Ronan Lyons | Personal Website
Ronan Lyons | Personal Website

June 2009

Property a shining example of ‘never a better time to save’

With CPI figures showing inflation at -5%, the real return on saving has climbed to a 16-year high. A property-specific real rate of interest can be calculated from the mid-1970s on. It shows that over the whole course of the Celtic Tiger period, real property interest rates were negative. The real cost of borrowing for property now, however, is 15% – higher than at any point for which we have the figures. Read more

Up to 60,000 households threatened by negative equity and unemployment

Currently, up to one in four households with a mortgage is faced with negative equity. At the same time, one in seven is coping with unemployment. It is likely, then, that there are in the region of 20,000 homes faced with both negative equity and unemployment. If the Live Register reaches 500,000 and house prices fall another 25% in the next year, this figure could treble to 3.5% of all households. Read more

New Day, New Website

I’ve been talking about it for a while now, and the day has finally arrived – my new website  is live. I hope you like it – the new layout is designed to make navigation easier so there are just 3 main categories  now: Irish Economy, World Economy and Property Market. There are now also 2 options for keeping up to date – you can use the RSS feed or sign up for email alerts. A new section is Recommended Reading, while my miscellaneous ramblings, for example on genealogy or technology, are here.

As always, all comments and feedback are very welcome and if there is anything in particular you think I should spend some time investigating, I would really appreciate your suggestions. (Contact details are here.)

Thanks to Susan Gallagher for web design – if you’re in the market for a website I would definitely recommend her – and Naoise McNally for helping me understand the ins and outs of blogging and online marketing.