Jump to content
House Price Crash Forum

Irish Police Prepare Files For Dpp "over Reckless Lending By Banks"

Recommended Posts


About time financial treason cases were held in the UK too.

..I like ....

The Fine Gael communications and energy spokesman said the bankers must be treated as subversives.

...wow ...think we had a few of those too....and even some in Government....some are even now in opposition .... :rolleyes:

Link to post
Share on other sites

..I like ....

...wow ...think we had a few of those too....and even some in Government....some are even now in opposition .... :rolleyes:

Oooo goody this could be fun!

Perhaps someone's found their cojones after all.

Link to post
Share on other sites


The Irish criminal assets bureau has an impressive record of seizing property and bank accounts ... and of driving IRA protection money overseas! But this looks like a vanilla fraud-squad investigation, so I don't expect much from it. At most it may take down the fcukers in Anglo Irish.

Anyone got a more informative link?

The opposition politician has a blog post on "frontloading the adjustment" - Vardakar, a good Irish name:


ps. the saddest thing about the Irish situation is that most people recognised the unfairness of excessive house prices in the late '90s, there was a huge public debate, and everyone thought the proposals by the Man From The Government (mostly to do with freeing up planning permission - UK please take note) would solve the problem. The same guy (Peter Bacon) is still running the government-proposals treadmill.

Edited by okaycuckoo
Link to post
Share on other sites

Things in general not looking so good in Ireland..............

"Ireland’s property catastrophe has worsened"


Curse of The Economist

The Economist is at us again: in its survey of global house prices out at the weekend, it said that only four of the 20 markets surveyed had posted year-on-year price declines and only Ireland’s property catastrophe had worsened.

We came bottom of its league, with a 17 per cent fall in prices between the third quarters of 2009 and 2010.

In another global house price survey, this one from estate agency Knight Frank comparing the second quarters of both years, we only came second from the bottom – Estonia recorded price drops of 31.5 per cent, nearly double the fall here, again, given as 17 per cent.

Cold comfort, of course, when the story told by both surveys is that property markets across the world are getting back on their feet, with Asia’s price rises leading the way– and we’re not at the party.

If you’re emigrating to Australia and thinking of buying, read The Economist’s words of warning. Aussie house prices rose by 18.4 per cent in the period surveyed and The Economist calls it the most over-valued of all the markets it tracked, wondering why Australia’s central bank has opted not to increase its interest rates. It makes approving noises about China’s moves just over a week ago to raise rates to cool its overheating market.

Other countries with heated housing markets include South Africa and Canada. Yes, according to Knight Frank, there’s speculation that the most sober of countries is entering bubble territory.

However, the Canadian government is on the case, raising its base rate three times this year and reducing “the maximum allowable amortization period from 40 years down to 35”!

Those conducting the surveys urge caution over the good news that house prices are on the rise in most markets, as there are still dark forces out there that we in Ireland know all too well about – availability of funding, austerity measures and so on – that could put things into reverse.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 433 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.