Saturday, August 11, 2007

Let’s talk house prices for a change …

House prices in Ireland fall by 8K in a year

National house prices in Ireland declined by 2.6% in the first six months of 2007 according to the latest edition of the permanent tsb / ESRI House Price Index. The index does not measure volume/activity in the market and it can be assumed that the current climate has resulted in a lower than normal level of activity, which means that actual sentiment is not fully reflected in the price trend at this early stage in the ongoing Irish housing market correction.

Posted by uncle chris @ 06:54 PM (460 views)
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10 thoughts on “Let’s talk house prices for a change …

  • The Republic has been overbuilding houses relative to population and also has a much smaller population.

    Drops like this will not happen in GB.

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  • David – You´re just not getting it are you. It has and is happening. Scotland is down -2.1% in the last quarter and I do believe that is in GB.

    You are WRONG yet again…

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  • david20040_0 says:

    England, will not see a drop, Scotland is underpopulated.

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  • your initial argument was based on GB, do you now conceed that, not just a monthly fall but a quarterly fall in House values has occured on mainland GB?

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  • david20040_0 says:

    Yeah in Scotland, but not in England.

    The population of England is over 50 million.

    Scotland as a proportion of the UK is underpopulated.

    Unless you live in Scotland or want to live there then your argument is useless.

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  • I think David’s taking over the ‘Comical Ali’ mantle. No crash here, couldn’t possibly be a crash here. I’m sure they said all this before the last crash.

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  • He’s no relation of the Mr David Smith of Sunday Times fame, is he?

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  • Haha. This is fun. David, we’ve seen the credit market dry up and interest rates choke the housing market but you’re still genuinely (?) convinced that supply and demand for housing comes into this?

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  • This blows David’s argument out of the water. Japan suffered a house price crash in 1991 that it is still recovering from today even though Japan is the size of the UK and has twice the population.

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  • “Comical Ali” ha ha ha thats funny.I think everyone on this blog has noticed how negative and anti HPC David is whenever he leaves a post.I get the feeling that the guy is bogus,he claims to want a HPC but all his comments appear to argue the oposite.In the current climate and with the news this week regarding the land register stats showing quite clearly that house prices actually fell over theQ2 in 2007 even in london its quite clear to everyone that the tide has turned and the crash has started.Comical Ali still insists “drops like this will not happen in GB”.

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