Gulp.
This morning.
Via MyHome.ie:
The Q4 2021 report, in association with Davy, found that annual asking price inflation rose by 9.7% nationwide, by 7.4% in Dublin and by 10.6% elsewhere around the country.
Meanwhile, quarterly asking price inflation also rose slightly throughout Ireland – by 1.3% nationally, by 1.7% in Dublin, and by 1.1% elsewhere around the country.
This means the mix-adjusted asking price for new sales nationally is now €311,000, while the price in Dublin is €421,000 and elsewhere around the country it is €263,000. Newly listed properties are seen as the most reliable indicator of future price movements.
The author of the report, Conall MacCoille, Chief Economist at Davy, said that the findings of the report painted a grim picture for prospective homebuyers…
Property Report – 2021 – Q4 (MyHome.ie)
Meanwhile…
1965.
Dublin’s ‘luxury’ housing market.
Featuring heavily-lunched developer ‘Mr Black’.
But in 2021 the prophet David McWilliams told people to stay renting and wait a year before buying?
What has that to do with the fact that yet again house prices have risen and yet again the powers that be have done nothing about it while talking shite out of both sides of their mouth.
The effects of the governments shutdown on construction starting to be felt.
That and continued asset inflation from QE and covid stimulus
By the way, it’s ‘asking prices’ they are quoting. They steer away from the fact that many house asking prices have reduced from the original asking price. https://www.myhome.ie/pricechanges/wexford/page-1 Price reductions in that link far outweigh price increases.
Would the reductions in asking prices not be factored into their index as well then?
Asking prices don’t mean anything.
I’m house hunting right now and the majority of the over priced houses do not sell at any price yet their greedy asking prices are still kept for use in the stats.
Is there any other financial instrument that uses ‘what I would like’ rather then ‘what it actually sold for’
More manipulation to drive the herd into wrong financial decisions. Buy now before it goes up 10%.
Crash is coming in some form in 2022.
I really hope so Bob, truly, even though I don’t like to see people suffer.
There has been such widespread inflation and mania.
I’m not seeing what job the map is doing in that first graphic?
Kicking it’s heels tbf.
Showing the incompetence of myhome.ie
“Semi-detachted” lol
Mr T it’s now a complete inflation pyramid clusterfupp from head to toe
that nobody seems to want to talk about cos obsession with scary Omicron icu statto p0rn
just ask your local builder provider (any of them) for a quote on boggo standard materials…8×4 sheet boards like osb….or ‘exotic’ items like steel LOL (I’ve seen up to 4x price inflation there..oh and then you can join the availability queue because there’s 50 different reasons the item is out of stock
and sausage fingers tinkering about with nonsense PR like “up to €30k” grants on derelict properties
there’ll be no soft landing here so from that pov I’d say likes of McWilliams is right only because renting is the least worse option
goldenbrown, finer temptress, through the ages she’s heading west.
That video from the 1960s is just brilliant. I know a lot of the places shown and none of them have improved with age.
Just for context- this two bed new apartment in Newry recently went for £125 k – under €150 k.
Newry is just 24 KM up the M1 from Dundalk.
https://www.propertypal.com/ballybot-close-dorans-hill-newry/704857/photo-3