Monday, Mar 15th 2010
The latest DAFT report is out covering rents. I have written the quarterly commentary which can be read here (and thanks to Ronan Lyons for inviting me to write the commentary). The headline news is that rents have ’stabilised’ and have started to rise - though whether this presages a long-term upward trend remains to [...]
Ronan Lyons | NAMA Assumptions on Prices Not Good Enough
Ronan Lyons, economist with the property website Daft, provides a very thorough analysis of the Dept of Finances assumptions about the fall in the price of property to 47% from the peak, and the suggestion that property yields are high relative to European and historical averages.
According [...]
Writing in today’s Irish Times Fintan O’Toole says that the pricing mechanism envisaged in the NAMA bill will have the effect of producing another property bubble – it will rely on the price of housing reaching 2002-2003 levels, which was still many times higher than the majority of workers’ wages.
“An aristocracy in a republic is like a chicken whose head has been cut off; it may run about in a lively way, but in fact it is dead.”
Nancy Mitford
Amidst the collapse of the Irish economy, the inhabitants of a rural hinterland begin to feel the touch of the dead hand of the housing market.
This [...]