Saturday 21 January 2017

We can't ignore alarm bells on property market again

Published 04/11/2015 | 02:30

Locking people out of the market who can afford to pay is in nobody’s interest. Photo: Frank McGrath.
Locking people out of the market who can afford to pay is in nobody’s interest. Photo: Frank McGrath.

Those hoping to buy a home will not be too taken aback by the declaration that the mortgage market is in its most dysfunctional state in the last 25 years.

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This was the verdict of Michael Dowling, who happens to be chairman of the Irish Brokers Association's mortgage committee.

Mr Dowling lays the blame on the head of the Central Bank.

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