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12 reasons why house prices will keep falling

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    #2
    Senna
    Registered Users Posts: 8,800 ✭✭✭Senna


    ArraMusha wrote: »
    http://uk.finance.yahoo.com/news/why-uk-house-prices-will-fall.html

    it's UK but similar reasons apply here.


    Christ the English have little to worry about compared to our market:D
    They control their own currency and they've probably seen the worst of it by now. Prices there might drop by 1-2% for a year or two, but inflation will push prices back up and also pull most out of NE.


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    #3
    Spiritofthekop
    Registered Users Posts: 436 ✭✭Spiritofthekop


    ArraMusha wrote: »
    http://uk.finance.yahoo.com/news/why-uk-house-prices-will-fall.html

    it's UK but similar reasons apply here.

    We are in a much much worse long term situation than the UK is in.


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    #4
    gigino
    Closed Accounts Posts: 2,350 ✭✭✭gigino


    Spiritofthekop wrote: »
    We are in a much much worse long term situation than the UK is in.
    +1.

    They were proved right by not going in to the euro. We have far higher debt per capita than the UK or other countries, despite being the recipient of major EC / EEC grants + structural funds + CAP payments + other handouts for decades. Because of the problems of the euro + the 12 points above, property prices here will drop for another few years anyway, imho.


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