Sunday 30 April 2017

Economic warnings offer us a healthy sign that we can build a way to proper growth

Construction workers on a building site. Photo: PA
Construction workers on a building site. Photo: PA

Tom Parlon

Last week, there was a lot of déjà vu going around. We had several warnings that the economy is beginning to overheat, that we were experiencing a new property bubble and that the rate of house-price increases was back to Celtic Tiger levels.

The truth is that the construction industry welcomes these warnings. To us, they are the signs of a healthy early warning system for prudent and sustained economic growth.

The Esri, the Central Bank, the Irish Fiscal Advisory Council, the EU Commission, the European Central Bank and many others are all circling the property sector keeping a watchful eye on property.

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