Development Land

House price inflation returns but Covid has ‘disrupted’ bubble fears

It will be a full and further decade before Ireland’s housing market finds equilibrium between supply and demand, it has been claimed, as the Government prepares its latest housing measures as part of Budget 2021.

The suggestion of continuing imbalance and accommodation shortages up until 2031 comes as a report today shows house price inflation back again, at 5% by the third quarter of this year, despite Covid-19’s impact on the economy and employment.

In a pre-budget submission this week, a 10-year housing strategy or roadmap across all sectors, including affordable and social housing, is required, argues the Society of Chartered Surveyors Ireland (SCSI).

Read the full details in the  Irish Examiner

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