It is not the laws of economics that govern Ireland’s housing market. That’s the whole problem.
The central question isn’t if foreigners should be allowed to buy houses, but why we have made it so attractive.
Thousands fewer properties available compared to pre-Covid
A State Housing agency is a licence for suppliers to print money, and bureaucrats to waste it.
The basic laws of supply and demand dictate that when the price of something falls, demand for it rises.