Board index » The IRISH PROPERTY BUBBLE » The Republic of Property

Post new topic Reply to topic  [ 2394 posts ]  [Go to page]   Previous  1 ... 233, 234, 235, 236, 237, 238, 239, 240  Next
Author Message
 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Sat Mar 11, 2017 9:47 pm 
Offline
Of Systemic Importance
User avatar

Joined: Aug 20, 2009
Posts: 5209
CSO Residential Property Price Index – January 2017 & Overall figures:

http://www.cso.ie/en/releasesandpublica ... pijan2017/

Image
Notes:
1. Per the official PPR there were 47,346 Property Purchases in 2016 as at 10/03/17.
Per BPFI there were 27,416 Mortgage Drawdowns in 2016. See here for details viewtopic.php?f=4&t=26451&p=814001
Therefore 42.1% of all Sales were Cash purchases to date in 2016.
This compares to 47.7% 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.


Top
 Profile  
 
 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Fri May 12, 2017 5:50 pm 
Offline
Of Systemic Importance
User avatar

Joined: Aug 20, 2009
Posts: 5209
CSO Residential Property Price Index – March 2017 & Overall figures:

http://www.cso.ie/en/releasesandpublica ... pimar2017/

Image

Notes:
1. Per the official PPR there were 47,507 Property Purchases in 2016 as at 12/05/17.
Per BPFI there were 27,416 Mortgage Drawdowns in 2016. See here for details viewtopic.php?f=4&t=26451&p=814001
Therefore 42.3% of all Sales were Cash purchases to date in 2016.
This compares to 47.7% 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.


Top
 Profile  
 
 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Sat May 13, 2017 7:08 am 
Offline
Under CAB Investigation

Joined: May 12, 2012
Posts: 2173
I had a look at airbnb recently in Dublin and there are some silly prices on offer there.

An increasing amount of housing is coming on stream too. Some apartments are clamping down but there is not much that can be done for houses.

I think this is pushing up rents as the normal supply gets restricted. I think it is pushing up selling prices too as cash-only investors are piling in.

It's obviously a lot of work but sweating an airbnb gets a gross yield of maybe 8% in Dublin right now.


Top
 Profile  
 
 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Wed Jun 14, 2017 8:34 pm 
Offline
Of Systemic Importance
User avatar

Joined: Aug 20, 2009
Posts: 5209
CSO Residential Property Price Index – April 2017 & Overall figures:

http://www.cso.ie/en/releasesandpublica ... piapr2017/

Image

Notes:
1. Per the official PPR there were 47,551 Property Purchases in 2016 as at 13/06/17.
Per BPFI there were 27,416 Mortgage Drawdowns in 2016. See here for details viewtopic.php?f=4&t=26451&p=814001
Therefore 42.3% of all Sales were Cash purchases to date in 2016.
This compares to 47.7% 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.


Top
 Profile  
 
 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Wed Jun 14, 2017 11:50 pm 
Offline
Planning Tribunal Attendee

Joined: Sep 15, 2015
Posts: 1471
Must be the first month in a while houses haven't gone up. Has the inflation of the bubble ceased?


Top
 Profile  
 
 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Thu Jun 15, 2017 4:05 am 
Offline
Nationalised
User avatar

Joined: Apr 1, 2010
Posts: 10874
Worstpigeon wrote:
Must be the first month in a while houses haven't gone up. Has the inflation of the bubble ceased?

If only. The month on month changes are pretty noisy and have hit zero or below ten other times since the 2012 trough, last time in December:

Image
CSO Residential Prices: Dublin Houses, index and MoM %change

_________________
"Prediction is very difficult, especially about the future" – Niels Bohr


Top
 Profile  
 
 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Thu Jun 15, 2017 9:45 am 
Offline
Under CAB Investigation

Joined: Apr 9, 2014
Posts: 2126
They also experience a high level of seasonality.


Top
 Profile  
 
 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Tue Jul 11, 2017 12:56 pm 
Offline
Too Big to Fail
User avatar

Joined: Mar 7, 2012
Posts: 3357
Location: Lovely Leitrim
House prices jump by almost 12% in the year to May

https://www.irishtimes.com/news/consume ... -1.3150623

Well done Coveney (Help to Buy) and Noonan (lobbying central bank ease lending rules), both first degree cretins

_________________
If Monday was a browser it'd be IE.


Top
 Profile  
 
 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Tue Jul 11, 2017 2:16 pm 
Offline
Under CAB Investigation

Joined: Apr 4, 2008
Posts: 2572
NegativeEquity wrote:
House prices jump by almost 12% in the year to May

https://www.irishtimes.com/news/consume ... -1.3150623

Well done Coveney (Help to Buy) and Noonan (lobbying central bank ease lending rules), both first degree cretins


Problem is this is exactly the intention - it's not law of unintended consequences. They set out to increase prices and succeeded

I agree it's idiotic however but like everything in Ireland we learn fuck all. As another poster said previously, it's a pity people queue outside developments to buy rather than queue outside the Dail with pitch forks

_________________
Borrowers seeking mortgages have had to resort to saving deposits, forcing many to sit by and watch house prices tumble without being able to do anything about it. Sunday Independent - June 1 2008

I know a lot of them, like [Jimmy] Flynn, [Noel] O’Flaherty and the Baileys. You meet the Baileys at Croke Park every time you go there. You can’t avoid getting a slap on the back going in from them. Most of these guys lost their shirt. I feel sorry for them - Bertie Ahern


Top
 Profile  
 
 Post subject: Re: CSO Residential Property Price Index - megathread
PostPosted: Sun Jul 16, 2017 9:03 pm 
Offline
Of Systemic Importance
User avatar

Joined: Aug 20, 2009
Posts: 5209
CSO Residential Property Price Index – May 2017 & Overall figures:

http://www.cso.ie/en/releasesandpublica ... exmay2017/

Image

Notes:
1. Per the official PPR there were 47,587 Property Purchases in 2016 as at 11/07/17.
Per BPFI there were 27,416 Mortgage Drawdowns in 2016. See here for details viewtopic.php?f=4&t=26451&p=814001
Therefore 42.4% of all Sales were Cash purchases to date in 2016.
This compares to 47.7% 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.


Top
 Profile  
 



Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 2394 posts ]  [Go to page]   Previous  1 ... 233, 234, 235, 236, 237, 238, 239, 240  Next

    Board index » The IRISH PROPERTY BUBBLE » The Republic of Property

Who is online

Users browsing this forum: No registered users and 6 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Jump to:  

Follow, Retweet @dailypinster



Pyramid Built, Is Better Built! - Latest Property Discussions www.thepropertypin.com