irland / ireland
http://immobilienblasen.blogspot.com/2006/07/irland.html
http://immobilienblasen.blogspot.com/2006/08/irland.html
dank ghet an dc_too und benhttp://thehousingbubbleblog.com/?p=1371#comments
Irish Property Owners Are Rolling in Green
Real Estate Boom Surprises Residentshttp://www.washingtonpost.com/wp-dyn/content/article/2006/09/01/AR2006090101814.html
highlights:
CLONBUR, Ireland -- Mary Holleran was dumbstruck in 2000 when developers paid her $50,000 for the cottage where she was born in 1916. Her family considered the falling-down wreck of so little value they had been using it for decades as a cowshed. But now the cottage is the elegantly restored home of a Jaguar-driving Dublin advertising executive and is worth well over $500,000.
The property boom has reached from one end of the island to the other, with home values on average soaring by 270 percent in the last decade, according to the government, one of the world's fastest rates. The average Irish house now goes for about $450,000; in Dublin, the capital, the figure exceeds $600,000.
With Ireland's population growing by more than 8 percent in four years -- by far the fastest rate in the European Union -- and incomes rising steadily as well, many people who are not used to feeling rich suddenly are.
Property prices have replaced weather as the most talked-about topic.(wie zu neuen markt zeitne in deutschland)
Fifteen years ago, Ireland had double-digit interest rates, stagnant growth and so few jobs that youths were migrating to the United States and elsewhere; homes were exceedingly affordable. Today, interest rates are rising but remain at just over 4 percent. Many of the Irish who left have returned, joined by a huge flow of Eastern Europeans moving here, all of whom are looking for places to live.
Ireland has the second-highest per-capita wealth, about $192,000 per person. Only Japan was higher; the United States and Britain ranked behind it. The report said net wealth has grown 350 percent in the past decade, and 71 percent of that new money is invested in property.(daruaf sollte man lieber nicht dauerhaft zählen)
Dan McLaughlin, chief economist at the Bank of Ireland, said that "this extraordinary housing boom" is likely to slow. But he said he did not believe, as some have said, that "it will all end in tears." Yet plenty of people here worry that the young and poor cannot afford a house, that a crash in prices would strangle people with whopping mortgages, and that too many new homes are spoiling the look and feel of the country.(usa talk 2005)
Each year, more than 80,000 new homes are being built, and a stunning one-third of all homes in the country are less than 10 years old
"I don't think anybody can believe what's going on," said Andrew Hrehorow, a developer in Clonbur. "You get taken over by the high tide and carried along. When it does level out, people won't believe what they've done
As the real estate fever continues, many people are borrowing against equity in their suddenly precious homes, to buy still more property -- including land beyond Irish shores. A new popular weekend activity has been attending property fairs such as a recent Portuguese housing expo in Dublin. "Not a weekend goes by," McLaughlin said, "when you don't see a property fair in Dublin selling land from Bulgaria to East Africa." (klares bubbleanzeichen)
He noted that a century ago, when Ireland was under British rule, Irish were tenants on this land, not owners. Now, he said, many Irish own not one, but two homes.
ich denke die poleposition in sachen bubble in europa hat wohl irland vor spanien und großbritanien.
jan-martin
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