Friday August 7, 2020

Brokers predict major slowdown in housing market

Mortgage brokers have predicted that house-price inflation will drop to zero next year, and have warned of ‘‘a small risk’’ that property values will fall in 2007 for the first time in 12 years.

12th August, 2006

Mortgage brokers have predicted that house-price inflation will drop to zero next year, and have warned of ‘‘a small risk’’ that property values will fall in 2007 for the first time in 12 years.

The brokers are uniquely placed in the €30 billion new mortgage market to detect early warning signs of a slowdown in the housing market.

Michael Dowling, president of the Independent Mortgage Advisers’ Federation (IMAF), which represents the country’s brokers,...

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