Careful, it’s your first time
Until quite recently, the white smoke emanating from Ireland’s property market was of the easy to read variety. Prices were soaring to highs that induced bouts of dizziness in even the most levelheaded of homeowners, and the masses clamoured to pour
In the last year, however, that climate of hyperactive certainty has transformed almost beyond recognition. The first blow was the interest rate hike in December 2005.This signalled the start of a cooling policy by the European Central Bank, which would see five 0.25 per cent rate rises in less than a year.
The result was twofold. On one hand, buyers found that their borrowing power had been slashed by as much as 25 per cent. And...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine