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

House Prices Correction?

  • 19-06-2005 8:24pm
    #1
    defiantshrimp
    Closed Accounts Posts: 241 ✭✭


    I see today the Sunday Times has published today a lengthy article in its main section about the worldwide housing bubble. The Sunday Times has been, in my opinion at least, one of the most zealous "brick & mortar" supporters around and if I recall published last month in the Money section something to the effect of saying it is not too late to make money in the buy-to-rent market. Does this signal a change in mood by the media and investors about the housing market? A crash like in 2001/2002 (can’t quite remember the exact time of year)? Or am I just reading too much into things?


Comments

  • #2
    Neuro
    Registered Users, Registered Users 2 Posts: 459 ✭✭Neuro


    defiantshrimp wrote:
    I see today the Sunday Times has published today a lengthy article in its main section about the worldwide housing bubble...

    I think this article is simply a less technical summary of a special report in this week's issue of The Economist.


  • #3
    Thomond Pk
    Closed Accounts Posts: 449 ✭✭Thomond Pk


    It is true that somemedia commentators can be a little short of objectivity at times. I would however say that most observers expect house prices to go up rather than down over the next two years. There are three reasons for this:

    1> The SSIA's are maturing over the next 12 months and a lot of people are leveraging them to raise deposits.
    2> Interest Rates
    3> New immigration & internal migration to urban areas.

    Houses outside the main urban areas are harder to judge and I'd say that holiday homes could go down in value as less people holiday in Ireland due to the high prices and dissappearing scenery.


Advertisement