Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

[UK] FTB housebuyer stats compared to here

Options
  • 11-11-2008 4:26pm
    #1
    gurramok
    Closed Accounts Posts: 13,992 ✭✭✭✭


    Just to compare the urbanite industrial Brits to the largely rural Irish housing market we have the following..

    http://www.guardian.co.uk/money/2008/nov/11/mortgages-property

    "The average price paid by a first-time buyer in the UK had dropped by 7.8% over the year to £150,311"


    Now compare this to Austin's propaganda for Ireland:
    http://www.rte.ie/business/2008/1104/housing.html

    "It notes taht hosue prices are currently in trend with those recorded in August 2005, with the average first time buyer home cost €239,398 in September."

    As both markets are in crash mode with the UK about a year behind, the currency conversion of one euro getting 80p would translate as an average of €180k for a FTB in the UK hence €60k dearer here.

    To sum up, Ireland is truely different for the young :D


Comments

  • Options
    #2
    ZYX
    Registered Users Posts: 882 ✭✭✭ZYX


    gurramok wrote: »
    Just to compare the urbanite industrial Brits to the largely rural Irish housing market we have the following..

    :D
    Ireland's largely rural housing market????


  • Options
    #3
    gurramok
    Closed Accounts Posts: 13,992 ✭✭✭✭gurramok


    Uk - around 90% urbanised.
    Ireland - between 50% and 60%

    Ok, urbanites are overtaking the place here. Nearly half the market was rural several years ago though.
    Not as much urban density as UK yet!


Advertisement