Renting vs buying in 2017

funkey_monkey

Hi - sorry just logged on again. I thought the official report stated prices were still rising something like 4%?

qwert_yuiop

funkey_monkey wrote: »

Hi - sorry just logged on again. I thought the official report stated prices were still rising something like 4%?

There are several studies released every few months which often differ widely. That was the university of Ulster one. I believe the nationwide building society one showed a rise. You have to question their statistics when the results are different. A bit like political polls.

qwert_yuiop

qwert_yuiop wrote: »

There are several studies released every few months which often differ widely. That was the university of Ulster one. I believe the nationwide building society one showed a rise. You have to question their statistics when the results are different. A bit like political polls.

but you could check today's BelTel, which reports a fall in the last three months - Northern Ireland house price index.

We can be fairly sure there's no boom.

ballyblack

http://www.belfasttelegraph.co.uk/business/news/house-prices-fall-in-northern-ireland-for-first-time-in-four-years-35720645.html

Zola.

Bel Tel is such a rag

qwert_yuiop

Zola. wrote: »

Bel Tel is such a rag

I'm actually impressed. Usually they're so deep in the developers' pockets that they wouldn't let anything vaguely damaging through. Cue Helen Carson ( remember her? ) to tell us there's never been a better time to buy, and simply everyone's buying.

chunter

Let's face it no one has the slightest clue what way Brexit is going to affect Northern Ireland. However, given a couple of hundred of grand, I'd buy a house in Newry..
It seems almost certain to me that the pound will take a fairly big hit, and as many companies may relocate to southern Ireland, I'd image the thought of living in Northern Ireland and getting paid in Euros would be a popular choice.
And if you can get to the centre of Dublin in an hour without driving, Newry seems like a mighty good option....

qwert_yuiop

I'm just getting an image of border guards coming down the train checking passports, like some kind of iron curtain era orient express gone wrong. Down south is going to take a bigger hit than the U.K. itself if the pound goes down against the euro.
As you say, who knows.
One thing we have learnt this week - why the dup were so in favour of it. It was all about the money, money, money.

tara747

Zola. wrote: »

Bel Tel is such a rag

qwert_yuiop wrote: »

I'm actually impressed. Usually they're so deep in the developers' pockets that they wouldn't let anything vaguely damaging through. Cue Helen Carson ( remember her? ) to tell us there's never been a better time to buy, and simply everyone's buying.

I'm shocked that they printed that story as well, they were such property shills back in the day :rotfl:

qwert_yuiop

chunter wrote: »

Let's face it no one has the slightest clue what way Brexit is going to affect Northern Ireland. However, given a couple of hundred of grand, I'd buy a house in Newry..
It seems almost certain to me that the pound will take a fairly big hit, and as many companies may relocate to southern Ireland, I'd image the thought of living in Northern Ireland and getting paid in Euros would be a popular choice.
And if you can get to the centre of Dublin in an hour without driving, Newry seems like a mighty good option....

Here's the supreme fantasy (DUP style) - we'll be out of the EU, out of the customs union, out of EFTA....and we'll have an open border. Sorry, lads, that's like expecting water to flow uphill. Given all of the above, how long will it take to get from newry to Dublin by road? Train might be a little different of course.