There are a number of factors that will continue to support strong prices in 2023. These include ongoing supply issues, as well as greater access to finance - from the start of this month, potential homebuyers have been able to potentially increase their budget, given a relaxation in the rules which govern how much people can borrow to buy a home.
This has had a severe impact on house prices; in January, state-owned lender SBAB said house prices were down by 19 per cent from their spring 2022 peak. The country also has very high personal debt, at 203 per cent of net disposable income in 2021, according to the Organisation for Economic Co-operation and Development . Contrast this with the Republic, where household liabilities shrunk following the financial crisis. Figures from the Central Bank show that household debt, as a percentage of household disposable income, stood at 100 per cent in the third quarter of 2021 — an all-time series low.
Really, -12.7% compared to this time last year…
Central bank restricted credit forcing more people into renting. As a consequence most of the price surge over last number of years has been in rental cost more so then buying cost. Therefore it is likely imo that any downward movement in purchase prices will be very limited
Anglo Irish times, noone trusts anything you say. ALL of your articles lack credibility. That's what happens when the public turns against your lies.
If you keep letting dirt into towns, yes. Naturally Ireland is overheating on FDi. When the big Corp money leaves there will be one mighty big hole.
During covid,Sweden was the black sheep of the world according to the media,now their been used as a yardstick for ireland,BY THE MEDIA.ffs.
No
More than likely
Didn't we already have something like this in years past
House prices and rents here need to fall by more like 60% to get back to any kind of affordable levels. That will never happen as long as Irish Property is the plaything of Corporations and Vulture Funds. We need state built and rent controlled accommodation.
I reckon Sweden may be a precursor for Ireland in other areas!
Article leaves us hanging. When are the majority of fixed terms due to end? With people coming off fixed mortgages, does the author think people will not be able to afford repayments and will therefore be forced to sell?
nah. ireland will do it twice as bad. try 50%.... AGAIN
Can someone post the crime statistics for paulmurphy_TD
No
Please God.
Hopefully
No BS media
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