It may not be a technical house price bubble but it sure looks like one..

so…. another CSO release of house price statistics. Recall that a bubble is where prices deviate fundamentally from their warranted levels. We know that there are massive supply constraints in the dublin region so we should see house price appreciation. But this much?  The largest ever year on year percentage rise ? We are back to the madness it seems.

Here is my old friend SupADF….  Remember  when Mr SADf crosses Mr 95% from below, its BUBBLETIME. So technically not a bubble but give it time… these figures should be a very large bucket of cold water in the face of government insouciance about back to the future…