Wealth of Irish households tops record €1trn driven by house price revaluations

"However, this growth may not reflect the underlying experiences of all households, or the distribution of wealth," said the Central Bank.

The increase of nearly €20bn of net wealth in the quarter was mainly driven by property revaluations,

The net wealth of Irish households reached a record of €1trn this year as house prices and property revaluations surged, even as the wealth is unevenly distributed, the latest official figures show.

The Central Bank said its figures showed that household net wealth rose by almost €20bn to a record high level of €1trn in the first three months this year, adding "however, this growth may not reflect the underlying experiences of all households, or the distribution of wealth".