Dublin’s prices among world’s most costly
By Eamon Quinn International Herald Tribune
Published: September 7, 2006
DUBLIN Bill Rigby owns an electronics plant in southwest Ireland that he and his wife, Sheila, run from their homes in Southern California, Munich and Fort Lauderdale, Florida.
But they have yet to be tempted to buy property in Dublin. “Even compared with the U.S., where we own places in Southern California and Florida, prices are higher here,” Rigby said. “Prices in Ireland are among the highest anywhere in the world.”
*At the end of 2005, the Paris-based Organization for Economic Cooperation and Development reported that Ireland had had 53 successive quarters of property price increases, the longest property boom it has recorded. Nine months later, nothing has changed, although the OECD has said the country’s real estate may be overvalued by as much as 20 percent and the governor of the Irish Central Bank has voiced concerns that rising interest rates could lead to a sharp downturn.
iht.com/articles/2006/09/07/ … ublin1.php
I wonder would KMAC & OB have ever listned to people like Bill Rigby, since they only listened to thos WITH money.
Interesting to note we could have the longest property boom in recorded history? Any one got any facts or statistics to bac/counter this point?