That's not what re-inflated prices. Basically, no houses were built from about 2007 to 2017, and then far too few houses were built. Meanwhile, loads of people immigrated to Ireland for jobs (mostly in tech and finance).
Then, because lots of people spotted that Irish property was a good investment, people started piling in using rents as their baseline for investment, driving rents up, which pushed prices up etc.
But fundamentally property prices are increasing in Ireland because of population growth and a lack of supply (driven by poor planning for water and services, along with a culture of property owners objecting to the opening of an envelope).
That's not what re-inflated prices. Basically, no houses were built from about 2007 to 2017, and then far too few houses were built. Meanwhile, loads of people immigrated to Ireland for jobs (mostly in tech and finance).
Then, because lots of people spotted that Irish property was a good investment, people started piling in using rents as their baseline for investment, driving rents up, which pushed prices up etc.
But fundamentally property prices are increasing in Ireland because of population growth and a lack of supply (driven by poor planning for water and services, along with a culture of property owners objecting to the opening of an envelope).