Lobby group says house prices will continue to rise despite overvaluation warnings

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Lobby group says house prices will continue to rise despite overvaluation warnings
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Banking & Payments Federation says structural issues will keep demand for property high

The shortage of new housing supply, major population growth and soaring rent costs will likely keep demand for new mortgages high, an industry lobby group has said.

In a new report, the Banking & Payments Federation Ireland said the fall in the purchasing power of households caused by inflation is likely to affect mortgage demand in the “short term”.

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