Irish property bubble
BoE: Warning bells for real estate prices – Set at levels disproportionate to disposable income
The Bank of Greece’s report on the real estate market presents a detailed analysis of the current situation. Over the past seven years, property prices have surged by 66.4%, and they are projected to increase by 10.4% in the first quarter of 2024. This growth rate is significantly higher than the rise in income.
Decrease in Production Prices in the EU in February - Biggest Drop in Bulgaria
Producer prices in the EU fell in February for the second month in a row since the beginning of the year, with the biggest drop on a monthly basis recorded by producer prices in Bulgaria, according to data from European official statistics. Meanwhile, annualized manufacturing inflation continued to ease in February from peaks reached in August 2022.