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Irish House Prices May Have Serious Overvaluation Problems

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"In the past decade, Ireland's house prices have risen faster than in any other OECD country, and average prices have roughly tripled in real terms.
The OECD said that while the most likely outcome is that there will be a soft landing for house prices, there are alternative scenarios on the upside and downside that could have significant macro-economic implications.
The first is that the housing boom may not run out of steam of its own accord, leading to serious overvaluation and imbalances throughout the economy
. The eventual fall-out in this scenario could be severe, according to the OECD."

The OECD, like the IMF, seem to sense that HPI of the magnitude suffered in Ireland will not have definite repercussions. We will no doubt see if history, rather than speculation, proves to repeat itself and deal with bubbles how bubbles are always dealt with.

Edited by Realistbear

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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