Ronan Lyons has posted a new item, ‘Irish house prices: calling the bottom and
worrying about the next bubble’
The latest Daft.ie House Price report was released yesterday. The commentary is provided by Sheila O’Flanagan, one of Ireland’s best known exports as an author of fiction but also in a previous life a sovereign bond trader. Her commentary is well worth a read and
focuses on the role of fear in the market.The quarter-on-quarter fall in house prices in the third quarter of the year was 3.5%. This is once again in the 3-5% range, i.e. house price falls were of a similar scale to the previous 12 quarters. For the third quarter in a row, the fall in Dublin was greater than the fall outside Ireland’s five main cities. Indeed, there are only two quarters (the final two of 2010) where the average asking price in Dublin fell
by less. As a result, asking prices are now 51% below the peak on average in Dublin, compared to 45% elsewhere in the country.
- Rising homeless figures in Ireland (thepressnet.com)
- Daft Report Q3 – National Prices down 3.5%, Dublin prices down 4.5% (politics.ie)
- CSO : Dublin Apartments fall by 6% in August (politics.ie)