Saturday 25 November 2017

Housing crash is over as market 'bottoming out'

RATING agency Moody's says Ireland is at the end of the housing crash – with price falls and arrears both bottoming out.

Mortgage losses already clocked up still have to be borne by the banks – but "debt forgiveness" rather than repossession will be the solution in the majority of cases, the agency said.

Irish Independent

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