Skip to content

Irish House Price Growth May Slow as Economists See 7% Overvaluation

Updated on

Irish house prices are about 7% overvalued, and gains are likely to moderate “substantially” in the short-to-medium term, according the the Economic and Social Research Institute.

Institutional investors and local authorities have driven up prices by buying properties, the ESRI said in its quarterly report. Households also stepped up their savings rate during the pandemic, helping them afford to pay more.