Ronan Lyons: The art of catching a bubble

When we go bubble-spotting, we shouldn’t just focus on price inflation

  • February 8, 2015
Ronan Lyons
Ronan Lyons

Much of the discussion around the Irish housing market over the last two years or so, and especially Dublin’s, has been whether another housing bubble is emerging. While it may seem somewhat arcane, it’s worth highlighting that there are two very separate ways of assessing whether a bubble is emerging.

First, there is what can be thought of as the statistical way of thinking. That means looking at the path of house prices, ...