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PROPERTY PRICES INCREASED for the eighth month in a row and are now at their highest level for two years.
Despite the persistent trend, the 0.6 national increase in November was the smallest such rise since May according to the CSO. In the year to November, property prices at a national level increased by 5.6 per cent.
Residential prices in Dublin were up by 1.4 per cent in the month and were 13.8 per cent higher than a year ago. Dublin’s apartment’s have shown even greater recovery and have now grown in value by a fifth since November 2012.
Excluding Dublin, property remained unchanged in November but was down by 0.6 per cent on an annual basis.
The figures relate to mortgage-driven sales and as such exclude properties being paid for with cash.
Source: Central Statistics Office
The ‘two tier’ narrative observed between Dublin and elsewhere has not changed in these figures says Investec’s Emmet Gaffney:
Dublin prices continue to rebound strongly while prices in the rest of the country remain in the stabilisation phase. Supply remains a major issue in the capital, with new build activity at historically low levels and secondary market transactions only running at about 1.4 per cent of the total housing stock.
Overall decline
Since their peak in 2007, house prices in Dublin are 47.5 per cent lower than at their highest level with apartments down Dublin by 56.1 per cent. The fall in the price of residential properties in the Rest of Ireland is somewhat lower at 46.9 per cent.
Sorry to hear of his passing,the Moody Blues produced some classic rock albums,
Ray Thomas gave the Moodies their other worldly sound with his excellent flute playing. As well as as “Nights” his flute on other tunes such as When Youre A Free Man, For My Lady etc. He is now part of the Universe and will now live on forever.
“When you stop and think about it you won’t believe it’s true
, All the love you’ve been given has all been meant for you”
RIP Ray Thomas
I have ‘To Our Children’s Children’s Children’ in my car.
“Black things billowing, bursting forth with the power of 10 billion butterfly sneezes.”
With the way music is going the rock & roll hall of fame will run out of bands to induct
Were not as big in the US as other territories. Isnt it based on US success mainly?
Moody Blues a great group , I’ve seen them a number of times Ray gone beyond the Stars.
Moody blurs a great group have seen them a number of times , Ray gone beyond the stars
@John Halligan: you can say that again
Homer: Argh, it’s the Moody Blues!
Graeme Edge: Cold-hearted Homer, ditching his wife, while ancient Ned runs for his life…
Justin Hayward: Chips of red, and blue, and white, but we decide which…
John Lodge: Can the poems, it’s arse-whipping time!
Ray Thomas: (pulling out a knife) I want fatty!
The Moodies were / are my favourite band, their contribution to popular music is considerably, when Justin Hayworth joined them with his song writing and singing ability they became a major musical presence
Farewell Ray, thanks for the memories & the wonderful music, from my favorite band of all time.
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