Episode Details

Irish house prices are now 17% overvalued, according to the ESRI — a worrying but less severe situation than before the 2008 crash. The issue isn’t reckless lending, but affordability: prices are soaring faster than incomes, mortgage rates are up, and housing supply simply can’t keep pace with demand. While household debt and credit markets are far healthier than pre-crisis levels, middle-income buyers are feeling the squeeze hardest as costs climb and wages lag.

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