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IMF warns of Irish housing slump

jetski · 2008-04-04 09:42:37

Ireland and the UK are among the countries most likely to follow the US into a housing slump after residential prices surged in recent years, according to the International Monetary Fund. In its World Economic Outlook, the IMF said economies that allow easier access to mortgage credit and use homes as collateral are more…

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04-04-2008 10:42am

#1

jetski

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Ireland and the UK are among the countries most likely to follow the US into a housing slump after residential prices surged in recent years, according to the International Monetary Fund.

In its World Economic Outlook, the IMF said economies that allow easier access to mortgage credit and use homes as collateral are more affected by house-price movements.

It said: 'Countries that look particularly vulnerable to a further correction in house prices are Ireland, the United Kingdom, the Netherlands, and France.'

http://www.rte.ie/business/2008/0404/housing.html

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#2 04-04-2008 11:55am
tHE vAGGABOND

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*cough* Housing Bubble Bursting Thread

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