happylarry

Well, not bad, but still only back to 2004 prices.

 

But, let's not forget, N.Ireland HPI was way way bigger than UK average, as have been the falls since.

 

The higher the rise, the bigger the falls.

That it did, maybe with the current momentum things might swing further than they should. Just wish the decent detached house sellers would realise the floor has completely gone, where they can they are still holding out for their imaginary half million they had "made", hopefully with stats like this in the media they might manage a 50% sum in their heads.

How things change, remember a work dinner back in 07 when a co workers wife gleefully spouted "Soon Belfast houses will be worth more than London houses!" in all seriousness.

Now here's a cracking one to read in the newspaper on a bank holiday:

http://www.newsletter.co.uk/news/local/house_prices_halved_since_peak_1_2726833