Pearse Doherty (Donegal, Sinn Fein)
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The law normally is that the sharp increase in interest rates, meaning the cost of a mortgage unless you are a cash buyer has gone up dramatically, should in a normal environment push down house prices. However, in Dr. McQuinn’s assessment that will not happen in the next two to three years because of the mismatch in supply and demand. While prices will not increase at the level seen in the past, they will still increase in that period. Is that his assessment?