CSO Residential Property Price Index - megathread


#2261

Healthy fucking growth, what’s that compared to wage inflation?

It’s shocking we’re having these conversations so soon after the last bust. While it’s shocking I’m in no way shocked XX


#2262

The land was bought in 2005 for 25million, NAMA subsequently took it over so you are probably talking about 200,000 per site at the original price. Not sure how much they valued the land at though when they came up with the prices. I did expect that the prices for the 4beds would have been higher when first launched a year ago (480k) but was pleasantly surprised when I see them.

I bought in this development, never would have thought it lacked services though. Schools, pub, hotel, GAA pitches, good bus service all within a 7min walk and a train a further 10mins away.


#2263

I leave for work at 6:35am and there is no traffic until I get to the m50. It takes about 13mims to get to the N4 junction on M50. In the evening it takes me 15-20mins to get from M50 between 5-7pm. The traffic hasn’t bothered me too much but if you do leave later it could take 30+mins to get to the M50. Overall we are delighted with it, the estate is nearing completion and really starting to take shape now.


#2264

Who knew but it turns out houses in Ireland are undervalued!!!

Irish house prices still undervalued, says European Commission
Houses undervalued by nearly 15 per cent in 2015, scope for price rises into 2017
irishtimes.com/business/econ … -1.2876452

Austin Hughes - he’s not gone away you know :unamused:


#2265

Maybe someone can help - I am looking at the report from the EC but I somehow fail to identify where it says that Irish house prices are undervalued.


#2266

That EC report being discussed on Newstalk now…with Ross Maguire on as the talking head !!! A barrister talking about economics


#2267

What has happened in this country is absurd, I suspect we will look back in 3-4 years and think how on earth did we engage in such collective madness. First we had one of the biggest property bubbles in the developed world and our solution was to re-inflate the bubble. The next collapse, just like the last time will be driven by a confluence of external factors to which Ireland will be not only unshielded to, but highly leveraged to. What is game-plan for this country when Europe comes apart at the seams? No doubt our elected officials are busy building contingency plans complete with sustainable economics. Basket case country run by cute hoors.


#2268

This is the report, pages18/19:
ec.europa.eu/info/sites/info/files/2017-european-semester-alert-mechanism-report_en_0.pdf


#2269

Ireland is not Dublin


#2270

Not from what I heard…he was actually discussing house values!


#2271

CSO Residential Property Price Index – October 2016 & Overall figures:

cso.ie/en/releasesandpublica … tober2016/

Notes:

  1. Per the official PPR there were 33,994 Property Purchases in Jan-Sep 2016 as at 17/11/16.
    Per BPFI there were 18,993 Mortgage Drawdowns in Jan-Sep 2016. See here for details viewtopic.php?f=4&t=26451&p=814001
    Therefore 44.1% of all Sales were Cash purchases to date in 2016.
    This compares to 47.6% cash sales in 2015, 50.7% in 2014 and 52.3% in 2013.

  2. As of September 2016 the Index has been updated to now cover all market purchases of houses and apartments by households, both cash and mortgage-based transactions. All previous figures have been revised using this new method to January 2005.

  3. This index is a lagging indicator of the Irish mortgage market. These houses were probably Sale Agreed 3-6 months ago, depending on how long it took for the sale to go through. So it may no longer be reflective of current market conditions.


#2272

cso.ie/en/releasesandpublica … ember2016/

Property price inflation accelerates to 8.6%

irishtimes.com/business/econ … -1.2938646


#2273

We’re nearly there everyone - we’ve nearly “recovered” to 100% of the baseline!
If we all just push hard, we can get this bad boy all the way back up to the full recovery high water mark of summer 2006.
With the help of the Gubbernment & VIs we’ll get there!
:-GC


#2274

CSO Residential Property Price Index – November 2016 & Overall figures:

cso.ie/en/releasesandpublica … ember2016/

Notes:

  1. Per the official PPR there were 34,031 Property Purchases in Jan-Sep 2016 as at 17/01/17.
    Per BPFI there were 18,993 Mortgage Drawdowns in Jan-Sep 2016. See here for details viewtopic.php?f=4&t=26451&p=814001
    Therefore 44.2% of all Sales were Cash purchases to date in 2016.
    This compares to 47.6% cash sales in 2015, 50.7% in 2014 and 52.3% in 2013.

  2. As of September 2016 the Index has been updated to now cover all market purchases of houses and apartments by households, both cash and mortgage-based transactions. All previous figures have been revised using this new method to January 2005.

  3. This index is a lagging indicator of the Irish mortgage market. These houses were probably Sale Agreed 3-6 months ago, depending on how long it took for the sale to go through. So it may no longer be reflective of current market conditions.


#2275

What is the base year? 2004?


#2276

Base Period

The base period for the RPPI is January 2005. Therefore, the RPPI answers the question how much would it cost to purchase the same set of dwellings sold in January 2005 in any subsequent month? The index for January 2005 is set to 100 and all subsequent price movements are expressed relative to this base.


#2277

Merci


#2278

Irish house prices: second highest increase in European Union
Home prices in Ireland jumped by 4.7% in third quarter of 2016, says Eurostat
irishtimes.com/business/econ … -1.2944689


#2279

Fill ye’re boots XX


#2280

There is no way the CSO is counting correctly when there are 20 or 30 living in a house (4 or 5 to a room) in Dublin city center. The last job ad we put out for a software developer had 3 Irish out of about 30 applicants. A huge proportion were from South America and living in Dublin CC.