trueeconomics.blogspot.com / Saturday, August 12, 2017
Some of the readers of this blog have been asking me to revisit (as I used to do more regularly in the past) the analysis of Irish property prices in relation to the ‘sustainability trend’. With updated CSO data on RPPI, here is the outrun.
The charts below show current National and Dublin property price indices in relation to the trends computed on the basis of the following CORE assumptions:
- Starting period: January 2005
- Starting index ‘sustainability’ positions: National = 82.0 (implying that long-term sustainable market valuations were around 18 percentage points below market price levels at January 2005 or at the levels comparable to Q4 2010); Dublin = 83.0 (implying 17 percentage points discount on January 2005).
The post 12/8/17: Are Irish Property Prices on a Sustainable Path? appeared first on Silver For The People.