In the past seven years, Dublin prices have increased 72.9 per cent. Photograph: iStocksuggested that Dublin’s house prices are 25 per cent overvalued relative to long-term income. Thewas one of the early sirens last time out, warning loudly about the Irish property market in 2003, so it has good form.
More worryingly, in the list of 22 cities, although Dublin was not the most overvalued capital city, it is the one that has experienced most rapid house price growth since 2012.
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