Rising rates set to start slow squeeze

Is there a ‘‘tipping point’’ for the Irish housing market, or are we facing into a slow squeeze on incomes from higher interest rates and rising costs, which will slowly take air out of the market?

3rd June, 2006

Is there a ‘‘tipping point’’ for the Irish housing market, or are we facing into a slow squeeze on incomes from higher interest rates and rising costs, which will slowly take air out of the market?

Next Thursday, the European Central Bank in Frankfurt will announce its third interest rate increase since December, probably increasing rates by a quarter of a percentage point, though a half-point rise cannot be ruled out....

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