Has the new year brought a change in the property market headwinds? Will first-time buyers waiting in the wings find themselves missing out if they don’t move soon? This post looks at trends in the total stock sitting on the market in both apartments and houses, across Dublin, in the other major cities and in the rest of the country. It also estimates the percentage of all properties currently listed for sale in each segment
This post continues the regional review of house prices with an analysis of four-bedroom homes in the different suburbs of Cork. It finds that Cork bucks the trend seen generally in the country and in Dublin and Galway cities that more expensive areas have fallen hardest. The largest falls in Cork have been in Glanmire. It then explores some of the likely explanations for these different regional trends.
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.
Irish households hit by both unemployment and negative equity
A review of the latest trends in Ireland’s residential lettings market, from the Q1 2009 Daft.ie Rental Report, including a map of the changes in rents by county.
Ireland’s property market is currently in rewind. Homes now are at March 2005 values – or July 2004, if asking prices are 10% above closing prices. Figures from daft.ie, the Census and the Dept of the Environment allow an estimate of both the number of homes now worth less than when they were bought – about 725,000, or 40% of homes – and how many of those are in negative equity -about 340,000, or 20% of homes.
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, I [...]
How did Roscommon’s property market fare in 2008, compared to Limerick’s? Why?
For some thoughts on the above, and on South County Dublin, Cork City and Kilkenny, as a representative smattering of the regional tidbits in the latest Daft Report, you can catch a five minute or so interview on January 15’s Ireland AM on here, [...]
All of four months ago – seems about a quarter that long ago – I posted about my Cork Smiddy and Beausang roots. Judging from some of the search terms that direct to my blog, it seems there’s a good bit of demand out there for the Beausang part in particular.
So, I’ve decided to put [...]
The Irish Family History Foundation has started to put online its researchers’ work on the earliest complete Irish Censuses – those of 1901 and 1911. (Permit me to digress and lament the various circumstances, from bizarre mid-Great War bureaucratic decisions to Irish Civil war tactics, that led to the destruction of the 1821-1891 Irish censuses, [...]
