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    House prices start falling

    sorry for the lack of a link-the stupid yoke wont allow me to cut and paste-see RTé.ie news section

    .....sherry fitzgerald has reported a fall in the first 3 months of the year and a large fall in dublin.



    good or bad?



    If the lessons of history teach us anything it is that nobody learns the lessons that history teaches us.

    #2
    Where's Fitzy?

    (Buying houses probably)
    It is useless to attempt to reason a man out of a thing he was never reasoned into.

    Every plan I have is the best plan in the room. Everybody get quiet and listen to it, and everybody will win

    Comment


      #3
      <DIV =storyer ns="">
      <H1>Estate agent reports drop in house prices</H1>@@@@SPAN =storyDate>Monday, 2 April 2007 12:31@@@@/SPAN> </DIV>
      <DIV =story ns=""><?:namespace prefix = rte ns = "urn:rte-search" /><rte:>


      Estate agent Sherry Fitzgerald says its figures show a 1.1% drop in second-hand house prices in the first three months of this year.


      It follows growth of more than 18% in 2006.


      The fall was even sharper in Dublin, at 2.3%.
      <DIV id=story_island>
      <DIV =storyIslandTitle>Advertisement</DIV></DIV>


      Sherry Fitzgerald economist Marian Finnegan blamed a reduction in consumer confidence in the performance of the market for the drop.


      The fall has beenattributed to higher interest rates and speculation about changes in stamp duty in the Budget.
      </rte:></DIV>
      "Some people don't know their easy lives... I wouldn't be so ungrateful" - Fiacre Ryan - #AutismAndMe

      Comment


        #4
        and what happens when the Polish feck off?
        they call it \'passion\', we call it pride

        Comment


          #5
          My nephew is an apprentice carpenter and was let go from a site up by Mount Oval as the developer couldn't sell the ones already built. He has got work on a site in Carrigaline where the developer has dropped the prices by €30K and €50K.

          Comment


            #6
            prices are dropping, 100k cheaper if you want a gasworks apt
            they call it \'passion\', we call it pride

            Comment


              #7
              Good news for trader uppers. [img]smileys/cool.gif[/img]
              My computer thinks I'm gay
              What's the difference anyway
              When all the people do all day
              Is stare into a phone

              Comment


                #8
                I told you this would happen.

                I feel terribly sorry for those who purchased at the top of the market.

                Comment


                  #9
                  And the inventory continues to rise



                  Kiva - Loans That Change Lives

                  Comment


                    #10
                    Originally posted by JoeyFantastic
                    Where's Fitzy?

                    (Buying houses probably)
                    Where is sewa more like [img]smileys/wink.gif[/img]
                    Please support Milford Hospice. Click here to donate.

                    Comment


                      #11
                      1 in 6 houses are unoccupied - presumely brought just because of
                      the rise in values. They will come back onto the market as prices
                      start to fall, thereby increasing the inventory further.

                      Economics 101 - More Supply, less demand = lower prices.

                      IMHO the market has a long, long way to go down yet.

                      Please support Milford Hospice. Click here to donate.

                      Comment


                        #12
                        I am here. After years of predicting a fall you may finally be proved right. Still glad I bought when I did because if I had listened to the constant negative advice i'd never have bought. [img]smileys/c&#111;nfused.gif[/img]
                        My computer thinks I'm gay
                        What's the difference anyway
                        When all the people do all day
                        Is stare into a phone

                        Comment


                          #13
                          The increaase in properties for sale may reflect a popularity of that website. Perhaps not however.

                          Stunted demand, lack of confidence, and and oversupply of property spells trouble.

                          Comment


                            #14


                            Originally posted by fitzy73
                            1 in 6 houses are unoccupied - presumely brought just because of
                            the rise in values. They will come back onto the market as prices
                            start to fall, thereby increasing the inventory further.

                            Economics 101 - More Supply, less demand = lower prices.

                            IMHO the market has a long, long way to go down yet.

                            how wrong you are


                            give it a year
                            they call it \'passion\', we call it pride

                            Comment


                              #15
                              I predict 15 -20% falls in prices over the next 18 months.

                              Comment

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