Property prices lift household wealth to new peak

Property prices lift household wealth to new peak
Central Bank's latest risk assessment

As well as property prices, the rise in household wealth reflects a significant reduction in household debt in the past few years, according to the Central Bank

Figures from the Central Bank show that household wealth in Ireland reached a new high in the final quarter of last year, mainly due to rising house prices.

Household net worth rose by 2.1 per cent during the quarter to €726.8 billion, and moved above its previous peak, hit in 2007 just before the financial crisis. The...

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