Dublin property prices falling by €4,500 a month

[Kevin Doyle]

http://irishhousepricesfalling.blogspot.com/ has not updated in 11 days.

Does that mean that the rise is back on?

Are you seriously suggesting that property is moving at even a sliver of the pace it was even this time last yr.

Properties are staying on the market longer and longer and longer.

Prices are falling as has been demonstrated on this thread. As it gathers pace a crash becomes more and more inevitable.

I know people have been saying there will be a crash for a while now, to the point that the uninformed have a premise to dismiss it as alarmist but all that happened was the predicitions where premature.

There will be a crash. It is an economic, historic, dynamic certainty.

[feargach]

Are you seriously suggesting that property is moving at even a sliver of the pace it was even this time last yr.

I'm not aware of any relaible readings that relate to present data. In general, we only have hindsight to guide us.

[Sidewinder]

I'm not aware of any relaible readings that relate to present data. In general, we only have hindsight to guide us.

Well, we have Daftwatch. That clearly shows inventory continues to build steadily. We also have huge amounts of anecdotal tales of houses sitting on the market for months on end, something unheard of for the last decade. All pointing to a massive slowdown in sales volume.

[asknoquestions]

I'm not aware of any relaible readings that relate to present data. In general, we only have hindsight to guide us.

Well, we have Daftwatch. That clearly shows inventory continues to build steadily. We also have huge amounts of anecdotal tales of houses sitting on the market for months on end, something unheard of for the last decade. All pointing to a massive slowdown in sales volume.

can you post a link to daftwatch? I could not find it on google this morning.

sorry edit - found it http://daftwatch.atspace.com/

[Sidewinder]

http://daftwatch.atspace.com/

Still the #1 result on Google if you search for "daftwatch" ??

[asknoquestions]

http://daftwatch.atspace.com/

Still the #1 result on Google if you search for "daftwatch" ??

yep, I found it but it was page not displayed, I thought it may have moved. seems ok again now.

[feargach]

I take daftwatch with a pinch of salt because it's no use for non-internet sales.

It's like only looking at Aldi and Lidl when surveying for grocery prices.

The internet is for bargain-hunters and unusually desperate sellers.

[Diatom]

I take daftwatch with a pinch of salt because it's no use for non-internet sales.

It's like only looking at Aldi and Lidl when surveying for grocery prices.

The internet is for bargain-hunters and unusually desperate sellers.

Wrong... All houses for sale at all the Major Estate agents are Listed on Daft and/or Myhome by the agents themselves as part of their automated listing systems...

After all "MyHome.ie was launched in February 2001 and under the ownership of Sherry FitzGerald, Douglas Newman Good, Gunne, AIB and a number of smaller shareholders."

From http://www3.myhome.ie/utilities/sitestatement.asp#16

[feargach]

OK you may be right, but I'm still not going to take internet info seriously.

Especially in such a bull-infested market as housing.

[pluralist]

http://money.cnn.com/2007/02/15/real_es ... tm?cnn=yes

"NEW YORK (CNNMoney.com) -- The slump in home prices was both deeper and more widespread than ever in the fourth quarter, according to a trade group report Thursday.

Prices slumped 2.7 percent in the fourth quarter compared to the fourth quarter of a year earlier, according to the report from the National Association of Realtors. That's the biggest year-over-year drop on record, and follows a 1.0 percent year-over-year decline in the third quarter."