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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