Price Crash Forecast for Irish Housing Bubble

April 18, 2007 (EIRNS)--RTE, the national television network of Ireland, broadcast a documentary on April 16 warning of a nationwide housing price crash. The documentary, called "Future Shock: Property Crash," made by journalist Richard Curran, warns about the danger of a 30% collapse of property prices in Ireland, which has been suffering a big house price bubble.

Curran warns about the falling US dollar, the downsizing of the construction industry in Ireland, and questions whether banks and other institutions have behaved responsibly towards "exposed groups such as first time buyers." Curran also looks at the effects of other property crashes, including the British 1990s debacle, on Irish emigrants. Curran is Deputy Editor of the Sunday Business Post .