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Thread: Residential Property Prices fall by 3.3% in the year to January 2013

  1. #1
    Politics.ie Member Belodedici's Avatar
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    Default Residential Property Prices fall by 3.3% in the year to January 2013

    In the year to January, residential property prices at a national level, fell by 3.3%.
    This compares with an annual rate of decline of 4.5% in December and a decline of
    17.4% recorded in the twelve months to January 2012.

    Residential property prices fell by 0.6% in the month of January. This compares
    with a decrease of 0.5% recorded in December and a decline of 1.9% recorded in
    January of last year.

    In Dublin residential property prices rose by 0.5% in January and were 2.1% higher
    than a year ago. Dublin house prices rose by 0.3% in the month and were 2.8%
    higher compared to a year earlier. Dublin apartment prices were 4.6% lower when
    compared with the same month of 2012.

    http://www.cso.ie/en/media/csoie/rel...pi_jan2013.pdf

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    Quote Originally Posted by Belodedici View Post
    In the year to January, residential property prices at a national level, fell by 3.3%.
    This compares with an annual rate of decline of 4.5% in December and a decline of
    17.4% recorded in the twelve months to January 2012.

    Residential property prices fell by 0.6% in the month of January. This compares
    with a decrease of 0.5% recorded in December and a decline of 1.9% recorded in
    January of last year.

    In Dublin residential property prices rose by 0.5% in January and were 2.1% higher
    than a year ago. Dublin house prices rose by 0.3% in the month and were 2.8%
    higher compared to a year earlier. Dublin apartment prices were 4.6% lower when
    compared with the same month of 2012.

    http://www.cso.ie/en/media/csoie/rel...pi_jan2013.pdf
    There is a significant difference in the Dublin market with prices in the so called better areas stabilising and rising. Anecdotal evidence shows increased numbers attending viewings etc. If the banks start releasing mortgages it will all kick off again.

    GET IN EARLY!!!!

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    Politics.ie Member Howya's Avatar
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    How many times in the next few days will we hear the phrase "the property market is stabilising"?
    “Still paying, still to owe. Eternal woe! ” ― Paradise Lost, John Milton

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    Politics.ie Member Belodedici's Avatar
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    Quote Originally Posted by freewillie View Post
    There is a significant difference in the Dublin market with prices in the so called better areas stabilising and rising. Anecdotal evidence shows increased numbers attending viewings etc. If the banks start releasing mortgages it will all kick off again.

    GET IN EARLY!!!!
    Yeah right, twisted sense of logic after that YoY decrease, just before the Property Tax, Water Charge, Broadcast Charge, Emigration statistics and the upcoming BTL Repossessions.

  5. #5
    Gimpanzee
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    Quote Originally Posted by Howya View Post
    How many times in the next few days will we hear the phrase "the property market is stabilising"?
    My rule of thumb in recent times is to divide the amount of times that I am told that it is not stabilising by two.

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    Politics.ie Member Howya's Avatar
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    Quote Originally Posted by Gimpanzee View Post
    My rule of thumb in recent times is to divide the amount of times that I am told that it is not stabilising by two.
    And the other favourite phrase - the rate of decrease is ameliorating.
    “Still paying, still to owe. Eternal woe! ” ― Paradise Lost, John Milton

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    Modest falls, with 290,000 people about to receive pay cuts I can't see too many changes this year.

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    But, but, but,

    The SINDO told me that prices were rising?

    How could this be?

  9. #9
    Politics.ie Member sic transit's Avatar
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    Quote Originally Posted by Howya View Post
    How many times in the next few days will we hear the phrase "the property market is stabilising"?
    It's probably nearer its bottom now and eventually it will. Probably sooner than some like to think.
    "There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self." Ernest Hemingway

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    Politics.ie Member Dublin 4's Avatar
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    The CSO Exclude cash sales- how many times does this have to be repeated.

    Dublin prices are collapsing- check Daft Drop & the Property Price Reg...

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