Ireland ranked 22 in frothiest Property guide

celtic_oz

Bloomberg Economics use five different indicators, such as price-to-rent ratios and price-to-income ratios to assess a country’s ‘bubble rank’.


Interesting we are the only ones with negative credit growth.




Link

celtic_oz

celtic_oz wrote: »

Bloomberg Economics use five different indicators, such as price-to-rent ratios and price-to-income ratios to assess a country’s ‘bubble rank’.


Interesting we are the only ones with negative credit growth.




Link

It's a reasonable question ask if our borrowings are shrinking yet prices keep increasing, where is the money coming from?

hometruths

ronoc wrote: »

It's a reasonable question ask if our borrowings are shrinking yet prices keep increasing, where is the money coming from?

The government and institutional investment funds.

Marius34

ronoc wrote: »

It's a reasonable question ask if our borrowings are shrinking yet prices keep increasing, where is the money coming from?

There are growing demands for the last 10 years from physical persons (savings/mortgage), Reits/Funds, Government bodies.

Marius34

Marius34 wrote: »

There are growing demands for the last 10 years from physical persons (savings/mortgage)

Yet credit growth is falling...

handlemaster

schmittel wrote: »

The government and institutional investment funds.

The government buying the property for those who don't have to buy for themselves

Marius34

Deleted User wrote: »

Yet credit growth is falling...

Because people are paying off their massive credits taken in 2005-2008.
The mortgage taken in recent years are higher than what it used to be few years ago, but it still not in the level to offset the payoff from credit bubble.

Marius34

Marius34 wrote: »

Because people are paying off their massive credits taken in 2005-2008.
The mortgage taken in recent years are higher than what it used to be few years ago, but it still not in the level to offset the payoff from credit bubble.

Care to provide evidence for this?

Marius34

celtic_oz wrote: »

Bloomberg Economics use five different indicators, such as price-to-rent ratios and price-to-income ratios to assess a country’s ‘bubble rank’.


Interesting we are the only ones with negative credit growth.

It is interesting indeed. It shows how much Ireland was effected by Credit bubble.
I would think there is big chance to reverse this/next year, with credit growth changing to positive.

Marius34

Deleted User wrote: »

Care to provide evidence for this?

Yes, here it is the evidence of increased mortgage drawdowns in the recent years:
[IMG][/img]https://www.boards.ie/vbulletin/attachment.php?attachmentid=556568&stc=1&d=1624364324


Drawdowns
2006 Q1 25,888
2006 Q2 28,089
2006 Q3 29,884
2006 Q4 26,929
2007 Q1 20,967
2007 Q2 22,087
2007 Q3 21,877
2007 Q4 19,264
2008 Q1 13,299
2008 Q2 16,694
2008 Q3 14,209
2008 Q4 9,416
...
2014 Q1 3,126
2014 Q2 4,337
2014 Q3 5,763
2014 Q4 6,929
2015 Q1 5,113
2015 Q2 5,437
2015 Q3 6,334
2015 Q4 6,780
2016 Q1 4,634
2016 Q2 5,767
2016 Q3 6,894
2016 Q4 7,596
2017 Q1 5,843
2017 Q2 6,761
2017 Q3 8,082
2017 Q4 8,709
2018 Q1 6,402
2018 Q2 7,381
2018 Q3 8,727
2018 Q4 9,613
2019 Q1 6,673
2019 Q2 7,987
2019 Q3 9,486
2019 Q4 9,941
2020 Q1 6,925
2020 Q2 5,034
2020 Q3 6,366
2020 Q4 10,164
2021 Q1 7,294

L1011

NZ, which a few posters frequently big up as where they want to go, at #1.

Timmyr

L1011 wrote: »

NZ, which a few posters frequently big up as where they want to go, at #1.

I recently bought a house in Auckland and believe me, if you are looking for affordable housing, don't come to NZ

CrabRevolution

Timmyr wrote: »

I recently bought a house in Auckland and believe me, if you are looking for affordable housing, don't come to NZ

I read an article recently about Auckland being rated the most liveable city on earth or somesuch, to the total bafflement of the inhabitants of Auckland considering it was also recently ranked in the top 5 least affordable cities for housing on earth.

Timmyr

CrabRevolution wrote: »

I read an article recently about Auckland being rated the most liveable city on earth or somesuch, to the total bafflement of the inhabitants of Auckland considering it was also recently ranked in the top 5 least affordable cities for housing on earth.

yes, apparently it was heavily weighted on the covid situation here

Mad_maxx

Timmyr wrote: »

I recently bought a house in Auckland and believe me, if you are looking for affordable housing, don't come to NZ

Or well built ones

Timmyr

Mad_maxx wrote: »

Or well built ones

To be honest, thats a bit of a myth, our house is very well built as are most new builds.

Granted a lot of older homes are sh1t