‘These housing demand forecasts are not worth the paper they’re written on’

Plus, why a slowdown in commerical construction is actually a good thing

Listen | 37:24

John McCartney of BNP Paribas welcomed the contraction in the commercial sector “as it limits the potential for oversupply in areas of commercial property, such as offices, where vacancy rates have been rising”. Photograph: Per Boge

Wed Sept 20 2023 - 16:03

Joining Ciaran Hancock this week is Irish Times Economics Correspondent Eoin Burke-Kennedy who has the latest figures from the CSO which point to rising house prices outside Dublin, but house prices in the capital continuing to fall. Has supply finally caught up with demand?

And the significant slowdown in commercial construction here would usually be viewed as bad news, not so according to John McCartney, Director, Head of Research at BNP Paribas Real Estate, he explains that this is in fact a welcome development.

The panel also give their thoughts on warnings from IFAC and the Central Bank ahead of Budget 2024.

Produced by John Casey, with JJ Vernon on sound.