FRANKFURT May 19 Home prices have surged in
Ireland and need to be "closely monitored", the European Central
Bank and European Commission said on Friday.
"Residential property prices accelerated recently and will
need to be closely monitored," the two institutions said after a
follow-up visit to Ireland, which received a bailout during the
"Certain building requirements still present a barrier to
the construction of apartments, while the new National Planning
Framework could facilitate a more stable housing market by
enabling a coherent spatial distribution of housing and
supporting infrastructure," they said in a statement.
(Reporting by Francesco Canepa; editing by Mark Heinrich)