Housebuyers chase soaring prices, but what’s the limit?

Six months after the European Central Bank (ECB) raised interest rates for the first time in five years, a resurgence in demand among investors and a shortage of starter homes are contributing to dizzying rates of capital appreciation in the Irish ho

Gillian Nelis

Managing Editor @gnelis
3rd June, 2006

Six months after the European Central Bank (ECB) raised interest rates for the first time in five years, a resurgence in demand among investors and a shortage of starter homes are contributing to dizzying rates of capital appreciation in the Irish housing market. Demand is so strong that next week’s expected 0.25 per cent rise is unlikely to have any immediate effect on prices which have risen by 12.1 per cent over the past year.

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