Country at risk of 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

More in this Section

LVA chides Dublin pubs on takeaway sales and outdoor drinkingLVA chides Dublin pubs on takeaway sales and outdoor drinking

Seahorses, snakes, and wildcat teeth seized by customsSeahorses, snakes, and wildcat teeth seized by customs

Top civil servant queried change to political pensions info ruleTop civil servant queried change to political pensions info rule

Man due in court after shots fired at gardaí in CorkMan due in court after shots fired at gardaí in Cork


Lifestyle

Liz O’Brien talks to Niall Breslin about his admiration for frontline staff, bereavement in lockdown, his new podcast, and why it's so important for us all just to slow down.Niall Breslin talks about losing his uncle to coronavirus

Podcasts are often seen as a male domain — see the joke, 'What do you call two white men talking? A podcast'.Podcast corner: Three new podcasts from Irish women that you should listen to

Esther McCarthy previews some of the Fleadh’s Irish and international offerings.How to attend the Galway Film Fleadh from the comfort of your own couch

Whether you’re on staycation or risking a trip away, Marjorie Brennan offers suggestions on novels for a wide variety of tastesThe best fiction books for the beach and beyond this summer

More From The Irish Examiner