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Irish property prices are up to 10% overvalued, ESRI warns, despite economic growth forecasts.
Irish property prices are overvalued by up to 10%, according to the Economic and Social Research Institute (ESRI).
Prices have risen 13% above pre-financial crisis levels, fueled by supply shortages and government support schemes.
ESRI warns this could lead to a significant market correction.
Despite these concerns, the institute forecasts economic growth of 3.2% this year and 4% next year, with strong employment and wage increases.
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Los precios inmobiliarios irlandeses están sobrevalorados hasta un 10%, advierte ESRI, a pesar de las previsiones de crecimiento económico.