Hottest Home Market in Euro Area Has Irish Lawmaker Feeling Pain

  • Irish house prices are booming amid shortage of homes
  • Price crash led to economic collapse and bailout a decade ago

Irish lawmaker Noel Rock has a very direct interest in the nation’s new house price surge — he’s trying to buy a home in the euro-zone’s hottest market.

For about two years, Rock, 30, has joined dozens of others trudging around open houses in Dublin, in scenes reminiscent of those before Ireland’s 2008 real estate bust. Prices in November rose 1.1 percent, three times the monthly increase in October, figures on Thursday showed…
Categories : Real Estate

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