Saturday, October 27, 2007

Irish Housing Bubble

Housing Market Sailing into a Perfect Storm

Great analysis of the situation in Ireland by a professor of Economics. Although dated from April this year - it's great to see his predicitons coming through. Today another VI blamed the propersty slowdown on Stamp Duty and negative media stories.

Posted by tricky @ 02:39 PM (2106 views)
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3 thoughts on “Irish Housing Bubble

  • a house down the street from me was listed at €1.5m. I know someone who offered €1.1m. the owner refused and is now trying to let it. not many buyers out there.

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  • 37 booms (and busts) between 1970 and 1995? I thought house price crashes were ‘extremely rare events’, that’s nearly 1.5 crashes a year. Did any of these crashes have a soft landing? The ‘No’ woman even admits that 2/3rds of them wiped out 30-100% of gains. Is she an idiot???

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  • 37 booms (and busts I presume) between 1970 and 1995? I thought house price crashes were ‘extremely rare events’, thats nearly 1.5 crashes a year. Did any of these crashes have a soft landing? The ‘No’ woman even admits that 2/3rds of them wiped out 30-100% of gains. Is she an idiot?

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