Tag: house prices
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Earnings and House Prices In Ireland
So… House prices (defined here as all houses, national and dublin) have been rising steadily for some time now, since Q2 2012 in fact. And earnings (All sectors, average weekly wage) ? Not so much. But im sure it will be fine. Wont it?
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Have house prices in Ireland turned a corner ?
One argument that can be made on house prices is that its the year-year % change that is relevant, not the month-month. So here is that data for Ireland. Feel free to draw your own conclusions…..
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Buy to Let and other residential investments : why dont people sell?
One of the features of the Irish residential property boom and bust was the large number of people who purchased residential property for investment purposes. Figures for end 2012 suggest over 150,000 investment mortgages, accounting for some €31b. Now that the market has fallen a question that is often asked is why we do not…
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Can investors not afford firesales or just dont want to engage in them?
Property prices in Ireland have dropped precipitously and yet we still see few (apart from those that Alssop Space) enough investment properties (buy to lets) coming on the market deeply discounted. A fascinating study (firewall alas) suggests that it is not simply an unwillingness or inability to lock in the loss that causes people to hang on. The authors employ a survey of 750…
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Danish Mortgages in Ireland? No thanks
Senator Sean Barrett introduced a bill into the Senate this week to in effect restructure the Irish mortgage market along Danish (aka rational) lines. Stephen Kinsella on IrishEconomy has a post on it where he notes that the Minister nixd the bill on essentially four grounds 1. We are not, nor were we ever, Denmark.…
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House vacancies by census area
Rob Kitchen looks at some of the startling figures on vacant houses here with some sobering outcomes
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Where do people see new house prices going? down….
So, a totally unscientific poll over the last few days (promoted by my post on property) has confirmed what I and I suspected many others felt : people do not see any improvement in house prices. For what its worth, and no this is not scientific (well, by Sunday Independent standards maybe, it has nearly…
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Where is the housing market going in 2012?
This is an extended version of a column published in the Irish Examiner on 7 January 2012. http://www.examiner.ie/business/uncertainty-over-end-of-fall-in-house-prices-179355.html In the last week a number of publications have emerged which indicate that far from the house price crash reaching the bottom it appears, at least if you believe Daft.ie, to be accelerating. Daft.ie suggest that the…