Tag: house prices
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Ireland- subsiding housing market failure
Economics has a lot to say about market failure, its causes consequences and resolution. The government know these. Indeed, at the cabinet table sits a man with formal economic training, in Richard Bruton, who knows these things. If they don’t, or have forgotten, then a phone call to the Government Economic Service will refresh or…
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Would maximum Loan to Value Ratios have much effect on Dublin House Prices?
The central bank of Ireland is rumoured to be interested in imposing loan to value limits, as well as loan to income limits, on mortgages. The objective here, it appears, is to try and cool down the housing market in Dublin. A big part of the problem in the Dublin market, which is going gangbusters, is…
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Yes, Dublin property really is in a (nominal) bubble
I have written a number of times about the usefulness of the Phillips GSADF test for bubble detection. It has been used extensivly for bubble detection. google “gsadf bubble” if you dont believe me. So…
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It may not be a technical house price bubble but it sure looks like one..
so…. another CSO release of house price statistics. Recall that a bubble is where prices deviate fundamentally from their warranted levels. We know that there are massive supply constraints in the dublin region so we should see house price appreciation. But this much? The largest ever year on year percentage rise ? We are back to…
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Fundamental bubbles in Irish House prices?
So. A gallery of SupADF tests. Who doesnt like some right tailed unit roots of a saturday morning eh? I have blogged on these tests for bubbles before : see here, here, here . I leave you to make your own conclusions…
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Too late to stop a Dublin house price bubble?
And on it goes. The latest house price data from the CSO indicate the two Irelands continuing to diverge. On one hand we have Dublin (and to some extent the rest of the urban areas) growing like gangbusters, while on the other hand the stagnation intensifies in the rest of the state. This is clear…
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Do we really need credit side intervention in the irish housing market?
So the government plans to help new homebuyers to get houses. This will be done by the state guaranteeing mortgages of up to 95% LTV for first time buyers. Riiight… Lets see how expensive or cheap houses really are in the long term perspective… (note – this data is quite dirty on the house price…