Oliver Mangan: House price pressures to remain for a number of years
The Irish residential market needs to deliver a minimum of 30,000 new units per annum to meet estimated annual demand.
The latest official CSO data on residential property prices — as well as other surveys on asking prices — show that the upward trajectory continues to gather pace.
On a monthly basis, prices in July rose sharply — by 1.7% — the strongest monthly increase in four years according to CSO figures. The rate of growth in year-on-year terms has been on an accelerating path since late 2020.
