Fiscal council expert says that a house price crash is unlikely

A Fiscal Advisory Council member has told the CIF annual conference that the supply squeeze will offset any downward pressure caused by the pandemic

4th October, 2020
Fiscal council expert says that a house price crash is unlikely
Figures recently published by the Central Statistics Office showed the price of residential property decreased by 0.5 per cent during the 12-month period to July.

House prices are unlikely to rapidly decrease as a result of economic shocks caused by coronavirus, an expert with the Fiscal Advisory Council has said.

Figures recently published by the Central Statistics Office showed the price of residential property decreased by 0.5 per cent during the 12-month period to July.

Last Thursday, Dr Martina Lawless, a member of the Fiscal Advisory Council, told the Construction Industry Federation annual conference that she did not expect house prices...

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