Friday, May 13, 2011

Coming soon here?

New Irish index shows extent of property crash

The collapse of the Irish property price bubble has seen values plunge by up to 52 percent since a 2007 peak, a new government index showed on Friday. The first results from the new Central Statistics Office (CSO) index show that, nationwide, prices of residential property are down almost 40% on 2007 -- and they are still falling. Dublin apartments have been hardest hit, with prices falling 52% from peak. The monthly rate of decline increased in March this year to the fastest level since July 2009

Posted by little professor @ 08:26 PM (2363 views)
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8 thoughts on “Coming soon here?

  • mark wadsworth says:

    Yeah, but they’re still way over priced, Wales is the place to go.

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  • ??????

    you have to pay women to sleep with you round here…and I’m skint

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  • Why no ‘www.housepricecrash.co.ie’ ?

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  • @Icarus

    I suspect anybody setting up a http://www.housepricecrash.co.ie site would be hung from the nearest lampost. The Irish are (rightly) unhappy and it looks as if it going to get worse for them.

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  • little professor says:

    thepropertypin.com is probably the nearest equivalent to a http://www.housepricecrash.co.ie. Pretty good discussion going on in the forums, gives a real insight into just how ridiculous the banana republic has become, and how deep a hold the property developers have over the Irish government and the banks.

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  • 2. taffee said…??????

    ‘you have to pay women to sleep with you round here…and I’m skint’

    ~ Nobody said you had to do it every night. lol

    There’s nothing more romantic than a hand in hand walk to the nearest cashpoint in the rain at sunset.

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  • Yes, Irish property prices are still high compared to the UK.

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  • Thanks LP. Banana republic? One blogger on that site talks about a fyffe % decline in GDP.

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