Property price fall of 30-50 p.c. possible if credit growth not curbed (FINANCE: February 2000) |
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The article said: 'Predictions are being made of 20 per cent growth in property prices this year. Irish households are borrowing like never before. In the US, private debt has risen to 130 per cent of GNP and is seen as unsustainable. William Slattery says the same is true in Ireland in relation to property'. |
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