October 06 Bubble News Articles

Some of the latest media articles relevant to the bubble:

Added 24-10-2006
Indo: Up to 20pc of homes built since 2002 are empty
"The vacant homes are mainly owned by investors who have yet to rent or sell them on"

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Added 22-10-2006
House sellers in Dublin have slashed prices by as much as a third in an effort to secure a sale
"A survey found that a couple on the average industrial wage will still need to raise €163,000 - on top of a mortgage - to buy a house in Dublin"....nuff said


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Added 21-10-2006
20-10-2006: RteNews: Cowen rules out stamp duty move
Hmmm, were McDowells stamp duty remarks calculated to both take the heat out of the market and to keep their their fingernails on the political ladder, reminding voters that it was an election manifesto proposal


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Added 18-10-2006
Finfact: Central bank reckons on a soft landing
"Ireland remained "under-housed" compared with other European countries" - is that still the case, considering the number of vacancies and does it include apartment counts? If you have any links to these stats send them in.

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Added 16-10-2006
Sunday Independent: House market stalls on stamp duty prospects
From an auctioneer: "You only have to count the property pages to see that an awful lot of people now want to sell"

Madness: "In August, a Bank of Ireland property review forecast that by year-end the average cost of a house nationally would be €395,000 and that in Dublin the average price would reach €532,000. "

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Added 14-10-2006
Bloomberg.com: ECB's Stark Expects Growth at Top End of Forecasts This Year
"Futures trading shows investors expect the ECB to take its key rate to 3.5 percent in December and possibly raise it one more time in the first half of next year"

Dailyfx.com: EUR/USD Q4 Outlook
Some interesting analysis amongst alot of boring financial facts. One point to take is that oil is at a low price now - if it starts rising again, inflation will rise and then interest rate

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Added 11-10-2006
Irish Independent: Home loan price war as bank cuts back profits

- Good news there for the desperate few which the banks are now fighting over. I say run for the hills!!!

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Added 10-10-2006
Sunday Times: Prepare for a bang when the property bubble bursts
Sunday Business Post: Irish property market living on borrowed time
Bloomberg: European Bonds Decline on Signs Economic Growth Is Quickening (i.e. interest rates to rise)