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uptherebels

Celtic Housing Tiger

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Over 40% from peak then. Proper crash.

but still nowhere near its deserved bottom. Some of that IRL property was up 500%

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but still nowhere near its deserved bottom. Some of that IRL property was up 500%

Celtic Tiger....? I've shat 'em.

Serves the smug b4st4rds right! Property only ever goes up in value doesn't it?

Oh how we laughed.

Now how long do we have to wait for this to be common place in England??

Frank

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Over 40% from peak then. Proper crash.

Yeh, wouldn't be so bad if that was actually the reality. From what I have seen, it's the same problem as here (UK), in that the asking prices are still way too high. I would assume that hardly anything is selling. When I was living there a couple of years ago (Co.Cork) , a work mate bought a new build semi for 300,000 euro. He borrowed 270,000 plus another 15,000 from his brother. I did try to tell him not to, but you know what it's like. He is about 30 and single. A forty per cent drop is going to take a long time to get over.

Rental prices are still insane there too.

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The monkee's at S&P expecting more pain to come ........

In a report on Europe's housing market, S&P says it anticipates a fall of 13% in house prices this year, with a further 10% dip next year.

13% this year , 10% dip next year ...........and the rest :rolleyes:

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The monkee's at S&P expecting more pain to come ........

13% this year , 10% dip next year ...........and the rest :rolleyes:

Am I right in saying 3 bed semi's in Dublin were Euro 1,000,000? I swear I read that somewhere, I thought at the time when a 3 bed semi in Ireland hits 1m, it's time to run and run fast!

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The monkee's at S&P expecting more pain to come ........

13% this year , 10% dip next year ...........and the rest :rolleyes:

Note that these days, 10% is merely called a "dip".

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There was a good Radio 4 programme a few weeks back; 'Ireland-from Boom to Bust'

On there someone realised property values were massively over inflated when unit area floor values (Euros per square metre) in Dublin were greater than those found in central Paris. (the cultural capital of Europe)

I asked somebody from Ireland, who has been working over here in UK, how was there economy? They said it was booming - they obviously have not been home for some time.

Booming? - exploding, loud bang, destructing, being destroyed? Probably what they meant.

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