Tuesday, July 3, 2012

Over in Ireland…

House price crash hit starters hardest

We all know that it's game over in Ireland but seeing the numbers really brings it home, eg: "The price of an average one-bed apartment fell 62% since 2007 from €231,000 to €88,000." The home buyers who bought at peak are in the dreaded negative equity trap. While over here the Daily Flail continues talking up the market, the great unravelling is nigh - witness the City of London earthquake (as one paper called it this morning) and note the governor of the Bank of England saying we are on for a five year recession. Bubble. Burst. Back to affordable housing...

Posted by bloik @ 02:04 PM (2329 views)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>