Housing market in a state of flux
Ireland's two-speed residential housing market is set to remain that way for some time, with short supply driving up prices in Dublin, writes Siobhan Brett.
Last week it was revealed that in the 12 months to last September, Irish residential property prices increased by 3.6 per cent, compared to a decrease of 9.6 per cent in the year to September 2012. In Dublin, prices rose 12.1 per cent.
Oversupply across the country, in some places by close to 20 per cent, contrasts starkly with rising demand in Dublin for around 4,000 houses, which experts believe will rise to 7,000 in the next two years.
Banks will have to...
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