The celtic tiger was just a celtic bubble.
I hope this means they stop exporting their tacky leprechaun and clover "culture" to these shores.Nick
You're a twat, Nick.
An Irish friend of mine has several BTL properties in Ireland with total mortgages of £2Million. He thinks he will be fine.I don't.VMR.
Your friend is a millionare.For now.
I am in Ireland at the moment and everywhere I go, I see new developments - concrete block built bungalows in the middle of nowhere... and yes they are empty... well a lot are.Seems they were built using EU grant money and now they reckon 1 in 6 houses in Ireland are empty.There has been a boom here - a self feeding one I think.God knows what all the 1000's of builders will do when this boom ends... I think it has ended in fact.Property prices are ferocious here still - they have come down by 18% in the last year but I still do not see how anyone can buy at these levels.I doubt many Brits will be buying either - what with the Euro/£ exchange rate writing off the reduction iin price.Noticed also that prices in supermarkets here are way over UK for identical items... petrol and diesel is cheaper mind !
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