Tuesday, Jan 16, 2007
No slowdown for NI house prices
BBC NEWS: No slowdown for NI house prices
Northern Ireland house prices continued to rise in December despite a slowdown in the United Kingdom market, according to a new housing study.
Posted by david20040_0 @ 11:47 AM (165 views) Add Comment
4 Comments
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1. Lvmreader said...
Real Estate Boom 1.0
Date: July 2000 issue
URL: http://www.japaninc.net/article.php?articleID=575
Compared to the real estate prices of the 1980s Bubble Economy, today's office rents are dirt cheap. Back then, a 100-dollar bill wouldn't buy the land it covered in downtown Tokyo, the Imperial Palace was worth more than California, and all of Tokyo could have bought all of the US. In theory, the Japanese could have bought the entire world by selling their archipelago. At the height of the bubble, Tokyo land prices reached $350,000 per square meter. Since that peak, prices have fallen by more than $5,000 billion, over 110 percent of Japan's GDP.
Source: Japan's Big Bang, by Declan Hayes (Tuttle Publishing)
2. inbreda said...
In stark contrast to the article quoting Ulster banks economist posted earlier.
Well done BBC.
Bring back Greg Dyke.
3. harold said...
Ah damn, that's put an end to my dream of a holiday-home in suburbs of Belfast.
4. headmelter said...
It just means the crash will be harder when it arrives.