Central Bank's Fagan says "froth" removed from property market
Early adverse judgement of mortgage restrictions "premature"
The Central Bank's chief economist has said that early evidence suggests that measures introduced by the Central Bank to cool the property market have had a positive effect.
"Tentative evidence suggests that the measures have had a positive effect of removing “froth” from property prices, particularly in the Dublin residential market," Gabriel Fagan told the second annual Sunday Business Post Property Summit. "This is confirmed by the slowdown in price dynamics and evidence ...
