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Irish property 2001

Tiesto · 2008-01-06 19:51:20

Hi all. Had a conversation with a mate recently which gave rise to the question.. Was the Irish property market effected in anyway as a result of the 9 11 terrorist attacks in the U.S. Simple as that :) Thanks

06-01-2008 7:51pm

#1

Tiesto

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Hi all.
Had a conversation with a mate recently which gave rise to the question..
Was the Irish property market effected in anyway as a result of the 9 11 terrorist attacks in the U.S.

Simple as that

Thanks

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Comments

#2 06-01-2008 9:14pm

A Random Walk

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Indirectly and hugely. In response to 9/11 and the start of a recession following the tech bubble collapse, Central Banks worldwide slashed interest rates - to 1% in the US. This appears to have caused a worldwide bubble in property prices which is only now deflating following the actions of Central Banks to reverse the low interest rates.

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