A collection of researchers at the National Institute of Regional and Spatial Analysis (NIRSA), R. Kitchen, J. Gleeson, K. Keaveney, and C. O’ Callaghan, have written a powerful new report on Irish property market policy and land development planning policy, critically examining both policy errors during the 1993-2007 period, during the post-crash period post 2007 (including a critique of NAMA) and making suggestions for the future. The link is here.
The report has a modern geographers’ perspective and is strongest when discussing zoning policy, development policy, and property-related tax policies, but there is still plenty of things for mainstream economics comments/discussion in the report.
The report makes clear to what a large extent post-1993 property-related government policy, right up until today, is driven by the interests of the property development industry. Coincidentally (or not) this industry is one of the biggest funders of the dominant party in government during this long period.
I am not sure if I am the correct person to paste up this link, but perhaps others can provide useful comments and replies to comments. (I do not claim to be a property researcher but to the extent that property is a risky portfolio asset it touches a little bit on my own research area.)