In this paper, we explore the impact of a housing rent inflation cap of 4 per cent on price changes for tenancy contracts. We assess the implications of the regulations on the share of the market experiencing: 1) a price decline; 2) unchanged rents (nominal rigidity); 3) a positive growth rate...

This paper examines the manner in which owner-occupiers housing costs are incorporated in the official inflation index. In particular, the focus is on the net acquisitions and the payments approach, which are currently used by the Central Statistics Office (CSO). The paper provides a detailed...

The COVID-19 pandemic represents the most severe and rapid shock to the Irish economy in modern times. This paper examines the short-run, three-month impact of the pandemic on rental affordability and missed payments for a specific cohort of the private rental sector in Ireland. It focuses on...

This report provides a high-level review of the degree to which the Rebuilding Ireland Home Loan (RIHL) has met its objectives. It also scopes the need for ongoing intervention, details who is applying for the scheme and assesses selected operational considerations such as credit risks, funding...

In this paper, we explore the impact of current household repayment capacity on mortgage default using household-level panel data over the period 2004-2017 for Ireland. We measure repayment capacity as changes in the level of the current debtservice to income ratio to capture a direct channel...