Irish housing market overvalued by 7% - ESRI

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The Economic and Social Research Institute (ESRI) has warned that the residential property market in Ireland may be overvalued by over 7%. In its latest Quarterly Economic Commentary, the think-tank says it is likely that savings built up over the pandemic found their way into the market but this will not be sustained over the medium term. It is not going as far as to suggest prices may fall, but it says the rate of price increases is likely to "moderate substantially". Keep up to date with all the latest Irish and international news and current affairs with http://www.rte.ie/news Follow us on twitter @rtenews and on Facebook http://www.facebook.com/rtenews

Published 2022-10-06 · Watch on YouTube ↗
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