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 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Mon Nov 21, 2016 6:23 pm 
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Planning Tribunal Attendee

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Posts: 1336
What has happened in this country is absurd, I suspect we will look back in 3-4 years and think how on earth did we engage in such collective madness. First we had one of the biggest property bubbles in the developed world and our solution was to re-inflate the bubble. The next collapse, just like the last time will be driven by a confluence of external factors to which Ireland will be not only unshielded to, but highly leveraged to. What is game-plan for this country when Europe comes apart at the seams? No doubt our elected officials are busy building contingency plans complete with sustainable economics. Basket case country run by cute hoors.


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 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Mon Nov 21, 2016 8:20 pm 
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Nationalised
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Posts: 9020
FreeFallin wrote:
That EC report being discussed on Newstalk now....with Ross Maguire on as the talking head !!! A barrister talking about economics

A barrister heavily involved in 'dealing with' the casualties from the last bubble. I presume that was the context of his contribution?


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 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Mon Nov 21, 2016 8:38 pm 
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wait until we get in EBC a Japanese Kamikaze QoE style: keep buying stocks and doing all they can to get 2% inflation.
http://www.bloomberg.com/news/articles/ ... s-investor


EBC QoE is even bigger failure than Japanese so far, so I expect more magic to come in 2017.

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Why it was so windy there?... I am out.

For future reference, a 'soft landing' theorem:
06/2007: Central Bank predicts soft landing for housing
http://www.independent.ie/business/iris ... 96858.html
It's all grand


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 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Tue Nov 22, 2016 1:20 am 
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newirishman wrote:

Maybe someone can help - I am looking at the report from the EC but I somehow fail to identify where it says that Irish house prices are undervalued.


This is the report, pages18/19:
https://ec.europa.eu/info/sites/info/files/2017-european-semester-alert-mechanism-report_en_0.pdf


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 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Tue Nov 22, 2016 6:47 am 
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Of Systemic Importance

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Posts: 5469
osiri wrote:
newirishman wrote:

Maybe someone can help - I am looking at the report from the EC but I somehow fail to identify where it says that Irish house prices are undervalued.


This is the report, pages18/19:
https://ec.europa.eu/info/sites/info/files/2017-european-semester-alert-mechanism-report_en_0.pdf

Ireland is not Dublin

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 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Tue Nov 22, 2016 10:20 am 
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Location: SthDub
Barney Gumble wrote:
FreeFallin wrote:
That EC report being discussed on Newstalk now....with Ross Maguire on as the talking head !!! A barrister talking about economics

A barrister heavily involved in 'dealing with' the casualties from the last bubble. I presume that was the context of his contribution?

Not from what I heard...he was actually discussing house values!


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 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Tue Nov 22, 2016 8:55 pm 
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Planning Tribunal Attendee

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Posts: 1425
Location: 0-71
>Ireland is not Dublin

It is for most of EU.
From economic point of view is it more than 50% of GDP ?

_________________
Why it was so windy there?... I am out.

For future reference, a 'soft landing' theorem:
06/2007: Central Bank predicts soft landing for housing
http://www.independent.ie/business/iris ... 96858.html
It's all grand


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 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Tue Dec 20, 2016 12:11 am 
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CSO Residential Property Price Index – October 2016 & Overall figures:

http://www.cso.ie/en/releasesandpublica ... tober2016/

Image

Notes:
1. Per the official PPR there were 33,994 Property Purchases in Jan-Sep 2016 as at 17/11/16.
Per BPFI there were 18,993 Mortgage Drawdowns in Jan-Sep 2016. See here for details viewtopic.php?f=4&t=26451&p=814001
Therefore 44.1% of all Sales were Cash purchases to date in 2016.
This compares to 47.6% cash sales in 2015, 50.7% in 2014 and 52.3% in 2013.

2. As of September 2016 the Index has been updated to now cover all market purchases of houses and apartments by households, both cash and mortgage-based transactions. All previous figures have been revised using this new method to January 2005.

3. This index is a lagging indicator of the Irish mortgage market. These houses were probably Sale Agreed 3-6 months ago, depending on how long it took for the sale to go through. So it may no longer be reflective of current market conditions.


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 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Mon Jan 16, 2017 1:09 pm 
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Location: Lovely Leitrim
http://www.cso.ie/en/releasesandpublica ... ember2016/

Property price inflation accelerates to 8.6%

http://www.irishtimes.com/business/econ ... -1.2938646

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 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Mon Jan 16, 2017 4:58 pm 
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Property Magnate

Joined: Oct 12, 2014
Posts: 632
Location: Dublin
NegativeEquity wrote:
http://www.cso.ie/en/releasesandpublications/ep/p-rppi/residentialpropertypriceindexnovember2016/

Property price inflation accelerates to 8.6%

http://www.irishtimes.com/business/econ ... -1.2938646

We're nearly there everyone - we've nearly "recovered" to 100% of the baseline!
If we all just push hard, we can get this bad boy all the way back up to the full recovery high water mark of summer 2006.
With the help of the Gubbernment & VIs we'll get there!
:-GC


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