Household wealth forecast to double over next decade

However, the Wealth in Ireland report by Davy warns that wealth gains are heavily reliant on housing appreciation

The report by Davy found that between 2014 and 2024, Irish household wealth increased from €573bn to €1.32 trillion (tn) and is projected to reach €2.6tn by 2035.

Irish household wealth is projected to double over the next decade driven by rising house prices, a steady increase in wages, and a larger proportion of money going into saving vehicles such as pensions, according to the latest Wealth in Ireland report by Davy.

The report noted that between 2014 and 2024, Irish household wealth increased from €573bn to €1.32 trillion and is projected to reach €2.6tn by 2035.