Folks, we should begin discussions on the current state of the property market. Why? Because we are a strange obsessed breed that loves the aul bricks and mortar.
Property prices rise for third month in row amid hopes the worst is over - Property & Mortgages, Personal Finance - Independent.ie
Our media are constantly feeding us with drivel about a "soft landing", "at the bottom", "near the bottom", sitting on our bottoms, etc etc.A THIRD month in a row of property price rises across the country has prompted hopes that the worst may be over for the bombed-out market.
After five years of price plunges, there was also a strong rise of 2.4pc in house and apartment prices in Dublin.
Are we at/near the bottom? Is this the classic dead cat bounce? Is NAMA restricting supply? Is the government desperate to make an artificial floor with terrible thoughts that property = economic boom? Will there be more measures introduced by government to try lure/trap people into buying? Or will we soon be entering into the Japanese style crash?