On November 28, 2024, Ireland’s government passed sweeping housing reforms aimed at addressing the country’s growing housing crisis. Rising rents and a shortage of affordable homes have plagued cities like Dublin, forcing the government to implement urgent measures to stabilize the housing market.
Major Policy Changes in Ireland’s Housing Strategy
The reforms include a nationwide rent cap, increased funding for social housing projects, and tax incentives for developers to build affordable homes. Additionally, the legislation streamlines the planning approval process to accelerate new housing developments.
While the policy has been praised by housing advocates, critics argue that it doesn’t do enough to tackle speculative investments in the housing market, which have driven up prices. As Ireland grapples with the social and economic fallout of the crisis, these reforms represent a critical step toward ensuring accessible housing for all citizens.
