Lopping the top half off & Ireland’s property market in a global perspective

On Monday the latest daft.ie report came out, showing that asking prices had fallen just over 4% in the first three months of the year. Yesterday, I changed focus on the blog a little, as it was Budget day, and tried instead  to put some numbers on what a potential property tax could raise. Today, [...]

Irish house prices fall 4% since the start of 2009 – latest daft.ie report

Ireland’s property slump marked it second birthday today, with the news from the latest daft.ie report that asking prices for residential property fell 4.2% in the first three months of 2009. This latest drop in prices marks the eight consecutive quarter that prices have fallen. As the official press release notes, the national average asking [...]

Intergenerational outsourcing and the consequences of building 10% too much: A look at Ireland’s property market in 2013

With Davy Stockbrokers predicting a 70% fall in Irish construction activity from its peak over the coming ‘medium term’ (2009-2011 or so), I though it might be timely to review some headline statistics for Ireland’s property overhang. Recently, I’ve been peddling the idea that between 2004 and 2007, we were building twice as many homes [...]

Hair of the dog: With rents fallings, ECB cuts the only thing likely to drag yields above borrowing cost

The third and final (for 2008 anyway) instalment in the visualizations of Ireland’s property market takes a different look again to my recent posts on trends in prices and stock. Building on the measure of affordability on page 10 of each daft.ie rental report and a suggestion made on thepropertypin.com, it measures the gap between [...]