Private Banker org
THE runaway property market is finally beginning to cool and some homes are even seeing a drop in prices for the first time in more than a decade.
Estate agents said yesterday they had seen the first evidence of a “soft landing” after years of astounding growth.
But the Irish Auctioneers and Valuers Institute insisted there was no prospect of a property crash.
Its chief executive Alan Cooke said: “The soft landing seems to be happening. It won’t happen across the entire market in one fell swoop and it won’t hit geographically at the same time.”

Posted: 07|10|06 at 8:38 am. Filed under: Auction News.