Irish house prices ‘overvalued by 10%’
Irish house prices are overvalued by up to 10 per cent, the Economic and Social Research Institute (ESRI) has warned, adding that an increasing number of households are carrying “elevated” levels of mortgage debt.
In its latest quarterly bulletin the think tank said the acceleration in house prices this year had led to concerns about the sustainability of such increases and whether it would lead to “a painful correction” similar to the one that followed the 2008 financial crisis.
News in Ireland
- Cyclists and e-scooter users 11 times more likely to be seriously injured: Cyclists and e-scooter users are 11 times more likely to sustain severe and serious injuries in road traffic collisions than motorists, a new study has found.
- Hit carbon reduction targets or face huge costs, Climate Council warns: The incoming government must make immediate adjustments to carbon budgets or face escalating costs running into the 2030s that will have profound impacts, the Climate Change Advisory Council has warned.
- Customers unlikely to get back deposits paid to failed Dublin window firm: The liquidators of a Dublin window company – closed suddenly last month leaving more than 100 customers awaiting deliveries – have been unable to access its premises to establish if any stock can be retrieved.
- Charges dropped against teen arrested over killing of Irish chef Shaun Brady: A teenager facing charges in the Kansas City murder of Shaun Brady, the Irish restaurateur who was fatally shot outside his premises in August, has been released without charge.
- People ‘distraught’ after missing out on Capuchin Christmas food parcels: There was anger and distress among people queuing for Christmas food-parcel tickets at the Capuchin Day Centre in Dublin on Wednesday when stewards announced all 3,000 had been distributed, shortly after 9.30am.
- Weather forecast: Thursday will be largely dry and mostly cloud. Patches of light rain or drizzle will occur later, mainly in southern and eastern areas. Highest temperatures ranging from 3 degrees in the northwest to 6 or 7 degrees. Tonight will be mostly cloudy with patches of light rain or drizzle. Some clear spells could develop in the west giving a touch of frost and mist or fog patches. Lowest temperatures of -1 to 5 degrees, according to Met Éireann.
- Check out today’s Most Read stories
- Join The Irish Times WhatsApp channel for breaking news straight to your phone.
The Big Read
- Wake up, people: Here’s what the mainstream media don’t want you to know about Christmas: Last year I reviewed Christmas stuff but had to leave out a lot, because the MSM, as usual, couldn’t handle my truth-saying. So, once again, here is my assessment of Christmas things before Big Brother (my editor) stops me from waking you all up.
Opinion
Technology
- Christmas morning tech frenzy: ensure batteries are charged and updates installed: If Santa is leaving tech gifts under the tree this year, there are some things you should start doing now to make sure that everything goes smoothly on Christmas Day, and beyond.
Sports
- Failure to overcome Wales test sealed Eileen Gleeson’s fate: In the end, Eileen Gleeson’s time in charge of Ireland boiled down to a one-off test against a Wales team that was every bit as middling as hers.
World
- ‘EU to limit asylum rights in response to Russian ‘weaponisation’ of migration: EU member states should be given leeway to close their borders to asylum seekers crossing from Russia and Belarus to combat Russian efforts to “weaponise” migration, the European Commission has said.
Restaurant Review
- Seafood Café restaurant review: A Sunday lunch seafood feast is a wonderful thin: There’s something gloriously audacious about turning the classic Sunday lunch on its head and offering a seafood feast instead of roast beef and Yorkshire pudding, which is exactly what Niall Sabongi, the operator behind The Seafood Café, has done.
Podcast Highlights
What the murder of a CEO tells us about healthcare in the United States
Listen | 23:33
Why not try one of our Crosswords & Puzzles?
Like this?
Get the best content direct to your inbox by signing up to one of our newsletters
