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Future of Irish House Prices

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  • 03-01-2012 2:19am
    #1
    easydosh
    Closed Accounts Posts: 41 ✭


    Just read the economist there and they are expecting a 3% decrease in the Irish Propery market in general on CSO figures.

    What are your opinions???

    Personally I believe that a drop of 6-9% will happen as residential prices will drag down the market?? 3/1 with PP

    Or As there seems to be more money in the country now than say last year is now a good time to invest??

    Sometimes when I look at Allsops Prices from Nama last year I think That there is still some life in the market??

    Will the government budget measures impact on the property market or just cause a dead cat bounce situation in the market?

    thank you


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    #2
    Yahew
    Closed Accounts Posts: 2,491 ✭✭✭Yahew


    Why do you think there is more money in the country this year?

    a 3% drop y-o-y is optimistic. It fell that much ( almost) in November.


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    #3
    gigino
    Closed Accounts Posts: 2,350 ✭✭✭gigino


    more taxes, more emigration, less confidence, more difficulty in borrowing money. Prices can only go one way and thats down. There are still a lot of empty houses in the country. The IMF ?EU are not going to keep lending this country tens of billions every year for ever. It will be fun when than amount reduces.:(. Sorry, thats the reality. Average house price will be several times average industrial wage at most.


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