Search Results for 'Inflation'
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I am sure that many of you have heard the name of Edmund Davis. I had not heard of him until I read it somewhere last week. He was the Governor of Texas who lost the election in 1873. He refused to accept the result, and he barricaded himself in the State Capital, where he and his allies accessed entry each day by ladders. I had thought that that was the way Donald Trump was going to deal with Joe Biden.
As figures pertaining to the suppression of COVID-19 within County Westmeath continue to prove favourable, with an increase of just one confirmed case this past week (671 as of midnight on June 6), the Roadmap to Recovery for Business and Society has been positively amended with July 20 now the culmination date for the reopening of the country.
While house price inflation continues, agricultural land prices overall in the last 12 months remained steady but the range of prices achieved for land is extensive and very much subject to location and quality, from €4,000 per acre for marginal lands to €15,000 for smaller plots in commuter belt areas. Average prices being achieved are in the €9-9,500 per acre bracket.
Commenting on the CSO Residential Property Price Index showing a slowing of house price inflation, IPAV, the Institute of Professional Auctioneers & Valuers, said the figures indicate that market forces are working, despite the shortage of homes.
House price inflation should remain strong in 2017 despite the likely abolition of the ‘Help-to-Buy’ Scheme, according to the latest property report from MyHome.ie in association with Davy.
The Institute of Professional Auctioneers & Valuers (IPAV) says until the lack of supply of residential homes is addressed, house prices will continue to rise.
Rents are now more expensive than they were at the same stage last year in every county in Ireland, according to the latest quarterly Rental Report by Daft.ie. Nationally, rents have risen by over 11 per cent in the space of 12 months with the national average rent now €933 compared to €842 a year previously.
This year has proven to be a turning point for the Galway housing market. After six years of falling prices, price inflation has re-emerged most notably in Galway city. The first nine months of 2013 saw the first period of positive annual price growth in the Galway housing market since 2006. Early indications suggest that the Galway city market has grown by more than 10 per cent during 2013. The strength of price growth in Galway city is fuelled by a shortage of supply.
Real car prices in Ireland (price change set against inflation) fell by nearly six per cent last year, representing the third biggest drop in the Eurozone.
The European Commission’s latest car price report shows that real car prices (price change set against inflation) in Ireland fell by 5.7 per cent in 2010. This is the third biggest drop in the Eurozone and well above the -1.5 per cent Eurozone average.