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About LinkBacksRate of house price decline increasing | BreakingNews.ie
Predictions of a return to growth may have been premature
Still a bit to go on this one I think
Rate of house price decline increasing | BreakingNews.ie
Predictions of a return to growth may have been premature
Still a bit to go on this one I think
Nah, Cowan said that economic growth will pounce back up next year with house prices following that. Plus NAMA will take 15 years to sort out....
Of what base ?Originally Posted by todaytonight
Given there is no Land Registry in Ireland and not all house are bought with the aid of mortgages then their date is reliant only on what they are seeing.
The soft landing is getting softier landingier.
Apart from vested interests I can't understand why anyone would be surprised by thisAll the fundamentals here are awful and could get even worse if the rest of the world recovers anytime soon given the threat of this leading to the specter of increased inflation and interests rates which would cause total meltdown in this country.
PS - Not to mention the fact in Kildare at least theres still loads of overpriced rubbish on the market
Just got a 25% rent reduction. I'm loving this recession.
As for 'predictions of a return to growth' - this is very unlikely to ever happen. There is just too much supply.
Exactly too much supply plus the fact that people are leaving the country and most of these ghost estates will remain just that. Painfully slow drops at the moment
Exactly. During the boom people were happy to publish successful sales. Like a pat on the back it showed how smart someone was if they sold at a profit. Now however we have very little sale data in the public domain. Irish permanent tsb look like they are trying to divine the tea leaves. Can someone put together a survey of surveys to show real sales figures. Or else we should go down the road of the U.S. and their databases called maps. Works a bit like daft- search by area and lists all transactions historically, by area street and by house. We need some real price discovery-transparency right now to help halt the slide- or at least find a bottow. Otherwise we will have a slow rot- as someone posted elsewhere- a la bernard williams in lord of the rings!haha.
this machine kills fascists...
Simple economics:
People are losing income and some are leaving the country
----> Rents are falling ----> Income potential from property is falling ----> value of property is falling ----> GAP BETWEEN TRUE VALUE AND PRICE IS WIDENING, not closing
so the Governemnt and Estate Agent line that we are at the bottom of the cycle is complete BullSh*t
I'm at 230K with nothing happening down from 360K. I expect to have to go below the 200K mark and probably would now if I could get any kind of an offer.
Had to pay €250 for a BER cert so that potential buyers would know I didn't have solar panels or a windmill. Talk about stating the obvious.
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