It may take another decade before supply matches demand in the Irish property market, Standard and Poor’s (S&P) has warned.
In a new report, the rating agency said the property market here remains impaired by what it called “crisis legacy issues”. In particular, it highlighted the high levels of household debt that still prevail eight years on from the crash.
Economy-wide debt-to-disposable income ratio in Ireland fell to 150 per cent last year, down from 170 per cent a year earlier, and from above 230 per cent at its peak in 2009.
Read the full details in the Irish Times
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