approximately 70% of EU residents own their homes, while the remaining 30% rent. About 17% of the EU population lives in overcrowded conditions. In Europe, the housing landscape is varied, with a significant divide between homeowners and renters. In eight out of 36 European countries, more than 90% of the population lived in their own homes in 2022 according to Eurostat. Over half of the population rents in Germany and SwitzerlandIn Germany, the proportion of renters exceeded 50% in 2022, making it...
Euronews (English)
Improving competitiveness (better conditions for businesses), cutting bureaucracy, protecting jobs and supporting the green transition are just a few of the key pledges from the party groups ahead of the European Parliament elections taking place 6-9 June. Turning on the economic growth engine in the continent for the next five years appears to be a complicated task. The current output is little more than zero and the outlook for the next years appears to be stark, according to the IMF which states: "Europe's medium-term growth prospects have been declining for some time." The last five years ...
Euronews (English)
Year-on-year residential property prices in Ireland have continued to accelerate, according to the country's Central Statistics Office (CSO). The national Residential Property Price Index (RPPI) recorded an annual rise of 6.1% in the 12 months leading up to February 2024. Prices in Dublin climbed by 5.6%, while areas outside the capital saw an even higher rise of 6.5%. Last month, the Economic and Social Research Institute warned the Oireachtas Committee on Budgetary Oversight that Ireland's property prices were likely to continue rising in the near future, because of both low investment and a...
Euronews (English)
Several western European countries have seen their citizens' satisfaction with public services falling since 2011, according to a survey by Gallup. The UK suffered by far the largest fall on Gallup's Community Basics Index, from 79 to 67 out of a possible 100 points – followed by countries such as Ireland (76 to 70), Germany (79 to 73), and Luxembourg. Yet other countries' numbers either held steady or increased slightly. France and the Netherlands stalled at 70 and 76 respectively, while Belgium increased from 69 to 71 and Austria from 78 to 79. The survey tracks public perception of basic co...
Euronews (English)
The housing shortage in Ireland means that up to 58,000 new units are going to be needed in Ireland each year between now and 2027, according to estate agents Knight Frank and reported by RTE and the Irish Times. The number rises even further, to almost 62,000, when taking into account another 4,000 spaces needed for students, said the group. Of the 58,000 annual total, the report says, 32,000 properties should be for first time buyers or families while some 10,000 homes will be needed annually for those aged 75 and over. The report says 9,000 homes should be created for those in the 65 to 75 ...
Euronews (English)
Ireland house prices could continue rising for the near future, the Economic and Social Research Institute (ESRI) has warned the Oireachtas Committee on Budgetary Oversight. This is mainly due to low investment and rapidly increasing population, causing demand to overtake supply. According to Ireland's Central Statistics Office, only 66% of Irish houses are owner-occupied, a significant fall from about 79% in 1991. Data from the Residential Tenancies Board and ESRI estimate the average Dublin rent now to be about €2,102. In its opening statement, the ESRI, as reported by The Irish Times, said:...
Euronews (English)
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