ESRI: Redouble efforts to stop damaging 'roller coaster' of Irish house price boom-and-bust

Government and other policymakers will have to redouble their efforts “to stop the damaging roller coaster” of boom-and-bust for Irish house prices that few other countries experience as the property market here heads for another tumble, the research professor at the Economic and Social Research Institute has warned.

Professor Kieran McQuinn said the ESRI was preparing to release its study on the effects of the Covid-19 economic fallout on house prices and rents but it was already clear that the Irish property market was heading for a second major slide -- even if the price shock won’t be as pronounced as that in the financial crisis of over a decade ago.