What’s happening with Ireland’s housing crisis and where do we go next?

The latest data from Sherry Fitzgerald and the CSO shows an acceleration in house price inflation

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The supply of second-hand properties for sale in Ireland has fallen by almost a third since the pandemic, according to Sherry FitzGerald figures. Photograph: Dara Mac Dónaill / The Irish Times

If you’re trying to buy a home, a report this week from estate agent Sherry FitzGerald on house prices and available stock won’t have lifted your mood.

The supply of second-hand properties for sale in Ireland has fallen by almost a third since the pandemic, according to Sherry Fitz figures.

And it found that annual house price inflation was running at 5.5 per cent for the 12 months to the end of June, up from 3.4 per cent at the same time last year.

Figures from the CSO last week told a similar story.

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On this episode of Inside Business, host Ciarán Hancock picks through the latest data points with Marian Finnegan, managing director of Sherry FitzGerald, and Eoin Burke Kennedy, economics correspondent with The Irish Times.

Produced by John Casey with JJ Vernon on sound.