Conall Mac Coille: Central Bank rules should curb price growth

Conall Mac Coille: Central Bank rules should curb price growth

It is worth remembering how wild Ireland’s mortgage market became during the Celtic Tiger era

Now that house price inflation has returned to ‘double-digit’ levels, it’s natural to ask whether the market is overheating and we are in danger of repeating the mistakes of the Celtic Tiger era. Certainly the 12.8 per cent residential property price inflation in September has been facilitated by the mortgage market. With few houses being built, or for sale, competition among buyers to purchase homes is intensifying – and they are taking out higher levels...

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