Wednesday, May 30, 2007
Lest there was any doubt about the Irish property crash......
RTE news: House prices dropped again in April
Average house prices fell again last month with buyers paying almost €2,500 less than buyers in March, as interest rate increases and continuing uncertainty about stamp duty reform impacted demand.
Posted by royston @ 05:43 PM (228 views) Add Comment
5 Comments
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1. Ticktock said...
The index assumes each of the couple is on average earnings and buying the 'average' new house
.....which makes it as deliberately misleading as all the other house price index are.
Are there really enough fools in the world to sustain these riggeed markets indefinately?
2. dohousescrashinthewoods said...
This is really rather interesting. The US is officially on the slide, Ireland is officially on the slide.
It's starting to move.
3. sirgoogle said...
Any news on Aus and NZ ? These are also similarly bloated to the UK?
4. Cheekie Charlie said...
I see this news has had a big impact on the UK press with Ireland being such a remote country to the UK. NOT!!!
5. European-bear said...
Ireland is one of the most bloated property markets. The governement there will try to bail out the market and all ready has started this by doubling tax relief on mortgages (government subsidies to housing only push the price up when there is a shortage and the buyer pays the same each month....it just helps the speculators and developers)