House prices in recent years should never have been allowed to soar to the point where they have become unaffordable for the vast majority of aspiring purchasers. Rents in the private rental sector are also unaffordable for most. Vendors seeking inflated prices for their homes have been forced to reduce them, as demonstrated by recent estate agent and auction results. Here are 10 reasons why significant falls in house prices and rents are likely to occur sooner rather than later.
Read the full details in the Irish Times
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