Boom It May Concern


This explains everything.

What Goes Up writes:

I’ve been pondering the Dublin “price rise” anomaly.

Arrears continue to rise:

Mortgage lending continues to fall:

Yet… Dublin prices are apparently in a bubble:

How is this possible?

Easy – when volumes are so low, simply sell a couple of multi-million Euro properties and skew the data.

Taking the numbers for Dublin from the Property Price Register for “July 2011 – June 2012” and “July 2012 – June 2013”, we can match changes in sales volume to changes in sales value and see the almost perfect correlation (and the one obvious aberration!).

It’s only a bubble if you’re selling your multi-million Euro property!