New research from the Economic and Social Research Institute (ESRI) has found that Irish house prices are overvalued by over one fifth.

This is due to a combination of factors including a shortage of supply, house prices rising faster than income levels and increases in mortgage rates.

Dr. Paul Egan, Senior Research Officer at the ESRI and Marian Finnegan, Chief Executive of the Sherry FitzGerald Group speak to The Last Word.

Hit the ‘Play’ button on this page to hear the piece.