Rising house prices in Ireland leave more people homeless
Dec 15, 2022
Dublin [Ireland], December 15: House prices in Ireland have increased by nearly 130 percent from early 2013, when the local property market crashed after the global financial crisis, said the country's Central Statistics Office (CSO) on Wednesday.
However, property prices in Dublin are still around 6 percent lower than their 2007 peak level, despite a 134-percent increase from the 2013 low, the CSO said.
Meanwhile, the average house price in Ireland increased by 9.8 percent in October 2022 compared to a year ago, while house prices in Dublin rose by 8.3 percent on an annual basis.
Rising house prices in Ireland have left more people in the country homeless.
Statistics from the Housing Department showed that there were 11,397 homeless people in Ireland at the end of October, the highest figure ever recorded by the department.
This figure does not include people sleeping rough and people couch surfing, said Peter McVerry Trust, a homeless charity in Ireland.
Housing has become a national crisis in Ireland, resulting in nationwide protests in recent months.
Thousands of people took to the streets of Dublin recently to protest against rising house prices and rents.
Source: Xinhua
