NCC warning on competitiveness challenges

  At least the National Competitiveness Council hasn’t been taken in by the hype over property prices. It clearly sees the dangers of rapidly rising house prices and rental costs – at least from a cost competitiveness point of view.  It notes a recent Fitch report on Irish housing costs, which said that house price affordability in Ireland compared favourably with a range of benchmarked European Economies, and is broadly similar to the affordability ratio in the UK. But it …