How Long for Recession to Impact Property Prices?

If a recession begins, job losses, companies no longer hiring, etc.
How long do people thing it takes for the start of a recession to start affecting residential house prices?

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https://www.cso.ie/en/releasesandpublications/ep/p-na/quarterlynationalaccountsquarter12022provisional/domesticdemand/

I had a look at latest National Accounts figures for Personal Consumption of Goods and Services

Below we see 2 falls after a small increase. Obviously need more quarterly data but it may show a recession is on the way for real people, if when our GDP continues to be skewed by dominance of large enterprises

Statistic Quarter Sector UNIT VALUE
Modified Total Domestic Demand and Components of Modified Gross Domestic Fixed Capital Formation at Constant Market Prices (Seasonally Adjusted) 2021Q2 Personal Expenditure on Consumer Goods and Services Euro Million 27044
Modified Total Domestic Demand and Components of Modified Gross Domestic Fixed Capital Formation at Constant Market Prices (Seasonally Adjusted) 2021Q3 Personal Expenditure on Consumer Goods and Services Euro Million 27229 0.7%
Modified Total Domestic Demand and Components of Modified Gross Domestic Fixed Capital Formation at Constant Market Prices (Seasonally Adjusted) 2021Q4 Personal Expenditure on Consumer Goods and Services Euro Million 27082 -0.5%
Modified Total Domestic Demand and Components of Modified Gross Domestic Fixed Capital Formation at Constant Market Prices (Seasonally Adjusted) 2022Q1 Personal Expenditure on Consumer Goods and Services Euro Million 26890 -0.7%
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I know that it says “Constant Market Prices (Seasonally Adjusted).”

Do you know if this accounts for price inflation?

This Robot Already Owns Everything (And it’s just getting started) : Blackrock Aladdin

You could also factor in here the Blackrock’s Aladdin machine (Asset Liability and Debt and Derivative Investment Network) & Efront a data harvesting private equity and real estate machine. These monopoly companies didn’t invest in real esate for nothing & how will this affect house prices in the coming recession?

State no longer Bank of Ireland’s biggest shareholder


State no longer Bank of Ireland's biggest shareholder.

I had a look and can’t see any mention of price inflation adjustment

Prepare

Hobbs’ warning about a recession comes as one of the world’s wealthiest business leaders and potential Twitter owner, Elon Musk, also expressed concern about the economy. Meanwhile, the British Office for National Statistics (ONS) published new figures that reignited fears the UK is heading for a recession.

In an interview with The Irish Mirror, Hobbs said that Ireland will enter an economic downturn within a matter of months as he predicted imminent job losses and business closures. He said that there is a “complete suspension of reality” in Irish public life at present, and accused Irish political leaders of failing to be honest with themselves or the Irish public on the prospects for the economy.

“We will likely be in recession by early Autumn, but definitely by Winter. All the signs are there. Right now, we are in a vortex, on the way to recession”, Hobbs said.

“We’re looking at the economy contracting, job losses, business closures. It’s a f**king firestorm,” he added.

…Hobbs believes that despite the financial hardship Ireland endured in the aftermath of the Celtic Tiger, the situation we are facing is worse than it has ever been before.

…While he predicted that a recession will follow, he insisted that house prices won’t crash as they did in the last recession of 2008.

Yep, a complete disconnect with public policy makers & reality

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Why wouldn’t house prices decline during a massive recession?

Because of institutional investors using property as a hedge ?

Or something else?

Surely a significant element of current price inflation is expectation as to future values? As soon as prices go into reverse that disappears.

Boo!

Archived link: https://archive.ph/x0EUB

Recession and depression are TEMPORARY. What we are facing and what’s being prepared will be permanent.