EU report to focus on Irish home prices

An EU report to be published in late June will put a spotlight on increases in Irish house prices, according to Fine Gael MEP Brian Hayes.

He said a response from EU economics chief Pierre Moscovici has “confirmed” the Commission’s latest post-bailout surveillance report will put “a major focus” on Irish house prices.

“Commissioner Moscovici made it absolutely clear the Commission considers the rising levels of house prices in Ireland a significant threat to the stability of our economy, saying the report of the seventh post-bailout surveillance mission to Ireland will be published late next month,” said Mr Hayes.