Saturday June 6, 2020

Banks box clever as warning signs grow in property market

One of the most noticeable aspects of the Irish investment climate in recent weeks is that some of the country’s leading banks appear to have changed their tunes on the property market.

29th April, 2006

One of the most noticeable aspects of the Irish investment climate in recent weeks is that some of the country’s leading banks appear to have changed their tunes on the property market.

The banks have for years been arguing that property valuations here have been supported by what they call ‘‘strong fundamentals’’ and, it is fair to say, they have been largely proved right.

But investors should note that...

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