House price inflation returns but Covid has 'disrupted' bubble fears

New report shows inflation at 5% by third quarter despite coronavirus impact on economy and employment

The Society of Chartered Surveyors Ireland says the Government should start 'a large-scale public sector house-building programme via local authorities to take advantage of a likely softening in construction costs in the coming two years'. Picture: Getty

It will be a full and further decade before Ireland’s housing market finds equilibrium between supply and demand, it has been claimed, as the Government prepares its latest housing measures as part of Budget 2021.

The suggestion of continuing imbalance and accommodation shortages up until 2031 comes as a Myhome.ie report today shows house price inflation back again, at 5% by the third quarter of this year, despite Covid-19’s impact on the economy and employment.