We do like to think of ourselves as something special: even if we are not always as special as we think we are. There can be little surprise that Ireland stood out from the crowd, however, since the subject was house price inflation from 1995-2007. Applying the new rules would send Ireland scudding across the chart into the tight credit sector. The core finding is that availability of credit is what matters when it comes to property prices. Property prices can be cut with the stroke of a pen, but reducing construction costs is a different matter entirely.

Source: Irish Independent May 10, 2018 01:30 UTC