David McWilliams: Stay away from the property market. It holds no value

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David McWilliams: Stay away from the Irish property market. It holds no value

It is time for a millennial boycott of a property market that makes fools of them. Photograph: Chris Ratcliffe/Bloomberg

The Irish housing market has hit peak dysfunction. Stay away. The fourth quarter of 2020 saw the lowest level of supply of homes for purchase since 2006. In Dublin, supply was down 21 per cent last December relative to the same time the previous year, with just 3,400 homes listed and prices up 7.2 per cent over the same period.

In the Connacht-Ulster market these trends are more severe, with supply down 30 per cent over the year to December and prices up 8.8 per cent. In December there were just 15,390 properties listed for sale on Daft.ie – down about one third from an already low level a year earlier and well below the average 40,000 properties listed annually over the past 13 years.

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Ffs 🙈 between him and Hobbs they have people's heads fried 🙄

I wonder how much property he has?

What are renters going to do when they eventually retire on a state pension? Downsize to a caravan or a tent! Claw out a burrow underground & live like a badger.

I agree that the property market is ridiculous, however what's the alternative? The rental market is more unstable and eye wateringly expensive across the country!

Ah good. Stay in the rental market then. Some great value there. 😒

Have you considered emigrating because of the housing/rental market

He right, only gobshite with too much money will buy or Mummy and Daddy’s cash will buy properties that are not fit for purpose or over priced for what they are, anyway good look to them, sit back and wait for next fews for the best value......

David must be looking to add to his portfolio

Have you considered emigrating because of the property market

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