Friday 9 December 2016

Armoured cars for politicians who don't change tack

We are heading for another property bubble because there is no control over the market.

James Fitzsimons

Published 13/04/2014 | 02:30

Activity in the property market has ramped up
Activity in the property market has ramped up

The property market is returning to normality, but normal back then was mayhem and that's where things are heading again. Last year prices in Dublin started to rise, even though they were still falling outside the capital. That is changing and most places nationwide are experiencing growth. We are heading for another bubble because there is no control over what is happening and the Government is fanning the flames.

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The Minister for Finance, Michael Noonan, has trashed the idea of another property bubble. It's easy for him to say. He and the cushioned elite may have no worries about where the money comes from to pay the bills. But many private sector workers and the self-employed have carried this burden for far too long.

Frontline and middle-ranking public servants are suffering too. It's high time the minister faced the facts. Things have got to change, or the frenzy will start all over again.

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