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Rise in Dublin house prices masks fall in every other part of the country

The 2013 house price report from property website Daft.ie shows more evidence of Ireland’s two-tier housing market.

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Year-on-year change in asking prices, Q4 2013, according to Daft.ie. Click here if you’re having trouble viewing this image.

THE DOUBLE-DIGIT rise in house prices in Dublin is masking falls in every other party of the country, according to the 2013 report from the country’s largest property website.

Daft.ie’s House Price Report shows that the average national asking price is now €171,000 a rise of 0.2 per cent from the beginning of the year and the first rise over the course of a year since 2007.

This is still down from 55 per cent at the peak of the property bubble and Daft says that Dublin’s performance – with prices rising 11 per cent in the year – masks annual falls of 4 per cent in Galway, 6 per cent in Cork, 7 per cent in Waterford and 12 per cent in Limerick.

Overall, prices outside of the capital fell by 6 per cent. This is the smallest decline in give years. Asking prices in the so-called commuter belt counties changed by less than one per cent over the course of the year.

Daft spokesman Kieran Harte said that the the “tale of 2013″ was the lack of supply in sales, rental and shared accommodation in the capital.

“This lack of accommodation across all sectors has had a major influence in Dublin’s asking prices returning to 2007 percentage increases,” he said.

“The only solution is to begin planning and building new accommodation in the capital which will cater for the demand created by the creation of jobs there.”

Daft’s chief economist Ronan Lyons said that that solution to rising house prices in Dublin is to tax empty or derelict sites, a measure being considered by Dublin City Council and supported by current Lord Mayor Oisín Quinn.

“There is plenty of scope for increasing housing supply in the capital, once we as a society not only make better use of empty sites, but are also prepared to re-designate land so that it can be used more effectively and facilitate building up where it pays off,” he said.

Daft.ie is part of the Distilled Media Group. Journal Media Ltd has shareholders – Brian and Eamonn Fallon – in common with Distilled Media Group.

Read: Dublin property prices up 15 per cent as rest of country shows some positive signs

Read: Index shows first time buyers spend 17% of their net income on their new home

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56 Comments
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    Mute Brian Ward
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    Apr 3rd 2015, 7:32 PM

    That’s the problem with todays media reporting of live events, they are all so busy trying to get one up on the other channels that they don’t think for a minute about what they are saying. Imagine hiding out from some langer trying to kill you only for some idiot reporter to come on air and say “oh by the way there’s 4 hostages hiding out in the cold room”!

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    Mute Lad
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    Apr 3rd 2015, 8:58 PM

    If you can get your hands on “the human face of big data”, there’s an interesting piece on how terrorists use data and how in more prolific hostage taking countries it’s now quite common for live selected killings to take place using human search engines and media outlets for info. Or even waiting to carry out an attack to see who is in their area. Next gen terrorism. Off point but interesting.

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    Mute Avina Laaf
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    Apr 4th 2015, 12:28 AM

    Its not just a modern thing – during a ground stand-off following an aircraft hijacking (in the 1970′s I think) special forces had approached the plane via a blind spot to launch a surprise raid on the hijackers. Unfortunately events were being broadcast on live radio and the hijackers were listening in and knew exactly what was about to happen, with disastrous results.

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    Mute David Fitzpatrick
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    Apr 4th 2015, 1:35 AM

    Amen.
    What Globalist Murdoch said about the Sydney Siege comes to mind.
    Bloodthirsty vampire.
    http://www.thejournal.ie/murdoch-tweet-sydney-1836603-Dec2014/

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    Mute Paul Furey
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    Apr 3rd 2015, 7:33 PM

    Good move. Hopefully the media will cop on a bit more. If some aren’t making it up they are getting it all wrong.

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    Mute Brian Ward
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    Apr 3rd 2015, 7:37 PM

    Fox News springs to mind!

