House Prices UP 4.9% - but still half of peak?

RikM

Part of the problem, is that with house prices the way they are, if you move here from England, you won't be able to afford to move back...

Mistral001

guiriman wrote: »

It's difficult to take a step up career-wise by moving to here, there's just not enough big companies or corporate HQs.

There are some. Wrightbus, Shorts (Bombardier) Michelin and even a many of the construction materials manufacturers have several people from GB and further afield in senior technical and middle/higher management roles.

RikM

Mistral001 wrote: »

There are some. Wrightbus, Shorts (Bombardier) Michelin and even a many of the construction materials manufacturers have several people from GB and further afield in senior technical and middle/higher management roles.

Citi?
They've been busy moving technical, legal and compliance roles to Belfast for the last few years.

chunter

The creche on the hill has borrowed a shed load of money to keep itself going. Lots of civil servants will walk off with huge golden handshakes. Well done lads.

There's obvious reasons for house prices being so low, historically. No infrastructure, poorly paid jobs, huge over-reliance on public sector wages - in short, demand suggests nobody particularly wants to live here.

I've no idea where this 5% has been plucked from. Must be city prices. Out here in the sticks, there's nothing happening - absolutely nothing. With absolutely no signs that anything much will happen in the next five years, never mind one.

The greedy people didn't so much get their fingers burnt, more they got the arm ripped from their shoulder. There's absolutely no appetite out here for this 'speculate to accumulate' housing nonsense. It'll be a generation before we get another bunch of greedy halfwits at this caper.

qwert_yuiop

Oh no - here we go again. Dublin property prices dropped last month. By 0.1%.

Mistral001

I work in a construction-related business and I remember being told in a lecture many years ago that a typical profit on a construction job was around 6%. That is actually not a bad profit margin for many contractors if they are pure builders and not developers as well. However the property boom changed that. Many builders became property developers and frankly got used to doubling their money. Some halved their money of course - or more precisely went bust and halved sub-contractors money. It will take a long time to recover from all that. Especially since there were so many houses that could not be filled built during the boom times.

warmhands.coldheart

RikM wrote: »

Citi?
They've been busy moving technical, legal and compliance roles to Belfast for the last few years.

They'll suck the life out of you and spit you out in the blink of an eye....... I've seen numerous people go work there and now hate it... yes they pay pretty well but they work you to the bone and make you feel you owe them your life in return!!