Fri 08 Aug 2007Attitude to empty properties will shape marketEconomics:As the outbreak of war approached in
1939, and Stalin remained inscrutable, Winston Churchill described
Soviet strategy thus: "It is a riddle, wrapped in a mystery, inside
an enigma." Much the same can be said of the performance of the
Irish housing market over the past 10 years.The Irish housing boom of the past decade defies a credible
economic explanation. In broad terms, the number of new houses
added to the national dwelling stock between 1996 and 2006 was
almost twice the number of new households formed over the same
period.