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Property Slump Raised At North South Meeting

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Finance ministers from both sides of the border are to hold emergency talks over fears that Northern Ireland property prices could be set to nosedive.

The warning was raised at the top-level meeting of the North/South Ministerial Council in Dublin on Monday.

Taoiseach Brian Cowen said there were concerns about the number of Northern Ireland properties which will be taken over by the Republic's new National Assets Management Agency (NAMA).

UTV News link to article

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What is a nose-dive anyway - and is it different from a CRASH!!!

Maybe crash is too emotive a word - how about anyone of these...

"re-adjusted, negative growth, contracted, come back to normal levels, reached the trough, bargain prices, never to be seen again prices"

The impact of all of this "pent-up demand" of thousands of houses in NI could totally saturate the market.

Hitting prices.

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fears that Northern Ireland property prices could be set to nosedive

So some are frightened of normality being resumed?

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