The Organisation for Economic Co-operation and Development has warned that rapid rises in Irish property prices are “reminiscent of the bubble period of a decade ago” and has called on the Government to act on the issue.
“Further macro-prudential tools should be used, if necessary, to prevent investors becoming excessively exposed,” the OECD said in its annual Economic Outlook, published yesterday. The Paris-based body did not specify the interventions it would favour.
Read the full details in the Irish Times
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