Ireland’s next property crash will happen in seven years

We are headed for a property crash in about seven years, writes Karl Deeter.

To contemplate that now — when the main issues are undersupply and rapid price increases — may seem odd, but even a squirrel puts aside nuts in advance of the winter, not after it arrives.

Property has cycles. I believe we are in the latter half of a property cycle and that the next seven years will be destructive to the housing market generally and individual balance sheets in particular. Thankfully there is still time to blunt the blow but it is unlikely that anybody wants to take the prescribed medicine in advance.