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.

3 months ago
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