Friday 9 December 2016

Fortunes – or woes – in today's property market hinge on the year you were born

Published 02/04/2014 | 02:30

For Sale signs in Rialto.
Pic Frank Mc Grath
For Sale signs in Rialto. Pic Frank Mc Grath

What is the true state of the housing market in Ireland and what does it mean for you? There's a huge amount of hype, speculation and sales talk doing the rounds and in this cacophony and noise, it is hard to get a true picture. One way to look at the property market is through the eyes of two very different generations of Irish people.

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The first generation is the people who bought at or close to the top of the market. For these people, price increases of late are only meaningful if prices keep rising so that they can get out of negative equity.

The second group is the investors – or, as they have been referred to lately, the 'cash buyers'. For them, the pivotal issue is the yield on the property.

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