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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.


“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.


“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.


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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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