Oireachtas Joint and Select Committees
Wednesday, 29 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
Now, if we just take Dublin alone, and you mentioned the Central Bank's measures, which dampened house prices for three of the last five months, house prices have again began to increase, as we see from the CSO, at 1.1% in the last month, with a 22.8% increase over the last 12 months. If that were to be repeated in the next year, house prices in Dublin would exceed where they were in 2005. Like, when should the alarm bell, or what would the level be that an alarm bell should go off in relation to a property bubble in Dublin?
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