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Fortune
Fortune
Ryan Hogg

Trump tariffs could soften one of Europe’s most expensive housing markets—if tech workers face layoffs

The Ha'penny Bridge is a pedestrian bridge built in 1816 over the River Liffey in Dublin, Ireland. (Credit: Peter Unger—Getty Images)

Ireland’s complex, pricey housing market could face a downturn if Donald Trump’s trade war comes for the country’s well-paid tech and pharma workers, a new report has suggested.

A new report by MyHome and the Bank of Ireland suggests the Irish economy’s dependence on U.S. multinationals could lead to a dramatic reduction in prices of the country’s housing stock in the event that tariffs and tax changes from the home of Apple and Pfizer lead to funding cuts in Dublin.

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