The property bubble that bust in 2008 following the financial crisis crippled several economies across Europe. Spain and Ireland were both badly affected by the property crash.
In this edition of Real Economy we travel to Ireland and take a look at what influences the financial health of Europe’s housing market.
We speak to one Irish home owner who still finds himself in negative equity and see how the country, once called the ‘Celtic Tiger’, is slowing getting back on its feet.
In addition, euronews’ Maithreyi Seetharaman talks to one of Ireland’s most renowned economists David McWilliams and we find out how the housing market affects our overall consumption and investment decisions.