Ireland shows how to successfully wean off property

Wednesday 28 July 2021

I am currently pulling property-related data for an upcoming subscriber special report on the property markets of English-speaking nations.

Yesterday I uncovered a treasure trove of data on Ireland, which has managed to successfully deleverage from one of the world’s biggest property bubbles leading into the 2008 Global Financial Crisis (GFC).

The below charts tell the tale.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.