Housing market not overvalued, says ESRI

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The ESRI's findings are contained in a new report on house price sustainability

The think-tank used a rent-to-house price ratio in Ireland for the years between 2010 and 2018 to explore how the housing market is developing across Ireland.

This is because these rural counties experienced a major decline in house prices with less of a recovery. Separate research from the ESRI also examined housing affordability for potential first-time buyers at the county level.

 

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