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.
This week’s daft.ie report revealed some intriguing findings in relation to the current state and trajectory of Ireland’s property market. As was discussed yesterday, for example, while east peaked earlier than west, north has fallen further than south since the peak. One of the conclusions of both these findings is that Dublin and its commuter [...]
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, [...]
As those who’ve checked out/had to put up with my many word clouds on various different topics from Wicklow genealogy to Barack Obama will testify, I’m always looking for new ways to present data and information. For those with similar interests, a useful tool in that regard is Manyeyes, a free data visualization service offered [...]
