House market’s pot of gold could lose gloss

THE boom is back and the bubble could burst. Work that out if you can. Thanks is due to the Economic Social research Institute for the boom line, while the bubble has had several progenitors.

Being told the boom is back isn’t exactly news. Two key economists (key because I agree with the line) Dermot O’Brien of NCB and Dan McLaughlin of Bank of Ireland, never believed the boom was over.

They said that consistently and have been vindicated despite massive scepticism. In fact, that debate is old hat. Ireland looks set to grow by up to 5% per annum, the forecast made by NCB several years ago in its major assessment of what lay ahead for us.