Missing The Point

at | 5 Replies

This afternoon.

Via RTÉ News:

The price of residential property nationally rose by 3% in February, according to the latest figures from the Central Statistics Office.

This compares to an increase of 2.6% in January and a 1% increase in the 12 months to February of last year.

Prices were slower to rise in Dublin with an increase of 1.2%. Houses in the capital rose by 1.2% while apartments rose by 0.9%.

Meanwhile…

…Tony Geraghty writes:

Actually, the CSO’s latest figures don’t say any such thing. In fact they say that the price of residential property nationally rose by 0.3% in February, just one tenth of the figure RTÉ uses.

The reality is that residential property nationally rose by 3% in the full 12 months up to February, over a full year (the headline of the RTÉ article actually got it right). Housing is expensive enough without RTÉ talking it up any further with their misplaced decimal points…

Fight!

Home prices see annual increase of 3% in February – CSO (RTÉ)

RollingNews

 

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5 thoughts on “Missing The Point

  1. Qwerty123

    3% in the year to Feb, .3% in the month. Its literally the first thing you see in the CSO link, crying out loud, everything is a conspiracy I suppose when you are an idiot.

    When you finish the sentence in the RTE link, it clearly says “in the 12 months to Feb” and the headline is correct.

    Reply
  2. Qwerty123

    Big volumes of sales too, I’m surprised by that being honest,, almost 4k in December 20.

    Although looking at the prices of all assets, 3% isnt massive given the huge inflation we are seeing everywhere else, looks like the central banks rules are working, thank eff for that.

    Reply
  3. Diddy

    The lordship of those who own shelter vs those who need it deepens. Supply is the problem they say!How about rent caps in the form of tax relief for landlords until supply improves.

    Reply

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