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Another month of positive property price growth.

goodie2shoes

Yet more evidence that the housing market is in full recovery.
i've been saying as much for the past few months, but many posters here just do not want to countenance such, and have i've been strongly cricicized for even suggesting as much.

4 out of the past 5 months have now seen increases!
In fact, November's rise in the capital is higher than the typical monthly increase during the boom years, when prices rose at between 1.2pc and 2pc per month.

What say you now fellow boardies?

http://www.independent.ie/national-news/rise-in-home-prices-sparks-hopes-of-recovery-3338359.html

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Cee-Jay-Cee

I travel every where by gravy train.

3ndahalfof6

CJC999 wrote: »

I travel every where by gravy train.

Hi Berti, have a good 1.

Best username ever

The prices in certain areas are still dropping. I remember in 2006 houses in killinarden in Tallaght were selling for nearly 300k, now you can buy an expensive one for 80k. The shítty areas are continuing to drop whilst better areas are seeing a value increase.

xper

Ah, a goodie2shoes post about property. Always good for a laugh!

goodie2shoes wrote: »

...In fact, November's rise in the capital is higher than the typical monthly increase during the boom years, when prices rose at between 1.2pc and 2pc per month.

This fact alone should tell you that what has gone on in the Dublin property market in the last four months or so is exceptional and, as such, it is folly to rely on it as any sort of indicator for anything whatsoever.

venividi

Big Bottom wrote: »

I'm sorry but anyone who was foolish enough to buy an apartment deserves to be in huge debt there was no excuse.

V harsh comment. Buyers have obviously to accept the consequences of their actions, but regulators, bankers, politicians journalists and the establishment in general shoulder a greater proportion of the blame 4 the bubble. Everything is easy with hindsight but it was very difficult 4 young people to go against the general consensus in the face of the prospect of missing their possibly only chance to get on the property ladder.

Dan133269

goodie2shoes wrote: »

Yet more evidence that the housing market is in full recovery.

goodie2shoes wrote: »

a return to positive sustainable (not the speculative bubble we had btw!) property price growth would have a hugely beneficial effect on the domestic market/economy.
people would feel better-off and would resume spending more money

coolhull

goodie2shoes wrote: »

funny there was lots of people saying the tax relief scheme was a con, and would have no effect on the market.
now those same people are telling us the market will fall again once it ends. seems they change their story to fit the facts?

i suppose even a broken clock gets the time right ............:D

Developer??

[Deleted User]

goodie2shoes wrote: »

Yet more evidence that the housing market is in full recovery.
i've been saying as much for the past few months, but many posters here just do not want to countenance such, and have i've been strongly cricicized for even suggesting as much.

4 out of the past 5 months have now seen increases!
In fact, November's rise in the capital is higher than the typical monthly increase during the boom years, when prices rose at between 1.2pc and 2pc per month.

What say you now fellow boardies?

http://www.independent.ie/national-news/rise-in-home-prices-sparks-hopes-of-recovery-3338359.html

The Pindoctors have torn that article apart, just look at all the comments. :pac:

Rereggie Perrin

Prices fall again, all over the country. CSO figures for December:

Summary:
Dublin House prices are 54.4% lower than at their highest level in April 2007 (fell by 1.7% in the month of December 2012 and were 1.7% lower compared to a year earlier)

Dublin Apartments are now 62.3% lower than their peak in February 2007 (rose by 3.7% in the month of December 2012 but were 10.9% lower compared to a year earlier)

Dublin Residential property prices are 56.0% lower than at their highest level in February 2007 (fell by 1.3% in the month of December 2012 and were 6.1% lower than a year ago)

Residential properties in the Rest of Ireland are 46.6% lower than highest level in September 2007 (flat in December 2012 but were 6.1% lower compared to a year earlier)

Overall, the national index is 49.6% lower than its highest level in September 2007 (fell by 0.5% in December 2012 and were 4.5% lower compared to a year earlier)

Of course Goodie2Shoes will not be seen again posting on this subject for another few months when a blip upwards disturbs the continuing downward trend.