Saturday October 24, 2020

Fiscal council expert says that a house price crash is unlikely

A Fiscal Advisory Council member has told the CIF annual conference that the supply squeeze will offset any downward pressure caused by the pandemic

Killian Woods

Business reporter

@killianwoods
4th October, 2020
Figures recently published by the Central Statistics Office showed the price of residential property decreased by 0.5 per cent during the 12-month period to July.

House prices are unlikely to rapidly decrease as a result of economic shocks caused by coronavirus, an expert with the Fiscal Advisory Council has said.

Figures recently published by the Central Statistics Office showed the price of residential property decreased by 0.5 per cent during the 12-month period to July.

Last Thursday, Dr Martina Lawless, a member of the Fiscal Advisory Council, told the Construction Industry Federation annual conference that she did not expect house prices...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The sum was made up of a premium refund of €27,000 and a further payment of €25,000, Commercial Court hears on last day of test case

Peter O'Dwyer | 1 day ago

Government capital investments in infrastructure and technology are important foundations, says Myles O’Grady of Bank of Ireland

Post Reporter | 1 day ago

Arbitration panels should reflect society as a whole, but with women making up just 21 per cent of appointees, it is clear there is much to be done to improve the balance

Susan Ahern | 1 day ago