Irish Banking Federation

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According to the latest release of the Irish Banking Federation's Housing Market Monitor transaction volumes in the republic increased 14.4% in the first quarter of this year compared to the same period last year...
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The so-called credit-crunch was onomatopoeic in the case of Ireland; it chewed up the economy and property market and spit them out. But it has to be said that the Irish government dealt with the crash decisively and efficiently, perhaps more so than most...
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Prices in the whole of Ireland rose 0.2% in the month ending May, and were down just 15.3% on the year. In Dublin, which was the hardest hit by the crisis, price also rose 0.2% on the month in May...
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Spain, Ireland, the UK and the US have a pretty similar story to tell when it comes to their path from economic glory to gory. Obviously there are differences in one way and another, but all of them made it too easy to get too much credit, especially mortgage credit...
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