Saturday 18 November 2017

What new property bubble tells us about inequality

Rising repossessions could increase the housing supply
Rising repossessions could increase the housing supply
David McWilliams

David McWilliams

IN recent days, two bits of economic data have emerged which give us an indication of what might be in store for society in the next few years. It may be far too early to extrapolate, but it is worth considering if the latest information about house prices and food prices could become a trend.

A few months ago, this column wrote about the likely emergence of a two-tiered property market in Ireland, with houses in Dublin (and in south Dublin in particular) rising while house prices in the rest of the country would continue to fall.

Now, according to property website Daft.ie, this is, in fact, occurring – and at a pace that has caught most of us by surprise.

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