Wednesday 7 December 2016

Houses in Dublin are desirable and yet nobody seems able to buy them

Published 31/03/2016 | 02:30

We know that houses in Dublin are no less desirable than those outside it, so we can only assume that the value slippages reflect reduced buyer numbers caused by an inability to get a mortgage. Photo: PA
We know that houses in Dublin are no less desirable than those outside it, so we can only assume that the value slippages reflect reduced buyer numbers caused by an inability to get a mortgage. Photo: PA

You have to feel sorry for the very capable and efficient statisticians at the CSO - who for years have been forced produce a flawed monthly Property Price Index.

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We only get half the picture - because the CSO deals only with data from mortgaged purchases and cash sales.

But cash sales currently account for 40pc of transactions nationally, rising to 48pc when Dublin is excluded.

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