I think a big reason is that the state has become much bigger due to the enormous tax take they are getting from the FDI sector. However the state is unreformed and highly inefficient. Because they have huge buying power they distort markets they buy in like the housing and construction sector.
In the hospitality sector they have basically bought up alot of the capacity for refugees and homeless people. Therefore they have pushed up hotel prices indirectly. Poland also has a huge refugee influx but they managed it without using up alot of their hospitality capacity. There are still plenty of hotel spaces there for tourists.
In Ireland we take a one dimensional approach to everything, we tackle one problem but don't think or ignore the down the line consequences of that decision.
Because the state has alot of money now ,they take the path of least resistance and just throw money at everything. That in alot of cases is causing the rising prices
In the hospitality sector they have basically bought up alot of the capacity for refugees and homeless people. Therefore they have pushed up hotel prices indirectly. Poland also has a huge refugee influx but they managed it without using up alot of their hospitality capacity. There are still plenty of hotel spaces there for tourists.
In Ireland we take a one dimensional approach to everything, we tackle one problem but don't think or ignore the down the line consequences of that decision.
Because the state has alot of money now ,they take the path of least resistance and just throw money at everything. That in alot of cases is causing the rising prices