Why the ‘stretched valuation’ of commercial property should make us worry
There are now major question marks hanging over the supposed value of commercial property assets in Ireland – and the Central Bank has identified this as a threat to the health of the economy
The Central Bank of Ireland (CBI) last week issued its first deep-dive analysis for 2023 on the health of the Irish economy, as it published its financial stability review for the first half of the year. The overall summary was positive.
The Irish economy has proven more resilient than anticipated, the vast majority of households and businesses have weathered the inflationary shock so far thanks to modest borrowing levels, and the general banking system is ...