The Index has now been published – see main entry here.
Should be available later today if they are to keep to their commitment to produce in April the State’s only actual transaction price index. The monthly House Price Index was suspended following the publication of the December 2009 result (which saw a drop in residential prices of 3.6% in one month on thin sales). Comment and analysis including an exclusive downloadable spreadsheet will be available here. The link to the ESRI website House Price Index page is here.
Meanwhile one of the biggest auctions in recent times is taking place today in the Shelbourne on Stephen’s Green from 11am. 59 or so lots are up for grabs. The catalogue is here and the results will be here. (interesting that auction results don’t offend the Data Protection Act on disclosure of sales prices but other sales do!) Whilst there would normally be withdrawals of lots before such a large auction and some lots may not reach reserves and may be sold later and the word “shilling” has a particular meaning in the context of auctions, the results (although they should be treated with caution) should give some indication on prices. UPDATE: Preliminary results available at boards.ie indicate that there were 71 lots and only 6 were sold at an average discount of 7% on the AMVs, 26 were unsold where the average maximum bid/opening bid was 24% less than AMV, 25 attracted no bids/unsold, 14 were skipped/withdrawn – all in all, a washout.
All very well trying to ‘hide’ a market inside NAMA instead of clearing it at clearing prices. Then the bloody BBC runs this story all morning
http://news.bbc.co.uk/2/hi/technology/10092298.stm
1 in 5 Irish homes are empty they tell us
Mank, is that the right link? Or is Apple’s decision to ban Adobe Flash related to competitive practices in our property market?
Regarding the 1 in 5, that’s not too far wrong – there are 1.98m permanent dwellings in the State and 350k or so are empty. The UK has a very low international vacancy rate but the US had a 17% vacancy rate in its last Census estimate – see link here. http://www.census.gov/hhes/www/housing/hvs/qtr110/q110tab4.html
There will be a major forthcoming entry on here regarding vacant homes in the State, but whilst there may be 350k empty it is likely the case that the economic impact is not as great as the headlines might suggest.
I stand well corrected. Below is the correct link to the BBC ’1 in 5 Homes in Ireland Are Empty’ story with all the footage seemingly shot in Southern Leinster
http://news.bbc.co.uk/2/hi/europe/8653238.stm