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More interest rate increases

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    #2
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    Conar wrote:
    http://www.unison.ie/breakingnews/index.php3?ca=27&si=99432

    Just gone up another quarter percent.
    I know it was expected but its still a pain in the ass.
    Reckon this will further diminish peoples confidence in the housing market?

    Whether it further diminishes people's confidence in the housing market or not, I don't know.

    Of interest- there are now 4 properties from "The Village Weir" in Lucan (from a total of 23) for sale on myhome.ie The asking price for the 2 bed apartments is now 305-320 (with estate agents advising the real price is 317k and to offer another 5k for furnishings). This is a reduction of 30k on the price 2 bed apartments last sold at there 2 years ago...... (apparently no properties have sold in the past 2 years). As for 3 beds- they are 360 (down from 410k when the last one sold in May '04)........ All houses (all 4 of them) are being sold by buy-to-let investors and are now being aimed at the FTB market.

    Re: interest rates- concensus is another .25% this side of Christmas and a further .5% on top of that (to 4%) by May 07 (they are then suggesting that the US economy may be slightly crippled at that stage- and its entirely possible that the max may be at that stage).


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