Graphic showing average asking prices and year-on-year change in the last quarter of 2014
Laura Slattery, of the Irish Times, reports:
House prices dipped 1 per cent in the final three months of last year, according to the latest report by property website Daft.ie. This is the first time since mid-2013 that the average house price fell compared with the previous quarter…
However, the average asking price for a home nationwide is still 12.8 per cent higher at €193,000 than it was a year ago, Daft’s 2014 Year in Review House Price Report shows. This compares with a peak average asking price of €378,000 in 2007 before the property bubble burst.
House prices slip back 1% but still up on last year (Laura Slattery, Irish Times)
The Daft.ie House Price Report
The difference between Waherford City and County is substantial enough to ask if its correct
Anyone
Well Daft have the data. But this reflects asking price and not sale price. I’d be more interested in the latter stats which are factual and not aspirational.
One thing a graph showing increases in 25 out of 26 counties such as this will do will give those living in negative equity a boost. For others, who value their property as a home and not a commodity, it makes zero difference. For anyone wanting to relocate to County Limerick it may act as a deterrent.
Good note.
Also worth adding that North City is probably enhanced unevenly by IFSC / Spenser Dock, and not Drumcondra sales
“For others, who value their property as a home and not a commodity, it makes zero difference”
Being in negative equity has implications beyond viewing a property as an investment you know.
Only if you want/have to sell it
I’m asking for €12,000 for this comment, up 20% from last year.
None of these figures can be comparable, really, without stating actual ‘volumes’ of sales of homes.
Without the vol. info this is just guff.
It’s also not clear from the map if those changes are + or –
clampers i am so glad that you realise this. year in year out same nonsense, nobody asks about the volume. it’s there on the property register. the volume is sweet fuck all and has been since 2008.
http://www.japlandic.com/2013/08/psssssst-wanna-know-why-dublin-house.html
Ah the timely Daft report – at least it gives the Indo/Irish Times/RTE something to hand wring over and at the same time have a go at the Central Bank’s proposed deposit criteria. And as usual every article mentions the 2007 peak prices – like it’s something to aspire to.
The Central Bank’s deposit criterion is the only thing likely to keep house prices down to a level where they have some relation to wages.
+1
Hearing people come out against it is depressing. We’re going to end up back in the same place all over again.