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  1. http://www.treesdontgrowtothesky.com/repor...date=2009-01-10 At this rate might have to start splitting the -10% category!! - looks like people are finally getting the mesage
  2. Pay £425k to buy http://propertynews.com/brochure.php?r=1&a...p;p=TRHTRH44790 Pay £850 pm to rent http://propertynews.com/brochure.php?r=1&a...p;p=ECHECH14534 I can't believe an investor hasn't snapped this up
  3. I do wonder how EA / Sellers justify these prices - for just under double the price you get .......
  4. What one would you pick - pay £280k or £520k http://www.propertynews.com/brochure.php?p=PNC234513 http://www.propertynews.com/brochure.php?p=PNC234494
  5. Even after the reduction I still think the Portrush apartments are still way to expensive (but some sellers seem to disagree and are holding out) http://www.propertynews.com/brochure.php?p=PNC234513 http://www.propertynews.com/brochure.php?p=PNC234494
  6. I think when people spend all day looking at financial infomation / indicators it has a tendency to skew their opinions (aka Wall street & the City thinking they are the centre of the universe). You need to be careful as I think the same can apply to this website - The reality is there is an extremely low probablity of Financial armageddon, the more likely scenario is a few additional banks may go bust, house prices along with other assets will return to a more solid foundation and after a few years of slow/negative growth the global economy will be on a more solid footing. Don't get me wrong I think for many hard times lay ahead but on the whole I view this as a positive development rather than a negative
  7. Don't know if this has been posted already but page 8 of the report below shows NI prices dropping by 12% from August 07 to December 07. http://www.communities.gov.uk/documents/housing/pdf/693990 If anything price decreases seem to have quickened since the start of the year so the figures over the next few months should be interesting reading
  8. Looking at the Northern Ireland figures on page 8. The average price has fallen from £249,264 in August to £219,698 in December. Thats a 12% decrease in just 4 months. You can be certain at least one region will crash in 2008
  9. This was almost as entertaining as his Fed are idiots rant - classic suff
  10. Seems to still be some property bulls out there http://u.tv/BusinessNews/index.asp?iBlogID...Date=16/01/2008 "...what we are seeing now is the necessary re-adjustment our property market needed, not the huge “bust” which makes for easy headlines..." "...The market did over-shoot, but my view is that it has now swung to far the other way and houses are being sold by desperate and panicky vendors for less than their true value"
  11. I'm sure many people have seen this, but some of the figures were new to me http://www.dsdni.gov.uk/housing_statistics_2006-2007.doc Total NI population: 1.742m Total Housing stock: 712.6k Population/stock ratio: 2.44 Average NI household size: 2.53 The above oversupply has lead to 47.3k units (6% of total) lying vacant - who said there was an undersupply of house in Northern Ireland? And this is before the 15,000 houses started/built this year!!
  12. Some official figures released earlier in the week might be useful when looking at affordability Median salary of all NI employees : £17,210 Median salary of all NI Full time employees: £21,000 http://www.detini.gov.uk/cgi-bin/downdoc?id=3224 Also to be fair I think the housing stock is slightly higher at around 715,000+ units http://www.northernireland.gov.uk/news-dsd...ireland-housing So circa 2.8% of the total stock is 'For sale' (I've taken the 20,000 on propertynews and assumed land for sale nets with new developments which usually don't advertise each unit). The figure I find interesting is that around 7,000 properties changed hands last year (at the peak), so even using these transaction levels there is currently three years of inventory - The US property market is on its knees with only around 10months of inventory overhang
  13. Merrill economist gives bloomberg interview http://www.bloomberg.com/avp/avp.htm?clipS...P5xNlHdbzYU.asf
  14. Was it not reported that Titanic Quarter sold out last month in under 1 hour? http://propertynews.com/brochure.php?r=1&a...p;p=ECSECS11063
  15. I think £21k was the average for people in full-time employment. When you add back part-time workers etc the average wage is closer to £17k Don't have an figures to back this up, but I would imagine the median wage would be even lower than this (The NI education system tends to be two tier, with a minority highly educated and fairly well paid and a majority with, at best, basic Maths and English)
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