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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