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Was that a "pop"? -The Irish Property Market national |
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other press
 Thursday November 09, 2006 12:09 by The Unwelcome Guest - thepropertypin
 Irish Property Market Rides Slope Of Hope "If you accept that the bubble has popped, which most casual observers would, then we will have a period of rising inventories, falling sales and static price growth. There is nothing supporting current valuations, no supply deficit, potential investment returns, prospects of cheaper financing or outside macro economic developments. Perennial warnings about the Irish property bubble / boom / crisis, have long made people sceptical about the entire issue. But the warning signs have been coming thick and fast over the previous months and the Q3 results from Daft are in, 5% approximate drops in the south and north Dublin county and more drops in the city itself. With lending institutions being told to reign in credit by the Central Bank, another interest hike from the ECB on the way, will there be a flood of investors seeking to realise value before the soft landing turns into a crash? |
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Jump To Comment: 1"extensive, informed, articulate, balanced and entertaining commentary on the impending collapse of the Irish property market" - askaboutmoney.com on thepropertypin