Slowdown predicted

CRH boss Liam O’Mahony, warned yesterday the Irish property boom cannot go on forever but believes it is too “pessimistic” to talk about a bubble or the possibility of a sudden house price crash.

Demand in the housing market is still driven by a strong Irish economy, a growing population, full employment. But Mr O’Mahony said he foresees some easing in the demand for housing this year.

But he dismissed any real danger to the housing market.