House prices fall a massive 1.3pc in October: PTSB/ESRI

[kerrynorth]

A truly massive one month fall at 1.3pc bringing the fall YTD to 4.9pc. More details later.

[Akrasia]

September is the start of the 'Autunm selling season' unfortunately the autunm buying season didn't materialise. I predict a 1.6% drop in house prices for the month of October

[badboy2]

Thats not massive.

In fairness if a 5 euro share fell 6 or 7 cents in a month you would be upset, but you wouldn't jump out the window.

Massive might come but the market is not creashing yet.

Thats why we buyers are waiting, waving our bulging cheque books provocatively at the estate agent, while heading into the travel agent.

I hear Barbados is nice. The difference between rent and mortgae would allow me a few trips a year. I might buy a house over there.

[kerrynorth]

September is the start of the 'Autunm selling season' unfortunately the autunm buying season didn't materialise. I predict a 1.6% drop in house prices for the month of October

Sorry, my error, they are October figures.

[Akrasia]

on that basis i withdraw my prediction :P

[kerrynorth]

Thats not massive.

In fairness if a 5 euro share fell 6 or 7 cents in a month you would be upset, but you wouldn't jump out the window.

Massive might come but the market is not creashing yet.

Thats why we buyers are waiting, waving our bulging cheque books provocatively at the estate agent, while heading into the travel agent.

I hear Barbados is nice. The difference between rent and mortgae would allow me a few trips a year. I might buy a house over there.

Not massive? Annualised that is a 16-17pc a year fall!!

[locke]

September is the start of the 'Autunm selling season' unfortunately the autunm buying season didn't materialise. I predict a 1.6% drop in house prices for the month of October

Sorry, my error, they are October figures.

You do realise that Ard Lover will now be on here saying that figures have beaten expectations

[badboy2]

Thats not massive.

In fairness if a 5 euro share fell 6 or 7 cents in a month you would be upset, but you wouldn't jump out the window.

Massive might come but the market is not creashing yet.

Thats why we buyers are waiting, waving our bulging cheque books provocatively at the estate agent, while heading into the travel agent.

I hear Barbados is nice. The difference between rent and mortgae would allow me a few trips a year. I might buy a house over there.

Not massive? Annualised that is a 16-17pc a year fall!!

But given that the OECD thinks they are 30-40% overpriced.......

[andrew]

On a side note:
If people are interested in the property market I'd highly recommend thepropertypin.com. Its a good resource, effectively the P.ie for property. You'll also notice a fair few familiar usernames

[kerrynorth]

Thats not massive.

In fairness if a 5 euro share fell 6 or 7 cents in a month you would be upset, but you wouldn't jump out the window.

Massive might come but the market is not creashing yet.

Thats why we buyers are waiting, waving our bulging cheque books provocatively at the estate agent, while heading into the travel agent.

I hear Barbados is nice. The difference between rent and mortgae would allow me a few trips a year. I might buy a house over there.

Not massive? Annualised that is a 16-17pc a year fall!!

But given that the OECD thinks they are 30-40% overpriced.......

Plenty of time yet for that to come to pass. In real terms, including inflation, they are now down 10pc YTD.