Tuesday, February 15, 2011

On the upside prices are likely to go up down lol depending on what paper you read

Northern Ireland housing market continues decline

The market has become increasingly lower priced with 92% of properties selling at or below £150,000. At the peak of the housing boom, less than 10% of properties went for below £150,000.

Posted by mark @ 10:10 AM (1859 views)
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17 thoughts on “On the upside prices are likely to go up down lol depending on what paper you read

  • this is interesting

    Airports in Ireland saw passenger numbers shrink faster than any other European nation last year

    news.sky.com/skynews/Home/Business/Passenger-Numbers-Drop-At-Airports-In-UK-And-Ireland-While-Rising-Across-Much-Of-Europe/Article/201102215929722?lpos=Business_First_Buisness_Article_Teaser_Region_8&lid=ARTICLE_15929722_Passenger_Numbers_Drop_At_Airports_In_UK_And_Ireland_While_Rising_Across_Much_Of_Europe

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  • According to the chart on page 8, NI house prices are down by about 40% since 2006.

    Apparently it cheers everybody up when I say “Bear nibbles”, so I’ll say it: “Bear nibbles”.

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  • bear nipples or nibbles

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  • Mark, when addressing school age bear cubs, it always raises a giggle. But mind those little claws, they are sharp.

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  • school age dogs you mean lol

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  • I am seriously considering moving to southern Ireland for the following reasons:

    • Good property prices in the country see ____Here____
    • Student loan company can’t chase us
    • Fewer Chavs & angry brits.
    • Only an hours flight from friends and family
    • ……There are many more reasons
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  • How does the paragraph I’ve taken from the article below equate to 90% of houses being under 150K???

    The quarterly survey, produced in partnership with the Bank of Ireland and the Northern Ireland Housing Executive, polled 110 estate agents around Northern Ireland for the final quarter of last year and found that the overall average price of a house was £149,795.

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  • RNR, it is perfectly plausible, because of the uneven distribution, e,g, a flat costs £80k and a two-bed terrace costs £120k and a 3 bed semi costs £149k and a detached house costs £251k. Assuming an equal number of each, the mean is £150k and 75% of houses cost less than the mean.

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  • i simply cannot understand why the UK prices have not dropped, I took a quick look on rightmove there are properties that have been on for over 2 years and increased prices yet not sold how stupid or greedy are people, they gotta be stupid

    i realise interest rates are low, but unemployment is high, businesses are quiet apart from the odd few, roads are getting quieter, what on earth is going on with house prices, they should be 30% down by now, there is no logic to this economy

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  • mark, I guess it must be all that government intervention under Labour?

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  • Mortgage repayment benefit, low interest rates, weak bank balance sheets (low repossessions), people with nequity can’t drop prices, boomers still under occupying the quality housing instead of renting retirement flats.

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  • There is logic in our economy; the problem is that you just don’t understand it.

    I do hope that your business is on the road to recovery.

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  • smug not sure what your issue is with me and my business, you clearly do not know anything about my business as you continually make the wrong assumption.

    go back to the dogs home and get an education

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  • Smugdog, I reckon there are plenty here that don’t understand it – perhaps you could enlighten us?

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  • ontheotherhand says:

    I understand it. The government and BofE are trying to have a Japan style lost decade where house prices gently decline, only they have learned from Japan and want to do a better job by having 5% inflation at the same time. Manipulate the interest rates and yield curve down artifically low and force profitability into the banks so that they can tolerate zombie mortgage and credit card holders.

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  • and how did that help japan? they are buggered now

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  • ontheotherhand says:

    It didn’t help Japan. It helped the ruling party. Do you think our rulers what is right for the country by taking the medicine at the expense of their gravy train?

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