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The recovery – possible threats
Internal
Property market – severe housing shortage leading to higher prices and
increasing rents in both residential and commercial sectors
•
Restructuring of mortgage arrears progressing very slowly leaving an
overhang of personal debt in the market
•
Banks still not providing sufficient credit to the market, particularly to
SMEs
External
•
Interest rates need to remain low
•
Euro need to remain weak vs £ and $
•
GREXIT – would make it difficult for Ireland to borrow
•
BREXIT – would be a disaster for Ireland and might le
•
ad to us considering our own membership
IGTA eJournal | Summer 2015 | 34