The Irish property market could be facing a sharp slowdown in the coming months.
The warning comes from the ESRI which says house prices here could be overvalued by at least 7%.
The shortage of housing supply and household savings for home buyers built up during the covid pandemic has pushed prices upwards.
However Dr Conor O’Toole, a senior research officer at the ESRI, says although overvalued, it’s too early to say if house prices will fall.
