Friday 25 May 2018

Don't bank on any easing of the mortgage loan limits

Brendan Keenan

Brendan Keenan

COME back interest rates, all is forgiven. Hard though it may be to believe now, one of the arguments in favour of joining the euro was that it would remove the small but significant risk difference between Irish and British interest rates. That, you will have noticed, has been the least of our worries.

National interest rates are not coming back though - at least not unless there is some humongous crisis which would make all the other problems fade in comparison. In the meantime, we are left with those problems. Thorny ones they are too.

For the moment, the big one is property. There is just no getting away from property, especially housing. The Irish obsession is well documented, but it is understandable to be obsessed with something which has been so unstable - both in price and quantity - so often.

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