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> Ireland had arguably the world’s largest housing bubble and crash in the 2000s, with prices quadrupling in the decade to 2007, even while supply soared, befor
by e12e 5y ago
> Ireland had arguably the world’s largest housing bubble and crash in the 2000s, with prices quadrupling in the decade to 2007, even while supply soared, before crashing by more than half between 2007 and 2012.
So, prices doubled in the years from 2000 to 2012 - a little under 5% yearly growth. Is that really a crash? Or am I misunderstanding "quadrupled then halved"?
- namdnay 5y agoThe crash is if you bought a house in 2006 and needed to sell it in 2012 :) > So, prices doubled in the years from 2000 to 2012 - a little under 5% yearly growth. Is that really a crash? 2008 was still a stock market crash, even if the average growth from 2000 to today is very good
- deleted 5y ago[deleted]
- iso1210 5y agohttps://data.cso.ie/ https://data.cso.ie/ Has price index since 2005, but not before. For all residential properties it was 2005-01: 125 2007-07: 163 (peak) 2013-03: 73 (trough) 2021-11: 155 (latest) Even just looking at Dublin houses (where people want to live due to centralisation of economic activity), it follows the same pattern 2005-01: 112 2007-04: 155 (peak) 2012-04: 65 (trough) 2021-11: 141 (latest)