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Thread: FITCH - Irish House Prices to drop 20%

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    Politics.ie Member Burnout's Avatar
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    Default FITCH - Irish House Prices to drop 20%

    I have just heard this on RTE1 news and will check it out.

    "Fitch anticipates depressed mortgage lending, continued declines in house prices and pressure on incomes and consumer confidence. The ratings agency said that access to mortgage lending will continue to hamper property markets in a number of countries, including Ireland. "Banks maintain strict underwriting guidelines and are strongly restricted in their willingness and ability to lend, especially in peripheral eurozone countries," it said.

    What type of green shoot is that, turning the corner going forward. The common sense variety?

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    Politics.ie Member zakalwe1's Avatar
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    hope noonan has factored that into his property tax assumptions
    I liberate minds with my music. That's more important than liberating a few people from apartheid or whatever. - Kanye West

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    Politics.ie Member Mr. Bumble's Avatar
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    Yikes! Lots of clenched sphincters in banking cirlces.
    Cry your hardest now, it opens the lungs, washes the countenance, exercises the eyes and softens down the temper. So cry away.

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    Politics.ie Member Burnout's Avatar
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    And revenue are sending out valuations on your house based on what exactly, how much money they need?

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    Politics.ie Member ruserious's Avatar
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    You mean house prices are dropping to a realistic sustainable level?
    Boycott the "Irish" Sun rag.

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    Quote Originally Posted by Burnout View Post
    And revenue are sending out valuations on your house based on what exactly, how much money they need?
    they have a new simplified form


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    Quote Originally Posted by Burnout View Post
    I have just heard this on RTE1 news and will check it out. Another 20% seems right to me.
    Allsop recently sold apartments in Carrick on Shannon for 85% less than there purchase price in 2006 , does that mean i can get an apartment for free plus a 5% bonus for taking it ?

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    Politics.ie Member Burnout's Avatar
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    And Pat Rabbit wonders why there is an visual pall of cynisism in the country.

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    Politics.ie Member Socratus O' Pericles's Avatar
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    Quote Originally Posted by Bill View Post
    they have a new simplified form

    Try again!
    The truth of an idea is not a stagnant property inherent in it. Truth happens to an idea. It becomes true, is made true by events.

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    So much for the Indo telling us we "missed the boat" and their failed attempt to push up prices......again.

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