Newstalk
Newstalk

06.59 14 Nov 2017


Share this article


A new report is predicting house prices could rise by 20%, in real terms, over the next two years.

The research from the Economic and Social Institute (ESRI) says strong economic growth and the slow pace of house building will fuel price costs.

However, it also suggests the Irish housing market is not overheating - and properties are not over-priced compared to other countries.

The ESRI explains: "A cross-country comparison of price-to-income ratios and price-to-rent ratios supports the finding that the housing market is not currently overvalued relative to the demographic and economic context."

Kieran McQuinn from the ESRI is author of the report, and he explained: "[The findings are] mainly related to the improvement in economic conditions we see - and in particular the developments in the labour market, where we've seen a persistent fall in the unemployment rate over the last number of years.

"Given the apparent sluggish response of housing supply, when you have such strong demand-side factors, that inevitably means that prices are likely to continue to increase."

He added that housing is a key indicator for cost of living - and noted that if that continues to increase, there will be challenges in persuading people to move to Ireland and its cities.


Share this article


Read more about

News

Most Popular

Live: Title

Now playing

00:00:00 / 00:00:00
Added to queue
Removed from queue

On Air

Share

Share


Up next

Episode title
Show
Duration

You currently have no podcasts in your queue.

Go to podcasts

On Air

BOBBY'S LATE BREAKFAST

BOBBY'S LATE BREAKFAST

09:00-11:00

Share

Up next

ON THE RECORD

ON THE RECORD

11:00-13:00

Share

OFF THE BALL

OFF THE BALL

13:00-18:00

Share

TECH TALK

TECH TALK

18:00-19:00

Share

TALKING HISTORY

TALKING HISTORY

19:00-20:00

Share

TALKING BOOKS

TALKING BOOKS

20:00-21:00

Share

UNDER THE COVERS

UNDER THE COVERS

21:00-22:00

Share

THE TOM DUNNE SHOW

THE TOM DUNNE SHOW

22:00-00:00

Share

BEST OF NEWSTALK

BEST OF NEWSTALK

00:00-06:00

Share

BREAKFAST BRIEFING

BREAKFAST BRIEFING

06:00-06:30

Share

BEST OF BREAKFAST BUSINESS

BEST OF BREAKFAST BUSINESS

06:30-07:00

Share

NEWSTALK BREAKFAST

NEWSTALK BREAKFAST

07:00-09:00

Share

BEST OF THE PAT KENNY SHOW

BEST OF THE PAT KENNY SHOW

09:00-12:00

Share

00:00:00 / 00:00:00

Share on