Irish property market could face a sharp slowdown in coming months


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.

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