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Guest magnoliawalls

Worst Piece Of Nonsense In The Media So Far?

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Guest magnoliawalls

Kathy Foley in the Sunday Times... Ireland section.

he good news is that house prices measured on a 12-month basis are still rising. New figures from the Department of the Environment show that prices increased by a healthy 11% on the year.

The same housing statistics bulletin shows that the rate of increase had slowed. New house prices in the first quarter were up just 0.8% on the final three months of 2004 while the price of second-hand houses fell 1.3% in the same period.

:blink:

“If someone takes the 100% product now and prices fall in four years’ time, they are not going to get into a negative equity situation. Of course, we can’t actually read into the future but the lenders in question have built in stress testing in relation to interest rates,” she said.

:huh:

“If someone borrows €400,000 on a property and they are forced to sell it for €320,000, they still owe €80,000 to the bank,” said Burgess. “A lot of people don’t know that. That is of no concern to the guy sitting in a flat paying €1,500 a month to a landlord but if you are living at home with your mum and dad in a nice comfy house, you don’t need to rush out and buy now.

:o

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  • 337 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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