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walktothewater

Going Japanese In Ireland

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http://www.movetoireland.com/movepag/housover.htm

average Dublin price = £237,336

average Ireland price = £154,003

http://gallery.adnet.ie/sh524x4913.html

average salary is about 30-35k euros ie £23 968

so salaries are house prices and multiples appear to be very similar to the uk, but with very low interest rates affordability is alot greater in ireland and morgages are smaller. The low irs have fueled a boom from a much lower level.... If the irish have gone japanese, we have aswell...

Edited by moosetea

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The average price paid by a first-time buyer is now €245,341.

Phew. Not bad for a country of just over 4 million people, that is the size of Holland and Belgium combined, with hardly any natural resources. There must some villages now that are "worth" more than some African countries.

But why stop here? Keep borrowing everyone! Let's make Dublin worth more than New York! Property only ever goes up after all. ;)

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http://www.movetoireland.com/movepag/housover.htm

average Dublin price = £237,336

average Ireland price = £154,003

so about the same as the uk, but with very low interest rates so affordability is alot greater in ireland

average prices are actually slightly higher moosetea. but really does it matter? as they say in quieter Dublin circles prices here are like 'credit card numbers'. Is anyone really paying attention to the price they're paying for property in Dublin?

and lets keep something else in perspective. London is a highly diversified, global centre of economic activity, and property will always command top dollar there. Even in the absolute worst recession there will be money to be made in London. Dublin aint London fullstop. Not even close.

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ECB rate rise coming today and the moaning in the media has started already.

http://www.rte.ie/business/2005/1201/ecb.html

Why raise rates? We'll they don't want muppetry like this spread to Berlin or Frankfurt do they! :lol:

http://www.rte.ie/business/2005/1201/opw.html

I actually wonder where the impact will be felt first. My inkling is that many people in Ireland into BTL have expanded into the UK using the same made method of (offplan purchase where rent > interest repayment so everything is fine).

Many of those are going to have to cut their repayments on some loans to repay some other loans and I doubt its going to be the flats in Dublin and Eire which they skip repayments on.

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  • 301 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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