Falling House Prices in Dublin

According to the Irish Independent, housing prices in Dublin on average are decreasing by just over €1,000 per month. However, property prices in the rest of the state are continuing to rise slowly or remain constant.

Property prices have been determined to have decreased on average of €4,500 in the past quarter of the year. Since the beginning of 2019, property prices in Dublin have fallen by 2.2%. The price of an average home in Dublin is now down to €433,000.

Although the average cost of housing in the capital has decreased, Dublin remains one of the most expensive cities to live in Ireland. On average, properties in the capital cost two to four times more than property in the rest of Ireland. This data was reported from the Irish Independent and the Real Estate Alliance (REA) Average House.

South Dublin has seen the steepest decline in overall average home values. In three months, property prices of South Dublin have fallen by  €6,500. Although progress has been shown in the prices of homes in Dublin, prices are still rising in other counties. Prices of …

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Newstalk 106: Rents are out of control, 23rd August 2016

Tara Duggan was presenting the ‘Right Hook’ and spoke to Karl Deeter of Irish Mortgage Brokers and Margaret McCormick of the Irish Property Owners Association about the issues around rents as news came out that they had reached boomtime levels.

The topics covered also reached into areas of taxation and new supply as well as the issues that currently exist due to past failures such as the ineffective rent control measures brought out in late 2015.

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RTE Primetime looks at housing 12th May 2014

We were pleased to contribute to RTE’s flagship current affairs show ‘Primetime’ when they looked at the Irish property market. As students of history we are confident that we are going to go through another boom-bust in the 2020’s, as believers in the ability for change we are hopeful it won’t have to be this way, but there is little to give faith in that when you look at the current policy response.

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Interest Rates: The Fed, The Bank, and the ECB

Interest rates are again in the headlines as the Fed, the Bank of England and the ECB all had meetings. It may be a little known point but in the past there was some currency co-operation, namely the Plaza Accord and two years later the Louvre Accord and although there is no official ‘strategy’ we may start to notice that central banks act with at least some degree of collusion as they try to solve global economic issues. That last sentence might confuse, on one had interest rates are not connected to currency strengths but interest rates do have an effect on inflation and inflation can be brought about by currency manipulation (namely having too much in supply).

The Irish rate of inflation thus far in 2008 dropped from 5% in June to 4.4% according to the Central Statistics Office (CSO) the article in the Times didn’t mention if this was headline or core inflation. It has been our belief for some time that …

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