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Oecd Issues Another Crash Warning To Ireland

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PARIS (AFX) - The OECD said the Irish economy remains a star performer, but is vulnerable to external risks and the danger of a collapse in the housing market.
In its annual appraisal of the country, the OECD said: "The Irish economy continues to perform well. Growth remains strong, foreign investment is still coming in, industry has shrugged off global shocks and
house prices keep on climbing."
But it questioned how long this positive state of affairs can last.
"As one of the OECD's more open economies, Ireland is particularly exposed to external risks," it said.
"But if also faces domestic risks. House prices may have overshot fundamentals to some extent, although this does not imply that they will fall significantly and house building will eventually ease," it said.

OECD is covering itself at least by predicting the obvious and hedging a few alternatives!

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Don't worry, no crash coming, nothing to see here...

Keep borrowing, keep buying-to-let....What's that?...ah, rental yields. Well we don't worry about them. Why worry when you have capital growth of 10%?

Is it me or am I missing something?


The unique thing about crashes is that people never see them coming, that is why they happen.

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  • 301 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%

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