Brendan Burgess
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It suggests that Dublin house prices are back to about 2003 levels, which feels about right.
From another source I've heard they are at 2003 levels in Dublin.
What would be interesting to know, is when the vast bulk of properties that are in negative equity will be out of it. I presume it was in 2005/2006 or 2007 that most of these were bought. So in percentage terms how far from the current 2014 reflecting 2003 prices does it have to go. Not saying or thinking or discussing that it will of course.
Personally, I'd put prices on family homes in middle class areas of SCD at 2005 prices i.e. about 20% to 30% below peak...and rising fast.
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