Trump trade war latest: New threat to Ireland’s housing market; Musk makes direct appeal to US President to reverse tariffs
Housing demand in this country is highly vulnerable to a sudden economic shock caused by the actions of Donald Trump.
This is because the property market here is disproportionately reliant on high-income earners working in multinational sectors, according to the latest quarterly house price report from MyHome in association with Bank of Ireland.
Experts at the property portal said the threat of a trade war will influence how the housing market will perform this year.
“The Irish property market’s disproportionate reliance on high-income earners working in multinational sectors would see it vulnerable to any sudden economic shock,” the report found.
However, if there is no trade war then the housing market’s record low supply levels and continued strong demand means that MyHome’s forecast of 5pc property inflation for this year may…
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