IRELAND NOT HEADING FOR ANOTHER BUBBLE – ENGLISH

We’re not heading into another property bubble, according to the Junior Minister for Housing.

Damien English expects around 19,000 houses to be built this year – and says as supply increases prices will level out.

It follows CSO figures that suggest an 11 per cent increase in the cost of homes – with an almost 20 per cent rise in prices in the west.

But Minister of State Damien English doesn’t think we will return to the bad days.

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