OECD: Rising property prices and 'disorderly Brexit' could push Ireland into recession

The Organisation for Economic Co-operation and Development (OECD) has warned a disorderly Brexit “could plunge the Irish economy into a recession” and that further surges in Irish property prices could lead to another boom-to-bust cycle.

The latest economic outlook suggests the the influx of foreign investors, who are responsible for around half the investment in the commercial property market, could create a new source of risk and the market is "vulnerable to rapid changes in prices".