Wednesday, April 30, 2008
Is a 30% drop in one year a crash?
"The average price of a house in Northern Ireland will have dropped by £75,000 from its peak by the end of the year, an economist has said. Richard Ramsey of the Ulster Bank predicted the average price of a house would fall to £175,000." And embarrassment all round for the NI 'experts'. Apparently immigration was the driver here in NI - you know the story. Except that a study released today estimated the the immigrant population here is 1%. So were the public lied to?