Employment and sentiment strong as Dublin enters landmark year, but no relief on housing problems
The latest statistics for the Dublin City region confirm the strength of the economy. Unemployment has dipped below 8% for the first time since 2008, and is well ahead of the national average which while also improving remains above 9%. Meanwhile, services employment in the city region has reached an all-time high.
The housing challenges facing the city show no sign of easing however. Rents continue to rise, as new housing supply disappoints – completions fell from over 3,200 in 2014 to under 2,900 in 2015, which has to be a major source of concern for the sustainability of growth in the city. New rent regulations were introduced in December which seek to dampen the upward pressure on rents; how effective they are will only become apparent over time.
Read more in our January 2016 issue of the Dublin Economic Monitor.
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