Monday, July 16, 2007

Complete irrationalty of NI prices now cooling, fortunately!

Housing cools in red hot Northern Ireland

"Northern Ireland's property boom has been created by rising demand fuelled in large part by the peace process and the end of hostilities in 1995. Rising employment, low interest rates, huge public spending, a growing population and a strong UK economy have also all been contributing factors."... Folks, can someone find out this "growing population" farce... I think nothing to do with NI. "With house prices in the province now closer in line with the rest of the UK the anomaly that existed before has all but disappeared" yes but guess aligned with what? "The boom means prices in some parts of Belfast are now on a par with London." yeah, yeah... how sustainable my friend

Posted by confused76 @ 12:59 PM (564 views)
Please complete the required fields.



6 thoughts on “Complete irrationalty of NI prices now cooling, fortunately!

  • The NI and especially the southern Irish markets will without question to bang.

    Reply
    Please complete the required fields.



  • >>The NI and especially the southern Irish markets will without question to bang.

    That should have been “go bang”.

    Reply
    Please complete the required fields.



  • shipbuilder says:

    A market going from 50% yoy increases to almost flat is hardly a ‘cooling off’. If demand has dropped off so suddenly, why would anyone with a logical mind expect prices to be sustained where they are? The rising population is a myth and so is the ‘peace dividend’ – look at the figures up to 2005 when NI rose in line with the rest of the UK market. The ridiculous inflation since then is simply down to greed.
    If you believe this is sustainable, simply think back a couple of years and repeat the phrase ‘the average house price in Belfast is higher than London’ and see how that sounds.

    Reply
    Please complete the required fields.



  • if the population is growing, why are schools closing and class numbers dwindling?

    Reply
    Please complete the required fields.



  • Only thing that is driving up the prices is pure speculation (I suspect related to attempts to get a lower rate of Corporation tax in the North). The government / Stormont really need to deter this speculation – it is really destroying our communities.

    Reply
    Please complete the required fields.



  • A whole day of ‘slightly’ bearish news on local radio.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>