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Minister for Finance and Public Expenditure and Reform Paschal Donohoe presented the second Budget of the Minority Government Fine Gael-Independent Coalition. Minister Donohoe announced that the total Budget package of €1.2bn favours expenditure increases over revenue reductions reflecting the Government’s commitment to invest in key areas such as education, health, childcare and housing. The Minister also announced additional capital expenditure of €4.3bn over the next 4 years.
Property prices will continue to rise unless more dramatic interventions on the supply side are implemented, according to the Institute of Professional Auctioneers & Valuers (IPAV).
House prices will continue to rise until supply improves dramatically, the Institute of Professional Auctioneers & Valuers has stated.
The housing shortage currently being experienced across Ireland is the result of a decade of underinvestment, according to the Construction Industry Federation (CIF).
The Institute of Professional Auctioneers & Valuers (IPAV) says until the lack of supply of residential homes is addressed, house prices will continue to rise.