Irish property market begins to self-correct

WITH so much going on in the political arena it would be easy to forget that we still have an economy to be monitored.

Goodbody Stockbrokers obliged earlier this week with a warning that housing activity has slowed faster than expected. House prices, however, will not collapse.

Sceptics still argue the dangers of a collapse cannot be ignored and one assessment of the market noted that prices in Finland and elsewhere fell 50% when markets slowed dramatically.