An international economic organization says there is no threat of a crash in the Irish housing market
The OECD is to deliver a very positive report on the state of the Irish economy in the coming weeks.
The Paris-based think-tank says the housing market in Ireland is not a bubble waiting to burst. In fact, it expects house prices to increase by up to 8% a year for the next two years.
Factors such as low interest rates and a growing population are believed to have supported the huge rise in the property prices in recent years.
According to the OECD, the average price of a house in Dublin will reach €430,000 by the end of 2007.
The OECD also said the windfall from maturing SSIA accounts only poses an "outside risk" of pushing up inflation.
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