In the current episode of Inside Business, presenter Ciarán Hancock discusses with Conall MacCoille, Bank of Ireland’s chief economist, concerning their recent economic bulletin. The report outlines that almost 40% of home transactions in Ireland now go through at a minimum of a 10% premium more than the initial asking price. The Bank of Ireland attributes this to the strong rivalry for properties.
Conall Mac Coille, the bulletin’s writer, highlights the scarcity of property and increased wages as catalysts for the surge in house prices, though he tips that this surge may be at its pinnacle currently. He also offers his insights in anticipation of the forthcoming week’s budget announcement and ponders on whether Ireland is screened from the economic difficulties plaguing Britain, Germany, and the broader EU bloc.
In the same episode, Louisa Meehan, an expert in human resources, shares her views on the patterns of returning to the office, following Amazon’s recent directive to its staff to revert to office work five days each week.
She questions whether this is liable to become a common practice, and if the shift from remote working could potentially harm the early stages of younger employees’ career paths.
The episode is produced by John Casey, with sound provided by JJ Vernon.