Jump to content
House Price Crash Forum
Sign in to follow this  
Scooter

Irish House Prices Supporting A Uk Bubble?

Recommended Posts

Just a thought/question, having read that the OECD bizarrely thinks Ireland's house prices will just plateau forever-is equity in highly valued Irish housing being used by Irish property investors in the UK to push up prices even further here?

Share this post


Link to post
Share on other sites

Just a thought/question, having read that the OECD bizarrely thinks Ireland's house prices will just plateau forever-is equity in highly valued Irish housing being used by Irish property investors in the UK to push up prices even further here?

yes.... alot of the new developments in worcester appear to be funded my irish banks/investors....

Share this post


Link to post
Share on other sites

This is the old credit card trick. Just pass the debt from card to card and never pay off the balance. All you have to do is raise the credit limit in perpetuity. This is, in essence, Gordon's "economic miracle." Trouble comes when the creditors call in the loans.

Share this post


Link to post
Share on other sites

This is the old credit card trick. Just pass the debt from card to card and never pay off the balance. All you have to do is raise the credit limit in perpetuity. This is, in essence, Gordon's "economic miracle." Trouble comes when the creditors call in the loans.

So we will have fun whether Ireland or UK truly tanks first (if we think that either will happen)?

Share this post


Link to post
Share on other sites

So we will have fun whether Ireland or UK truly tanks first (if we think that either will happen)?

Irish land owners were selling in ireland for loads and then buying over priced UK land for less.

Share this post


Link to post
Share on other sites

Two words: Currency Risk.

With the ECB now raising rates, one would expect sterling to fall over the next year if the BOE fail to follow suit.

It is very dangerous now to be a leveraged Euro investor in the UK market. The way I see it, the UK housing market is now highly likely to fall, either in nominal terms if the BOE raises rates, or against other currencies if it doesn't.

Share this post


Link to post
Share on other sites

Can't imagine the impact is that great - GB population - 55+ milion - Ireland - less than 5.5 milion - and many of them in the relatively poor North.

NI has a population of around 1.5m, and I'm sure it is actually one of the wealthier regions of the UK if you look at disposable incomes. Also, around 70% of people work for the govt in some shape or form. This gives good pay and excellent pension packages to a lot of people.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.