Marie Hunt
Head of Research, C.B. Richard Ellis :
The increases in interest rates that we are likely to see during the second half of 2006 are unlikely to have any significant impact on property market performance in the short to medium term. In essence, while interest rate increases will curtail activity in some areas of the property market, they alone do not signal the end of strong property market performance
1st December 2005
The second hand housing market is showing signs of price stablisation but some new home buyers are getting nervous because of interest rate movements. This is more indicatative of a steady transition to more stable condition than a sign of a crash or bubble bursting.
31st July 2006
There has been a definite slowdown in the residential sector and that was to be expected. We were never going to have a sitaution where property prices would continue to grow by up to 20 per cent per annum.
Property will continue to appreciate but it will be at far more moderate levels and there is likely to be less investment amongst speculators in the residential property sector.
10th October 2007
The fundamentals that have been driving the Irish housing market for many years now are completely unique and cannot be compared to other economies.
It is also irresponsible to suggest that the ‘negative equity’ scenario that occurred in the late 1980’s in the UK could occur in Ireland
17th April 2007
