Property wobbles

handlemaster

https://www.irishtimes.com/business/economy/the-end-of-the-global-housing-boom-1.3582836?mode=amp

IT talk of property move ments I suspect ours is a few years off

seamus

We're not seeing a particularly massive influx of investment in our market at the moment, so any bearishness about the likes of New York or London likely won't be felt much here.

The massive levels of demand and low levels of building also mean that even if investment funds were to start selling up apartment space in Dublin City Centre in order to offset losses elsewhere, you won't see a mass exodus of money, and vacant properties everywhere. The high levels of domestic demand mean it's more likely to be a slow decline in prices while the market evens up supply against demand again.

"That sounds awfully familiar to a soft landing fantasy", but the same conditions don't apply this time, especially around lending and banks' finances. There is no reason to expect that banks would stop lending, given the robust rules they're already operating under.