Housing squeeze not going away for buyers, and could get worse for renters

Smart Money: New forecasts show particular affordability problems for renters in coming years

A growing number of first-time buyers find themselves in the “squeezed-out middle” – earning too much to qualify for social housing, but not enough to survive in the open market.  Photograph: Chris Ratcliffe/Bloomberg

A growing number of first-time buyers find themselves in the “squeezed-out middle” – earning too much to qualify for social housing, but not enough to survive in the open market. Photograph: Chris Ratcliffe/Bloomberg

The affordability squeeze in housing shows no sign of easing – on the contrary, rents and prices continue to rise and have exceeded income growth in recent years. Analysis for Dublin City Council as it formulates its development plan from 2022 to 2028, much of it undertaken by KPMG, highlights some of the key issues over the years ahead.

It shows challenges for renters and purchasers continuing and a growing group who earn too much to qualify for social housing but do not earn enough to either buy or rent in the market – including many couples with two decent incomes.

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