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Ireland Warned

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Ireland warned property slump looming

THE Irish property market faces an “abrupt” downturn at the end of next year and not the soft landing predicted by the Government, the International Monetary Fund (IMF) warned yesterday.

It issued one of the strongest warnings yet about the overdependence of the economy on construction.

It also raised serious concerns about the spiralling levels of personal debt and continuing increases in the cost of houses.

These trends corresponded with a downfall in exports, leading the IMF to echo the sentiments of the Central Bank report last month which warned about unbalanced growth.

IMF

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I know several Irish builders who have large UK BTL portfolios. If things turn sour at home, they'll be looking to cover their losses.

The Irish are the largest investors in UK residential real estate. If it pops here then I'd expect the UK BTL market to take a hit.

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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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