WGU on the New Boom in Broadsheet.ie


#1

Boom It May Concern

What Goes Up writes:

I’ve been pondering the Dublin “price rise” anomaly.

Arrears continue to rise:

Mortgage lending continues to fall:

Yet… Dublin prices are apparently in a bubble:

How is this possible?

Easy – when volumes are so low, simply sell a couple of multi-million Euro properties and skew the data.

Taking the numbers for Dublin from the Property Price Register for “July 2011 – June 2012″ and “July 2012 – June 2013″, we can match changes in sales volume to changes in sales value and see the almost perfect correlation (and the one obvious aberration!).

It’s only a bubble if you’re selling your multi-million Euro property!

broadsheet.ie/


#2

Well done WGU

Link here
broadsheet.ie/2013/08/28/boom/#comments


#3

WGU if the large scale purchases such as Clancy Quay are excluded how much does that shift the data by?

propertypriceregister.ie/website … enDocument

the DAFT.ie register implied poor value…