Psssssst...... Wanna know why Dublin house prices are rising?

Arrears continue to rise:

Mortgage lending continues to fall:

Yet... Dublin prices are apparently in a bubble:

How is this possible?

Easy - when volumes are so low, simply sell a couple of multi-million Euro properties and skew the data.

Taking the numbers for Dublin from the Property Price Register for "July 2011 - June 2012" and "July 2012 - June 2013", we can match changes in sales volume to changes in sales value and see the almost perfect correlation (and the one obvious aberration!):

The numbers are here:

And here are the three years graphed:

 - by numbers of sales

- by volume of sales

It's only a bubble if you're selling your multi-million Euro property!

Source data:

No comments:

Post a Comment