Bank boss: No property bubble

The chief executive of the country’s third-largest mortgage lender has said that current house-price inflation is not a concern, contradicting claims made last week by Denis Casey, Permanent TSB boss, that the surge in prices in the first quarter of

1st April, 2006

The chief executive of the country’s third-largest mortgage lender has said that current house-price inflation is not a concern, contradicting claims made last week by Denis Casey, Permanent TSB boss, that the surge in prices in the first quarter of 2006 had become a problem.

Cormac McCarthy, group chief executive of Ulster Bank Group, said there was no price bubble building up and that normal market forces would see a stabilisation in the property...

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