The economic crash in 2008 hit Ireland hard. Based on an unsustainable property boom, it left Ireland needing a bailout. So it’s hardly surprising that global analysts take a close interest in Ireland’s booming property market today. This week, we look at an OECD report and a mortgage report to try and make some predictions.
Official data shows that approvals and loan amounts are on the rise in Ireland. An upward trend that isn’t showing any signs of slowing. But that doesn’t mean we’re even approaching a housing bubble, says Irish banking boss.
With two reports showing Irish home price rises either approaching or exceeding double figures, the government is considering measures to hold prices in check. That could include a cap on the help to buy scheme.
As we head into springtime, there is a spring in the step of the Irish property market too, with double digit price rises in some areas. Read on to find out where.
Rapidly rising prices have left young Irish families unable to buy property. A newly-announced help-to-buy scheme is boosting interest but the conditions appear to be tough
