House Prices and Politics

Does anyone know what is going to happen to Northern Ireland’s house prices? I am not going to post any links because there are so many of them. Clearly there has been a colossal rise but are we in a slow down or a crash?

Now in the Republic of Ireland or in Great Britain, a house price crash could easily spell major political problems for the parties of government. Of course the respective governments might be partially to blame in such a scenario but even if they were innocent they might well fear the consequences of a crash.

Here, however, would a putative house price crash (if it did happen) have any effect at all on support for the parties of government? I presume even the most ardent supporter of the SDLP or UUP (or the most deluded supporter of the TUV?) would not suggest that. Clearly in Northern Ireland it is not “The economy stupid.”

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