Property market still a cause for concern

Marian Finnegan: Central Bank intervention on mortgage lending, lower than normal property transactions, and pressures on first-time buyers combine to make the direction of the market difficult to predict

13th December, 2014

Between 2007 and 2012, the Irish real estate market endured what we now know was the worst property crash in the developed world in the post-war era.

In 2012, the market turned a corner. Initially, this was only evident in Dublin when prices started to rise – albeit very moderately – in the second quarter of the year. This stability continued into 2013, spreading to the regional and urban centres. By 2014 stability had morphed into rapid...

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