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Irish property bubble : ウィキペディア英語版
Irish property bubble

The Irish property bubble was the collapsed overshooting part of a long-term price increase of Irish real estate from the late 1990s to 2007 in a period known as the Celtic Tiger. In 2006 the prices peaked at the top of the property bubble, with a combination of increased speculative construction and rapidly rising prices, in 2007 the prices first stabilised and then started falling until 2010. By the second quarter of 2010, house prices in Ireland had fallen by 35% compared with the second quarter of 2007, and the number of housing loans approved fell by 73%.
The fall in domestic and commercial property prices contributed to the Irish banking crisis. House prices in Dublin were at one point down 56% from peak and apartment prices down over 62%.
For a time, house prices returned to 20th century levels and mortgage approvals dropped to 1971 levels. As of December 2012, more than 28% of Irish mortgages are in arrears or have been restructured and commercial and buy-to-let arrears are at 18%.
Since early 2013 property prices in the country have begun to recover with property prices in Dublin up over 20% from their nadir.
== The bubble years ==


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