Country at risk of another property bubble

The country could be about to get caught up in another property bubble.

Country at risk of another property bubble

The country could be about to get caught up in another property bubble.

A UCD academic says that prices are being pushed up by international firms investing in buy-to-let premises.

Michelle Norris is warning those overseas firms could pull out of Ireland "in the morning", bursting the bubble.

Architect Mel Reynolds says it is part of a pattern:

"We're probably one of the most volatile markets in the world, we're certainly the most volatile in Europe," he said.

We have these cycles where we have a boom followed by a bust, prices start spiralling and unfortunately policy, in particular, policy in the last four years, appears to facilitate this and amplify it.

Digital Desk

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