Lack of credit and loss of trust cool ardour of Ireland’s foreign affair

The overseas property sector has changed almost beyond recognition over the past year.

Quite apart from the fact that agents are shutting their doors faster than they can be counted, the very foundations of the industry here have been shaken to the core by a number of events.

The credit crisis has obviously strangled access to funds, virtually suffocating the market. Banks will try to tell you that there is still access to ...