Irish real estate market growth slowed by Central Bank restrictions

The Irish real estate market experienced a healthy looking uplift in 2014, but slowed a little during 2015. In particular prices for residential property in Dublin actually decreased by 1.3% in November 2015, although they remained 3.3% higher than 12 months previously. Image credit: Picography via Comparing prices now to the boom time of

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Irish Government Agency Tries to Woo Home Buyers

The Irish property market is still in dire straits, and the government set up the National Asset Management Agency (NAMA) 18 months ago to acquire risky assets, and to look at new ways of attracting buyers back into the market. Ireland received an €85 billion European Union bailout last year, necessitated by the boom and

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Irish Banks Must Find $18.4 billion to Pay Real Estate Debt

Banks in Ireland are in a world of hurt, if a stress test performed by the Irish Central Bank is anywhere close to reality.  According to the results, Irish banks may need at least $18.4 billion USD or 13 billion Euros to cover all of the debt from bad real estate deals. Last year the

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