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Hear That Hissing Sound?

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The economics editor of The Economist magazine was in Dublin two weeks ago but said that prices were only overvalued by 20%. If she had mentioned 50% she would have been laughed out of the country! This won't even make it into the papers... It's going to be a very interesting 2006.

Economist - Hear that hissing sound?

"A rise of one percentage point (including the quarter-point rise announced by the ECB last week) could make Irish homes overvalued by as much as 50%"

"Commentators in Britain and Ireland like to talk about the housing market “stabilising” after years of froth. But when you are teetering on a high wire, stability is difficult to maintain. Without a decline in prices, it could take as long as a decade, at current rates of consumer-price inflation, for British property prices to get back to fair value. A decade of falling real prices is not something to relish"

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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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