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People currently have a lot more to worry about that house prices...

https://www.bbc.co.uk/news/uk-northern-ireland-52365415

"Coronavirus: NI employment rate near record high before lockdown"

https://www.belfasttelegraph.co.uk/business/jobs/redundancies-soared-in-northern-ireland-before-coronavirus-outbreak-hit-figures-show-39144730.html

"Redundancies soared in Northern Ireland before coronavirus outbreak hit, figures show"

https://www.irishnews.com/business/2020/04/22/news/unemployment-rate-near-record-low-on-precipice-of-crisis-but-redundancies-accelerated-in-march-and-april-1910639/

"Unemployment rate near record low on precipice of crisis but redundancies accelerated in March and April"

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Posted (edited)

There is really good graph on this website. It shows that unemployment in Northern Ireland started to fall in 2013. This coincides with the bottom of the housing market.

https://www.statista.com/statistics/383917/unemployment-rate-northern-ireland/

"This statistic shows the unemployment rate in Northern Ireland from 2000 to 2019. Unemployment in Northern Ireland peaked in 2013 when there were 7.5 percent of the population unemployed, compared with just 2.7 percent in the most recent reporting year of 2019."

Edit: graph now covered in advertisements <_<

Edited by Belfast Boy
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  • 4 weeks later...

"NI unemployment almost doubles in coronavirus wake, figures show."

https://www.belfasttelegraph.co.uk/news/northern-ireland/ni-unemployment-almost-doubles-in-coronavirus-wake-figures-show-39217093.html

"... the highest monthly increase since records began... "

"Ulster Bank economist Richard Ramsey said it was likely the 7.3% peak of December 2012 in unemployment figures would be surpassed in May/June."

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"Fears mass lay-offs on horizon as staff return to factories in Northern Ireland."

https://www.belfasttelegraph.co.uk/business/northern-ireland/fears-mass-lay-offs-on-horizon-as-staff-return-to-factories-in-northern-ireland-39215806.html

"The furloughing really only picks up a third of costs; for the rest you have raw materials and then other expenses like repayments for your existing borrowing along with your electricity, stock and other standing charges,"

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  • 417 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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