Irish mortgage lending falling off a cliff....


#321

Passenger lists!
All airlines have to submit the passenger lists to the government, not sure which agency.
So I would imagine that’s where they get the stats from.


#322

I have two passports and I normally leave Australia on my Aussie one, arrive to Europe on my Irish one and leave Ireland on my Aussie one. The airline will never see my EU passport but customs will. How do they manage that?

If I’m arriving on a flight from the UK do you even need a passport for that?

And how are they going to get meaningful arrival/departure statistics from airline passenger lists. I might be an Irish person with a postal address in Germany arriving on a flight from London showing a UK drivers licence when I check in at Heathrow.

What does that mean on a passenger list. Am I German based on my postal address, British based on my drivers licence or Irish based on my passport?

Not to mention - How long do I intend staying? What is the purpose of my trip? Am I a tourist or here to visit family or conduct business?


#323

Won’t do much for the immigrants who come through Belfast and on down through Newry


#324

ibf.ie/Libraries/Research_St … .sflb.ashx

Big quarter - €750m. The bottom is sooooo 2011.


#325

Yeah massive quarter. 7% of the drawdowns in Q3 2006. The boom is back for sure.

Lending down by 12% YTD from 2011.


#326

Full report here: ibf.ie/Libraries/Research_St … .sflb.ashx

Q4 is the one to watch. I don’t see how it is possible to match last year.


#327

You make that sound like a bad thing.


#328

It is.


#329

Away today. Will do my usual analysis of the figures tomorrow


#330

Figures for drawdowns - first 3 Quarters:

2010 - €3,764M
2011 - €1,824M
2012 - €1,637M
2013 - €1,599M


#331

How the hell was 2010 that high ?
The sh*t had well and truly hit the fan by then.


#332

Went and did the 1st 3Qs from the other years from the IBF figures…

2005 - €23,773M
2006 - €29,529M
2007 - €25,526M
2008 - €19,510M
2009 - €6,316M

So 2010 was 50% less than 2009, which was 70% less than 2008.

I guess everyone assumed that that was as bad as it would get…


#333

i292.photobucket.com/albums/mm9/Coles-01/MortgageDrawdowsns2013Q3_zpsa9a37a8d.jpg


#334

Well, it doesn’t look like a credit bubble… on the other hand I’m an economist…


#335

If you look at the PPR, all the SCD bubble prices are being driven by €1M+ sales - which are disproportionately influencing the trend (and thanks to the CSO not counting cash sales, even more so!) due to low volumes in all the sub €1M ranges.

But fuck that negativity… WE’RE BACK BABY!


#336

Yeah, baby, yeah! Ride that Tiger!


#337

It’s a boom don’t you know. :unamused:


#338

And yet… irishtimes.com/business/sect … -1.1591157


#339

Nice typo


#340

This is a regurgitation of a MyHome press release… who of course are owned by the Irish Times. The article does not disclose the connection. Much the the Journal didn’t disclose its connection to Daft.