RTE documentary ‘sensationalist’, say property analysts

Some property analysts have today described last night's TV documentary about a possible crash in the housing market as “sensationalist” and “irresponsible”.

The Future Shock documentary on RTÉ claimed property prices could theoretically fall by up to 30% in some areas due to overvaluation as a result of the recent boom.

However, experts say this scenario is highly unlikely to ever materialise and homeowners should not be too worried.

Marie Hunt from CB Richard Ellis says “irresponsible” scare stories like the one featured on the programme can actually damage the property market and the economy in general by undermining confidence.