Daft Property - Irish Property News

Acconding to a new report, by the Central Bank of Ireland, Mortgage growth in Ireland has now hit a new 14yr low! Surpise, surprise!!!

Just reading the Irish Times this morning and found some tasty "bargains" (well they are a bit cheaper than they were anyway!) Butterfield, Rathfarnham, Dublin 16, prices cut by up to €800,000... Largest house: 2007 €2.8 million - now €2 million Detached houses: 2007 €1.95 million - now €1.45 million Semi-detached: 2007 €1.2 million - now €990,000 Dalriada, Knocklyon "starter scheme", prices cut by up to €100,000... Houses: 2006 €610,000 - now €510,000 Duplex: 2006 €450,000 - now €399,000 Apartments: 2006 €399,000 - now €355,000 Firview Close Apartments, Dublin 3, prices cut by up to €55,000... 1 Bed: 2007 €325,000 - now €295,000 2 Bed: 2007 €450,000 - now €395,000 3 Bed: 2007 €520,000 - now €480,000

First it was the Leprechauns...now it's a Turkey... Yes Ireland's Eurovision Song 2008 will be sung by none other than Dustin the Turkey - (RTE's Eurosong Contest 2008 Winner!) "Irlande Douze Pointe" aka "Ireland Twelve Points". Watch the video: ...The Eurovision winner for sure!

Looks like Interest Rates in Ireland rates will be dropping. According to a report, in The Irish Independent Newspaper (www.independent.ie), The European Central Bank (ECB) yesterday paved the way for the first cuts in nearly five years! ECB president Jean Claude Trichet left rates unchanged when the ECB met yesterday and there was no mention of increases. David Tilson of Bank of Ireland, said: "The ECB has effectively dropped its threat to raise interest rates." Skip the Champagne... Don't start celebrating yet - most of top analysts believe there will be no rate drops until the second half of 2008 (at the earliest)!

Irish Property Market...Fact is Fiction & TV Reality? I love this!...A mockumentary video, used to promote a new property website for Ireland. This video fooled both the national broadcaster and city officials!

More good news today? (...well for hopeful home buyers anyway!) Irish House prices look set to fall by at least 5pc in 2008. This is according to Austin Hughes (an IIB group Homeloans economist,) during a presentation on the housing market outlook in Ireland for 2008. He also added..."The housing slowdown has been a good bit more severe than I had anticipated."

Although the property market is totally daft, Ireland is still a top place to live in...Amazing! And this is official: It's the No. 5 place to live in worldwide as choosen by the UN for 2007-2008