Thursday October 22, 2020

Year to forget for overseas property

Rising interest rates are just one reason for the downturn in a previously lucrative market.

1st December, 2007

Rising interest rates are just one reason for the downturn in a previously lucrative market.

The Irish overseas property industry must be wondering what it has done to deserve a truly awful 2007. A number of scandals have rocked the sector and conditions in certain parts of the market are now so bad that many smaller operators are contemplating shutting their doors.

In a way this was inevitable - the sector had expanded so much since...

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