Ireland's Domestic Economy Grows 3.1% as Housing Remains 17% Overvalued, Tax Receipts Surge

17% — That's how much Irish house prices exceed what economic fundamentals would suggest, per ESRI, driven by a supply-demand imbalance where prices have outpaced incomes while mortgage rates squeeze borrowing power.

Money Moves

• Domestic economy expands 3.1% in H1 2026 — Personal spending led growth at +2.8%, with CSO's Modified Domestic Demand up 1.75% in Q2, putting the economy in strong form ahead of the October 6 Budget.
• **Corporation tax surges...