The part that the collapse in the Irish property market played in destroying the Irish economy has been well documented. The 2007 height of the market now seems like an eternity ago with prices falling by as much as 47% according to the Irish Central Statistics Office (CSO). The market collapsed, the banks collapsed, the economy collapsed. The EU, IMF and ECB provided loans to Ireland to keep the country running on condition that part of these loans was used to pay back bondholders in Europe, many of whom were based in Germany and France. The punitive rate of interest … Continue reading Irish Property Market May Rebound