Mopar Muscle Association UK

here are some interesting figures re house prices from Ireland.
Ireland: value of land in housing 1994-2006
1994 2000 2006
Average house price € 72,732 169,191 305,637
Rebuilding cost 64,004 121,818 177,800
Land 8,728 47,373 127,837
No. of houses 26,863 49,812 88,219
Total land cost €m 234,5 2,359.7 11,277.6
As you can see the price of housing has outstripped inflation several fold.
Working on an average inflation figure of say 3% then the value of the House would be
Average house price € 72,732 87,316 104,824
So it seems that the actual average house price has risen almost 3 times the rate of inflation to 305,637.
Which is 34% in real terms. so a reduction of 30% in prices will still be an inflation beating investment?
Basically while labor rates have matched inflation look at the increase in actual land values a massive 480%
Interesting in the current financial times?

Find a copy of the Times in the cafe today, Bob ?

been down the land registry

all his own work


Dave

No mark the figures are from the Money morning but the extrapolation is all mine.
Wish I had bought a couple of acres in 94 eh
where are the Irish contingent ?
Counting there money

Knightcharger wrote:Wish I had bought a couple of acres

Sounds like the son talking to his Dad & tells him he doesn't want to join the family business, as he wants to be a farmer & can his Dad help him.

Father is so upset, he kicks his son in the balls & says there a couple of acres to help you get started

Mark
I was buying Mild and bitter for 1s 3p a pint the first time I heard that joke
It is almost as bad as the one about the dog with a hair lip,
you know how it goes

Knightcharger wrote:Mark
I was buying Mild and bitter for 1s 3p a pint the first time I heard that joke
It is almost as bad as the one about the dog with a hair lip,
you know how it goes

1s 3d, must of been a flash pub for that price
Mark, Mark.........

Herfordshire Arms St albans Road Watford circa 1963
Damn big Mac now life