Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

More interest rate increases

  • 05-10-2006 1:12pm
    #1
    Conar
    Registered Users, Registered Users 2 Posts: 1,635 ✭✭✭


    http://www.unison.ie/breakingnews/index.php3?ca=27&si=99432

    Just gone up another quarter percent.
    I know it was expected but its still a pain in the ass.
    Reckon this will further diminish peoples confidence in the housing market?


Comments

  • #2
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    Conar wrote:
    http://www.unison.ie/breakingnews/index.php3?ca=27&si=99432

    Just gone up another quarter percent.
    I know it was expected but its still a pain in the ass.
    Reckon this will further diminish peoples confidence in the housing market?

    Whether it further diminishes people's confidence in the housing market or not, I don't know.

    Of interest- there are now 4 properties from "The Village Weir" in Lucan (from a total of 23) for sale on myhome.ie The asking price for the 2 bed apartments is now 305-320 (with estate agents advising the real price is 317k and to offer another 5k for furnishings). This is a reduction of 30k on the price 2 bed apartments last sold at there 2 years ago...... (apparently no properties have sold in the past 2 years). As for 3 beds- they are 360 (down from 410k when the last one sold in May '04)........ All houses (all 4 of them) are being sold by buy-to-let investors and are now being aimed at the FTB market.

    Re: interest rates- concensus is another .25% this side of Christmas and a further .5% on top of that (to 4%) by May 07 (they are then suggesting that the US economy may be slightly crippled at that stage- and its entirely possible that the max may be at that stage).


Advertisement