Irish property inflation is projected to cool to 4% this year, according to the latest research from the Economic and Social Research Institute (ESRI). Despite this moderation, Irish house prices are anticipated to outpace most European Union counterparts, demonstrating robust growth within the housing market.
The ESRI report also highlights a concerning trend where Irish residents are predominantly living in housing units that exceed their actual needs. This mismatch between housing size and occupancy raises questions about housing affordability and availability for individuals and families across Ireland.
The analysis points towards a nuanced picture of the Irish property market, with expectations for steady yet robust price increases. This forecast places Ireland at the forefront compared to other EU countries, reflecting a trend of sustained growth in the housing sector.
Overall, the research sheds light on the complexities of the Irish property market and the challenges faced by both buyers and sellers in navigating a landscape characterized by rising prices and evolving housing needs. As the year progresses, monitoring these trends will be crucial for policymakers and stakeholders alike to ensure a sustainable and inclusive housing market for all.
