Central Bank data shows that the quarterly increase of Irish real estate held by funds in the State slowed to 3 per cent in the first quarter of 2017, to €13.7 billion.

It is too early yet to draw any conclusions but certainly something to keep on your radar.

{ The level of growth of Irish property in previously ultra tax-efficient funds slowed down in the first quarter of this year, following a clampdown on the use of such vehicles to shield real estate from the taxman, according to the Department of Finance.