No One Reads Business Better
Richard Curran, one of Ireland’s most highly-regarded financial journalists is back, inside this week’s Sunday Independent.
He gives his unique take on the post-crash property market – the continuing risks and whether buying now will see you get rich or lose out.
The property crash is not quite over, but it is entering its final phase. Irish house prices have been rumbling along the bottom for just over a year now, with a series of modest rises and modest falls. This is a classic post-crash property market, stabilising before finding its feet again. Last week’s figures confirm this and are therefore significant.
Young families thinking of buying should not jump in for the gain, or hold off because they think it has further to fall. Aside from sought-after properties in parts of Dublin, which are showing steadier rises, this holding pattern could remain for another two years before hopefully then returning to a more normal market of steady but modest price increases.
There are still risks on the horizon but buy now and you won’t get rich in two years, but you won’t lose out badly either.
Read The Curran Account in full, only inside the Sunday Independent.