Property woes to continue despite reform
Speaking on RTÉ yesterday, Mr Cowen said his reforms were “a confidence-boosting measure but not a cure” for the market, which has seen prices fall 4.7% in the past year.
“At the moment there is an overhang in the market. There was record output [of new homes] way beyond what was required, and now the market is correcting itself and that will continue.
