Mark Keenan: State must act now to head off a new housing crisis
LAST month a headline in 'The Daily Telegraph' asked: 'Is London's Property Market Overheating?' British concerns have been raised following reports that property prices in their capital could increase by 6pc this year.
In contrast, Dublin's property prices have already doubled this rate of increase so far in 2013, with 12pc pinpointed by some barometers by July. We are likely to finish out the year with at least 15pc price inflation – if not higher. Yet no one seems to be asking the same question here.
So is Dublin's property market overheating?