Property price raises doubts over Irish ‘bad bank’ / Emigration rises as Celtic tiger loses growl

Two surveys published on the 3 October 2011 showed prices had fallen as much as 55% from their peak in parts of Dublin, plunging hundreds of thousands of homeowners into negative equity and further dampening consumer spending.

Falling prices were also raising questions over the ability of Ireland’s National Asset Management Agency – the 'bad bank' set up to take over Irish banks’ toxic property loans – to turn a profit on the loans it now controls.

ESO: Background information: Euro zone's poorest face rising home foreclosures http://www.europeansources.info/record/euro-zones-poorest-face-rising-home-foreclosures/

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