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Property

  • 16-10-2024 9:34pm
    #1
    nqtfarmer
    Registered Users, Registered Users 2 Posts: 186 ✭✭


    A question for the economists or even agronomists amongst ye. Given the constant rise in housing and land prices currently, what will happen? You have a working population being squeezed out of the market struggling to get on the property ladder.



Comments

  • #2
    Grueller
    Registered Users, Registered Users 2 Posts: 5,345 ✭✭✭Grueller


    I remember land near me here selling at €27000/AC in 2006. I bought land almost adjoining it in 2011 for €8000/ac. It has always had peaks and troughs. The troughs might not get as low but it looks like a peak at the moment



  • #3
    kk.man
    Registered Users, Registered Users 2 Posts: 3,813 ✭✭✭kk.man


    It's mad at the minute but we have a fast growing population and ever square bit of ground is being hovered up.

    If some of you can remember pictures of the Irish countryside from history books pre famine and how congested housing was, if the country keeps growing it might turn out something similar.



  • #4
    nqtfarmer
    Registered Users, Registered Users 2 Posts: 186 ✭✭nqtfarmer


    But unlike the Celtic tiger there seems to be a legitimate shortage of labour and material.
    Prices aren’t matching wages



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