irish property market forecast 2011

irish property market forecast 2011 : The property market in Ireland is in a lull at the moment. No one knows the true value of property,there are contradictory facts coming from the Government,they are talking about the end of the recession and turning the corner

More than 1500 companies have gone bust in 2010 The Vision -net analysis found that 55% of all hotels in Ireland. 44% of Construction Firms,41% of all Real Estate firms are experiencing serious credit distress , In the manufacturing sector,35% of firms are at high risk,and in the wholesale and retail trade the figure is 40% The 2 main problems are Getting paid and getting a loan

At best the Irish Business & Property market will remain floored,while at worst,a further crisis engulfing several of the weaker countries and their banks Karl Marx once said that Religion was the Opium of the people Well Property was the opium of the Irish People from 1994 to 2007. Since then The Irish are in a Massive Detox

Grim outlook for Irish property market
House prices in Ireland could drop by 55% from peak to trough, according to stress tests being used by the Irish central bank to assess the true extent of bad debt in the country's financial institutions. The outlook seems bleak, with house prices destined to fall by 55% between the peak of 2006 and trough of 2013. Read More...

house prices in Ireland will continue to fall
The Irish property market has some way to go before it bottoms out. Having seen property values fall 50 per cent since 2007, another 10 per cent decline is forecast before prices bottom out in 2011. A report from TCD finance professor Brian Lucey, estimates that house prices in Ireland will continue to fall for another 18 months; further intensifying the growing problem of negative equity throughout the country. Read More...

Irish property market looking up in 2011
Ireland's property market experienced improvement in January as home prices rose and an increase in sales were noted. The Royal Institution for Chartered Surveyors (RICS) forecasts that the trend will continue throughout 2011.Read More...

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