Expert warns property market is returning to ‘bad old days’ of boom

Expert warns property market is returning to ‘bad old days’ of boom

l Rapid acceleration of commercial prices. People chasing too few sites with ‘crazy money’

A top executive at a specialist property outfit backed by the €80 billion US fund Oaktree has warned that the Irish property market is returning to the “bad old days of the Celtic Tiger”.

Pegasus Life is backed by the US giant Oaktree Capital, and has targeted the Irish market for an expansion of its British-based retirement homes business.

Director Roger Black said that the commercial property market was “almost like the bad old days of...

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