The latest report from the Society of Chartered Surveyors Ireland shows that only the top 20 per cent of earners can afford to rent an average apartment built in Ireland in 2025, while just the top 40 per cent of earners can afford to buy one.
Paul Mitchell, a chartered quantity surveyor and one of the authors of the Real Costs of New Apartment Delivery report, joins host Ciarán Hancock and Cliff Taylor of the Irish Times to drill down into the main findings of the report.
And despite the numerous Government interventions, the cost of building apartments has soared in recent years, but Paul Mitchell is adamant that this report is actually a good news story.
Produced by John with JJ Vernon on sound.
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Inside Business with Ciaran Hancock