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    Mute jenni
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    Apr 3rd 2015, 7:32 PM

    About time the tv media were taken to task, imagine if that lunatic had been watching the live stream and did go down to the chiller they were hiding in…unthinkable acts would have ensued.
    In this day and age you would think tv news channels would have more cop on…but I suppose being more and more sensationalist is worth more than a life in this day and age. How many more lives would have been saved that day if that sick man was not put under the spotlight?
    Its sad really that there is an appetite for this sensationalism.

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    Mute Brian Ward
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    Apr 3rd 2015, 7:37 PM

    Apparently the gunman was watching but must have missed that report. The cop is to blame here as well as he shouldn’t have told the media anything in the first place. With today’s communications it would be easy for any gunman to have someone else watching TV, twitter etc and keeping them informed of what was going on. Best keep the media away from they area and in the dark until it’s all over.

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    Mute Al Ca
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    Apr 3rd 2015, 8:05 PM

    I wonder if that journalist would have been so eager to broadcast that information if one of his own relatives was hiding in that freezer?…..I think not…….which just goes to show how little empathy some journalists have with other people in deadly situations.

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    Mute brian magee
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    Apr 3rd 2015, 11:01 PM

    I wonder what nationality and religion the editor / producer : journalist are?

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    Mute Alan
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    Apr 3rd 2015, 8:40 PM

    It’s like that film Night Crawler. Ratings are worth more to these stations than human lives. Check it out. Jake Gyllenhaal is great in it.

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    Mute Rowan Murphy
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    Apr 3rd 2015, 9:15 PM

    I was thinking more about the reporter from Die Hard and Die Hard 2.

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    Mute miserable now.
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    Apr 3rd 2015, 9:20 PM

    Yes. Just what I was thinking. Great movie.
    Some of these”repoters” are sociopaths.

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    Mute Patrick J O'CONNOR
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    Apr 3rd 2015, 9:21 PM

    Look at the way they vilify Israel for its conduct in the war against Hamas terror,though experts in this field attest that Israel took the most extraordinary efforts to keep civilian casualties at a minimum while Hamas used its own people as shields in some cases. But vilifying Israel feeds the Jew-hatred and sells so ‘to hell with the facts go for what sells’.
    See excerpt from Colonel Kemp’s report
    –Three days ago I spoke to an Israeli pilot that told me that the same morning he had aborted an enemy target a total of 17 times because there were civilians in the target zone, and eventually he abandoned the operation. I asked him, was that not frustrating? His answer was simply no. And that to me, is one of the best things about the IAF – that the last very thing they want to do is bomb a target and have that on their conscience for the rest of their lives. And it was the same thing with infantry soldiers. I spoke to soldiers who have been fighting in Gaza, and several of them said to me: ‘We know what the rules of engagement are but even without them, it is always on our minds that we cannot kill civilians.’ See for them, this has nothing to do with orders, it’s just always there at the forefront. We’re talking about [reservists who are] simply artists, metal-workers, musicians, they are not killers. They have absolutely no desire to kill civilians. In fact, in terms of civilian casualties, the attitude of IDF solders is the exact mirror image of the way they’re portrayed to the world.
    http://www.algemeiner.com/2014/07/30/col-richard-kemp-israeli-pilot-aborted-gaza-strike-17-times-to-protect-civilians-jewish-people-should-be-proud-of-the-state-of-israel-interview/
    Happy Easter All!

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    Mute Elias Khoury
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    Apr 3rd 2015, 10:57 PM

    Truly and accurately stated. You’ll get red thumbs galore, no doubt, Patrick, but that just goes to show that many people don’t like the truth messing up their paradigm.

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    Mute Patrick J O'CONNOR
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    Apr 4th 2015, 2:11 AM

    @Elias Khoury! Thanks for Elias’ sentiment. Your prediction was so but not so bad and some of them even red-thumbed Elias to spite me.Laughable isn’t it!
    I worry not but to speak the truth as I see it. People have a very healthy scepticism about the newsmedia here and it’s just a matter of time before they cotton-on to the con-job the Hamas/PLO and other Jihadders have pulled on them via the self-seeking media.
    Additionally, Jew-hatred is on the wane however imperceptible it seems.
    Happy Easter…

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