Softening house market?

Sure isn't the great predictor of the Great Recession Michael Burry himself warning about hyperinflation. You should be aware of all the risks. Still waiting on the source of the hyper correlation between interest rates and house prices. Or does it not exist?

it’s interesting that the study you mention looks at income and interest rates because both are rising and have opposite impacts on property.

The link between inflation and house prices is also well documented in various studies for example https://web.stanford.edu/~piazzesi/inflationAP.pdf

Just to update the thread....we have our house up a couple of weeks, generated alot of interest/viewings (at a bad time of year i thought)....received 2 bids under asking price from different individuals....a third separate bidder has now popped up and bid 5k over asking....we will accept this if the others drop out.....

First Home Scheme limits will be increased throughout the country to put more money into people's pockets and keep houses prices high.

Back in the day there was an excess of labour - today we have a shortage. Also the state has a pretty poor track record delivering anything efficiently, just look at the costs of the Children's Hospital.

Only in the protected sectors like the public sector and banks. How anyone thinks the vast majority of the private sector can afford pay rises on top of other expenses is a nonsense. Your looking at a decade before the majority of workers have caught up.

Some sectors, like tech, pharma, engineering have had pay increases over COVID.

High demand in these industries.

Some change in strategy by Japan, crazy stuff really. There is just way too many known and unknown scenarios that a on a knife edge that could cause a black swan event that may trigger another GFC and Liquidity crisis. Credit Suisse, the energy derivative markets, war in Ukraine, prolonged inflation above CBs target and a stock market crash among a few. Way to much uncertainty, the global stock markets haven't even priced in for a recession yet, they are banking a black swan event that would cause a fed pivot, but they are not considering how destructive that event may be.

Public sector in this country has always been cushioned. You only have to look at the last recession 400k jobs lost in the private sector and in the public sector people where asked to volunteer to go and got a nice golden handshake to see them out the door. If that aint protected I dont know what is.

Denmark’s Housing Market in Steepest Decline Since 2011

• Buyers are negotiating bigger price reductions than earlier
• Nykredit estimates Danish house prices to drop 10% from peak

ByChristian Wienberg+Follow

December 20, 2022 at 10:39 AM GMT

House prices in Denmark are falling at the fastest pace since 2011 as higher borrowing costs push buyers to negotiate increasingly bigger discounts to asking prices.

Denmark’s challenges echo those of neighboring Sweden, where the market is slumping at the fastest pace since the 1990s. While the Danish housing market so far has fared better, rapidly rising interest rates are putting pressure on prices after a long period of sub-zero rates.

Danish House Prices Fall Most in 11 Years

Sources: Finans Danmark, Bloomberg

Note: price data for detached and terraced houses

According to latest data, house prices dropped 2.1% in the third quarter from the previous three months, Finans Danmark said on Tuesday. That’s the biggest drop in 11 years.

Last quarter, houses sold on average at prices 7.3% lower than they had been listed at, according to the country’s biggest industry group for banks and mortgage lenders. That compares with a price reduction of 3.6% a year earlier. 

“The market is characterized by significantly fewer trades and rising price reductions,” Mira Lie Nielsen, a chief analyst at Nykredit Realkredit, Denmark’s biggest mortgage bank, said in a note. “We expect that both house and apartment prices will drop by about 10% from a peak this summer to a trough in the autumn of next year.”

Danes may also encounter rising rates after a sudden policy change in Japan may make it less attractive for Japanese investors to buy Danish mortgage bonds, according to Mathias Dollerup Sproegel, a senior economist at Sydbank. The investors have traditionally been among the largest buyers of the Danish assets.

It’s not just the public sector getting increases…inflation drives up wages simple…. People will still have a lower disposable income because it won’t match inflation and will face a squeeze… some sectors will do better than others. Government tax take increases in nominal terms as they collect a more vat etc.

no need for anyone to educate themselves with the standard of posting here, its all laid out in detail.

Its like reading a tabloid headline over and over reading your posts, is there an app you are using?

Treasure Ireland.

"Macquarie, the Australian bank, has established a €100 million fund to buy homes in Ireland, new financial documents have shown. Broadstone Housing Investments Limited, an Irish entity controlled by the bank, has already started to use the funds to acquire second-hand homes in Carlow."

When is it coming? Give a timeframe. Without a timeframe your statement means nothing.

A catastrophe is always coming. The difference between those in the know versus hacks is actual predictions and not vague statements.