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Ireland To Link Residential Rents To Inflation - Sunday Times

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http://uk.reuters.com/article/2015/09/27/uk-ireland-housing-idUKKCN0RR0F820150927

Ireland plans to bring in legislation linking residential rents to the rate of inflation, in a bid to curb soaring rental costs, the Sunday Times reported.

Ireland's housing shortage has become a major political issue ahead of elections due in the next six months

While the Irish economy is forecast to be the fastest-growing in Europe for the second year running in 2015, house building is at levels last seen in the early 1970s, after a property crash wrecked the construction sector.

Rents jumped by 7 percent in the year to June, data from the Private Residential Tenancies Board showed last week, while rents in Dublin rose by almost 10 percent in the same period.

Question is what happens if they get double digit inflation?

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What housing shortage, I thought Ireland's problem was 10s of thousands too many houses

Affordable housing.

Endless confusion in the debate over here too, as if we have too few houses.

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While the Irish economy is forecast to be the fastest-growing in Europe for the second year running in 2015,

So how does that tie in with the UK being the fastest growing economy in the world - at least before the general election.

Doesn't the UK belong to europe anymore.

They'll say anything.

Edited by billybong

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So how does that tie in with the UK being the fastest growing economy in the world - at least before the general election.

Doesn't the UK belong to europe anymore.

They'll say anything.

The phrase they always used was "fastest growing major economy" IIRC.

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What housing shortage, I thought Ireland's problem was 10s of thousands too many houses

Thousands too many in the wrong places.

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The phrase they always used was "fastest growing major economy" IIRC.

And Ireland is in the Euro club, some papers get confused by the difference

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The phrase they always used was "fastest growing major economy" IIRC.

Often they used that phrase - but not always

http://

www.telegraph.co.uk/finance/economics/10597418/UK-confirmed-as-fastest-growing-economy-in-Western-Europe.html

Then there's

http://

www.bbc.co.uk/news/election-2015-32145954

In their letter to the Daily Telegraph, a group of business leaders pledging support for a Conservative government say: "Britain grew faster than any other major economy last year".

Is that true?

It depends on what you consider to be a major economy. The International Monetary Fund (IMF) reckoned in January that the UK grew by 2.6% in 2014.

That is indeed faster than other countries in the G7 advanced economies, including the USA (2.4%), Canada (2.4%), Japan (0.1%), France (0.4%), Germany (1.5%) and Italy (which shrank by 0.4%).

However, the IMF said China was likely to have grown by 7.4% in 2014 and India by 5.8%. This is broadly in line with several other forecasting bodies. Many economists would consider those two countries to be "major economies".

The selection of words and regions seems to depend on which country they're trying to bull on about at any particular point in time.

Edited by billybong

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What housing shortage, I thought Ireland's problem was 10s of thousands too many houses

People seem to think "high prices" and "housing shortage" are interchangeable, despite the evidence to the contrary.

Edited by Steppenpig

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