Of course the public servants in the ESRI are telling us there will be growth in house prices in Dublin of between 5-7% incredibly making 9 -1 news headlines, of course no mention of the in congruence with mortgage lending - that’s airbrushed out - analysis is for pessimists! It’s tabloid muck and always the spin, have we learned have we fuck, roll on the good times!!!
In a way I resent the idea of buying a house at this stage it almost anathema to me, I’m really damaged on this issue! Crapping al fresco is a serious problem though so that means renting hence buying slithers uncomfortably into that calculation
The Indo have a piece on this now independent.ie/business/iris … 32186.html THE amount loaned to home buyers fell for the 14th consecutive quarter between April and the end of June, the Central Bank said yesterday.
The rate of change in loans for house purchases was -2.2pc in the second quarter following a quarterly decline of 0.7pc in the first quarter.
The decline came despite a surge in house prices in south Dublin and sharp increases across much of the country.
With an estimated two-thirds of all house transactions now cash, the latest figures lend credence to the idea that most of the increases reported by estate agents, but not the Central Statistics Office, are due to cash buyers.
I was’nt aware of a ‘sharp increase across much of the country’!!!