Monday, October 30, 2006

New Home Building

We are probably building many more new homes than we need. 15% of the housing stock is empty and rental yields are scraping 2-3%. Its surprising that we should have this massive excess of supply at a time when the Irish population is growing so rapidly; with the influx of migrants who have come to our shores to serve us in shops and restaurants and .... aah.... build houses.

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