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Ash4781

Northern Ireland Hpc

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Belfast telegraph has a report from the nationwide saying prices have fallen 10% in a year. The average price is now 119,913 and now only the north of england has a lower average.

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N. Ireland also had the biggest rises too, no doubt dragged up by Rep. Ireland prices. And of course now, dragged down by same in crash mode!

Look at the old data and it looks like N. Ireland did not have a boom in the late 80's either, always assumed that was because of the troubles, but maybe it was coz Rep. Ireland did not have a boom?

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N. Ireland also had the biggest rises too, no doubt dragged up by Rep. Ireland prices. And of course now, dragged down by same in crash mode!

Look at the old data and it looks like N. Ireland did not have a boom in the late 80's either, always assumed that was because of the troubles, but maybe it was coz Rep. Ireland did not have a boom?

Northern Ireland had prices well below the norm due to the fighting. As soon as the ceasefire came in they started climbing to where they should have been

then England living ex-Irish 'investors' piled in sending prices up into the stratosphere!

There is no bank lax-lending cash for 10-12x wage mortgage or investor-buyer sentiment left to keep prices so high so they went into meltdown.

Edited by erranta

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http://www.belfasttelegraph.co.uk/business/business-news/northern-ireland-house-prices-plunge-by-11-in-the-past-year-15133713.html

There's the link. Not sure if they have bottomed out judging by the posts. If Irish lending is significant we'll see.

Interesting EA comment along the lines of this was bound to happen lol!

Fair play to FP in the other article!

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  • 312 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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