Property hype is overblown

During the so-called Celtic Tiger years, we had the Government, the banks, the ESRI and other groups helping to stoke the fire that led us into the financial ruin we are now in.

Unlike the long-awaited green shoots that have as of yet failed to sprout, some of these vested interest groups are once again sprouting up and starting on a similar path of incitement as before, by predicting a significant rise in house prices this year.

They are trying to convince people that the property rollercoaster train is about to leave the station and that the time has come for the people to buy their tickets before it is too late.