Stopping 'property market roller coaster’ should be priority for Government

A plan “to stop the damaging roller coaster” of another boom-and-bust cycle for house prices should be a priority for the Government and other policymakers working to protect the Irish economy from the Covid-19 fallout, a research professor at the Economic and Social Research Institute (ESRI) has warned.

Kieran McQuinn said the ESRI was preparing to release its study on the effects of the Covid-19 economic hit 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 shock will not be as pronounced as that of the financial crisis of over a decade ago.