Irish Bubble Trouble and Housing Price Phenomenon in Europe
This paper is an analysis of residential dwelling price trends in the EU countries since the signing of the Maastricht Treaty in 1992 with a particular emphasis on the Irish housing bubble. The paper analyzes and compares price trends within the EU countries and within major metropolitan areas in different states in the US. The authors suggest that an unprecedented combination of cheap funds, a growing mortgage industry, the acceptance of mortgage borrowing, and demand for housing that helped push home prices to record levels in Ireland.
Ambrose, Jan and Buch, Joshua, "Irish Bubble Trouble and Housing Price Phenomenon in Europe" (2010). Department of Finance. 24.