Tuesday October 20, 2020

Property prices lift household wealth to new peak

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

4th May, 2018
Central Bank's latest risk assessment

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 figure has jumped by almost 70 per cent since its low point of €430 billion in 2012.

As well as property prices, the rise in household wealth reflects a significant reduction in household debt in the past few years.

Household debt fell by almost €1.4 billion to €140.5 billion, its...

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