We spoke to TV3 about the rising prices in Dublin and what the causes may be. Our view is that an absence of supply coming into the market is an issue, the banks have not taken back properties that should have been foreclosed at this stage and that creates an unrealised shadow or latent supply that isn’t factored in.
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I think this explains the “rise” in house prices, I n an illiquid market, a few large sales will skew the results.