How does Ireland compare to the world’s hottest property markets?

Global prices are roaring ahead – but is it a bubble or a temporary blip?

Down under: In Auckland, a home without a toilet and in need of complete renovation has just sold for 2 million New Zealand dollars, or about €1.2 million

Down under: In Auckland, a home without a toilet and in need of complete renovation has just sold for 2 million New Zealand dollars, or about €1.2 million

In Auckland, a home without a toilet and in need of complete renovation has just sold for 2 million New Zealand dollars (€1.2 million). In Connecticut, a $1 million home (€850,000) will sell in a weekend. In Glasgow, there are waiting lists to even view a property.

Yes, property prices might be rocketing ahead in Ireland at present – up by 5.5 per cent on an annual basis in May according to the latest stats – but around the world, prices are rising far faster.

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