Last week I went for a walk with a contact who raises funds for Irish property deals. Towards the finish, I asked him, where does he see the risk? Where will the next Irish property crash come from? He said, in his view, the risk is that a decision would be made in New York or Zurich boardrooms to pull the plug on Ireland. And that overnight, the international funding on which the Irish property market has come to develop could dry up. I remembered our conversation yesterday when a story was published in The Irish Times – and then…

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