| From Easier.com: Irish spend on property in 2008 is forecast to fall to €15 billion, down 60% from €45 billion in 2007 and a phenomenal 73% down from the peak of €54.4 billion in 2006 according to Joan Henry, Head of Research at Savills Ireland.
This is one of the main findings of Property Outlook, Savills regular property commentary. Savills say it is imperative that the government and the banks take immediate action to solve the lack of liquidity that is crippling both the residential and commercial property markets..... Full Article: Source
|