Ireland top of house price risk list

The International Monetary Fund (IMF) has ranked Ireland at the top of a league table of countries where house price rises cannot be explained by economic fundamentals.

20th October, 2007

The International Monetary Fund (IMF) has ranked Ireland at the top of a league table of countries where house price rises cannot be explained by economic fundamentals.

The finding suggests that Ireland is among the countries most vulnerable to a fall in house prices.

House prices in Ireland have risen more, relative to disposable income, than in any other of 18 developed countries surveyed, according to the IMF research.

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