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Irish House Prices Rise Mostly Due to Dublin Market

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House prices in the Republic of Ireland have increased by 2.8% in the year to August.

Almost all the gains are being driven by the Dublin market where prices are now 11% higher than they were in 2012.

Outside Dublin, prices are almost 3% lower than they were a year ago.

House prices in the Republic are still 49% lower than at their highest level in early 2007.

The inflating and subsequent bursting of a property price bubble was largely responsible for the near collapse of Ireland’s banking system in 2008.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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