Affordable Housing in Northern Ireland, affected by US Housing crisis?

Question

I had attended a Conference run by the SDLP on Housing and asked a Question concerning Loans.

Will the Northern Rock fiasco due to the American Housing crisis have an effect on House Prices and affordability in NI?

Answer 1

Doubt it very much ..

Of course a lot of Irish move to USA, so it could be suggested that if houses are now cheaper over there this will encourage more to emigrate and thus there will be more Irish homes for sale over here, thereby depressing the price ..

HOWEVER the numbers involved are insignificant ..

Answer 2

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