Saturday, Nov 25, 2006

No growth in Irish housing market for 3rd quarter of 2006 according to

Firstrung: Growth in Irish house prices grinds to a halt Ireland's busiest property website, has released the report for Quarter 3 2006. The report shows that growth in house prices has come to a halt. Average asking prices for residential property did not increase between the 2nd and 3rd quarter of this year. Prices fell slightly over the summer months but recovered somewhat in September. Preliminary figures for October indicate slight growth but all signs point to a levelling off in prices.

Posted by jellycaster @ 09:02 AM (445 views)
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1. Headmelter said...

The bankers are suggesting the way to avoid a crash is to curtail the supply.

Great keep us and generations after us up to our necks in the banks.

Saturday, November 25, 2006 11:25AM Report Comment

2. This comment has been removed as it was found to be in breach of our Blog Policies.


3. sirgoogle said...

This article give a clue as to how estate agents will try to manipulate the market as it falls - and try to stop the crash - get properties that don't sell to be withdrawn and delay the placement of properties onto the market it a glut occurs. They have to keep the bidding wars going. How this game will work in the internet age I have no clue.

"In relation to the recent trends McArdle added "The housing market should experience a soft, rather than a hard landing. A soft landing does not rule out a temporary fall in prices. A hard landing, on the other hand, would be associated with significant and sustained falls in prices." He warned that the way to avoid the latter was to ensure that supply be curtailed as demand eases."

Sunday, November 26, 2006 05:40PM Report Comment

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