Friday, April 6, 2007

the great N. Ireland housing bubble!

House prices move higher in March

The Halifax figures also showed that the average price of a house in Northern Ireland has broken through the £200,000 barrier for the first time. This means that Northern Ireland is now one of the most expensive parts of the UK to buy property. This is quite a turnaround - two years ago Northern Ireland was the second cheapest part of the UK to buy a home. MADNESS!

Posted by tyrellcorporation @ 10:28 AM (516 views)
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3 thoughts on “the great N. Ireland housing bubble!

  • tyrellcorporation says:

    What’s the average wage in Northern Ireland? Are we looking at 10x average salaries?!?

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  • The problem for Northern Ireland is that they are right next to the Republic of Ireland. The southern Irish have had a gold-rush in the property market for the past decade and are experiencing ‘gold’ fever. Their own market offers little prospect now, so when they look around, the easiest place to invest their considerable is over the border, in NI. ……..And guess what………property prices are going up (pushed up by southern Irish investment), which attracts more southern Irish money, which pushes prices up further……….you get the picture!

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  • No the problem with Northern Ireland is stupidity and greed – thats all, I live here and I know.

    But the average non thinking Ulsterman (and there are quite a few of them) will pay a very heavy price when this lot ends.

    It is in vogue to be a paper millionaire at present here, everyone wants a bit of the action, and virtually none of them has considered the consequences.

    I fear for the future of our economy across the UK, the current situation is madness and there is a day of reckoning coming – it wouldnt surprise me that this a a global plan to destroy collectively all currencies in order to create the need for a global currency?? I mean why else would our govt and others allow this folly to continue???

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