Assessing price sustainability in the Irish housing market: a county-level analysis. ESRI Research Notes 2019/4/1

Allen-Coghlan, Matthew and McQuinn, Kieran and O’Toole, Conor (2019) Assessing price sustainability in the Irish housing market: a county-level analysis. ESRI Research Notes 2019/4/1. UNSPECIFIED.

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Abstract

In the wake of a number of high profile property crashes, a question that has come to the fore recently is; are housing booms and busts clustered in specific areas within countries or do they tend to be more pan-regional? Within the United States for example, considerable variation in the boom-bust cycle has been experienced with the so-called ‘sand states’ (California, Florida, Arizona, and Nevada) showing much greater fluctuations in prices than other regions following the financial crisis.2 In an Irish context, a significant issue of interest is the apparent divergence between the Dublin property market and other regional markets as well as the difference between urban and rural areas.

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