Hundreds of repossessed homes in Ireland to be sold by auction

[The_Equalizer]

You can pay for them with potatoes ?

I'll speak to the girlfriend's mortgage lender to see if potato payment is okay by them.

Northern Ireland didn't experience the boom and bust of the late 80s/early 90s; too busy kicking the tulip out of each other. I therefore concluded that they truly believed all the hype this time round. The fact that 75%-ish of the GDP is down to the public sector seemed to matter not.

[Mich the Tester]

Is the UK the only country in the world to have had a property boom and no crash?

No. Holland is still waiting for the inevitable housing crash too.

[amcdonald]

Interesting. What is different about NI that has allowed their house prices to plummet as the rest of the UK's house prices should also have done?

You can pay for them with potatoes ?

[AtW]

Interesting. What is different about NI that has allowed their house prices to plummet as the rest of the UK's house prices should also have done?

No water rates?

[thunderlizard]

"hundreds" isn't lots. And auction guide prices these days tend to be about 30% of what they'll really fetch.

[TimberWolf]

Without wanting to be too much of a smart arse, Northern Ireland is part of the UK and they are down 40% from 2007 peak. When interest rates rise, then we will see whether prices can hold together in the smoke. Imagine what it would be like if the interest rate was 10%+! Actually 5%+ which is perfectly possible in the near-ish term.

Interesting. What is different about NI that has allowed their house prices to plummet as the rest of the UK's house prices should also have done?

[The_Equalizer]

Is the UK the only country in the world to have had a property boom and no crash?

Without wanting to be too much of a smart arse, Northern Ireland is part of the UK and they are down 40% from 2007 peak. When interest rates rise, then we will see whether prices can hold together in the smoke. Imagine what it would be like if the interest rate was 10%+! Actually 5%+ which is perfectly possible in the near-ish term.

[Churchill]

No Council Tax in Ireland, property is a good buy.

You wouldn't want to pay the rest of their taxes.

[Paddy]

No Council Tax in Ireland, property is a good buy.

[swamp]

???

What planet are you on? It did crash, just a slightly softer landing.

Where do you live?! If the market had a soft landing, it landed on a soft bouncy trampoline. Prices are way above 2008 peak in the nice parts of London now.

[MarillionFan]

Is the UK the only country in the world to have had a property boom and no crash?

???

What planet are you on? It did crash, just a slightly softer landing.

Plus Australia hasn;t crashed.

[TimberWolf]

Flats in Ireland that could have fetched €150,000 in the Celtic Tiger years are to be put on the market for as little as €25,000 (£21,000) in the country's first ever mass auction of repossessed homes.
Hundreds of repossessed homes in Ireland to be sold by auction | World news | The Guardian

Is the UK the only country in the world to have had a property boom and no crash?