Irish house prices up more than six times EU average

[NegativeEquity]

irishtimes.com/business/iri … -1.2278974

[Eschatologist]

@mightyz

Where did house prices grew by 16% in first 3 months of 2015?

It’s a nonsense statement.

@IrishTimes

The rate of increase across the State was put at 16.8 per cent in the first quarter of 2015 compared to the same quarter of the previous year

@Or in plain English

In the first quarter of 2015, Irish house prices were 17% higher than a year before.

[johnp002]

@mightyz

The rate of increase across the State was put at 16.8 per cent in the first quarter of 2015 compared to the same quarter of the previous year, the latest Eurostat House Price Index indicates.

Where did house prices grew by 16% in first 3 months of 2015?
Is it in minds of newspaper and agents or there is some data behind it?

oh. I got it now… looking at propertypriceregisterireland.com/graphs/
I can see that during last summer there was huge growth, which cause year-to-year being still surplus.

If we get a little or no growth till the end of the year, do you think they will compare 2 years back or start comparison to the bottom?
They keep comparing to the ridiculous peak despite the fact it was unreal.

Already started. Daft Q2 report has introduced a new indicator called “from trough”

[comstock]

@mightyz

They keep comparing to the ridiculous peak despite the fact it was unreal.

Alas, although it was lunacy it was real.

[Renting_And_Proud]

Strangely when the media (lead by the foaming mouth brigade in the Indo) refer to motor insurance “hikes” and how companies are “ripping off” their customers by raising the price of a loss making product they fail to mention prices are still well below their peak (which was 2002 or 2003 IIRC)