The Punt – Bets on house price folly

Business newswire Bloomberg reported yesterday that Paddy Power is offering odds of 9-to-4 that house prices will increase by between 15pc and 19.9pc this year. A €4 winning bet would return a €9 profit, the report helpfully points out to […]

Europe needs to start printing more money – and it needs to do it now

In his statement yesterday, ECB President Mario Draghi showed little evidence of a change on policy. What he ought to have said the council has had second thoughts: The changes in June were too timid, and since then the situation […]

House price rises are cause for worry, says bank boss

Belgian Wim Verbraeken has also cast doubts on claims that that houses in Dublin in particular are “undervalued.” Mr Wim Verbraeken, who took over as chief executive of KBC Bank Ireland in November last year, said a lack of homes […]

This time may be different but it will still be dangerous

There is also the harmless amusement to be gained from watching the unshakeable belief of so many that things will turn out the same. Not so harmless for them, mind you, if they invest their money on that belief – […]

Your house will be worth 20pc more by 2017 – ESRI

Property prices are still undervalued despite the surges seen this year, the Economic and Social Research Institute said. It estimates that prices are set to increase by 6.5pc a year up to 2017. This means prices may surge by close […]

50,000 will find a job as economic growth surges

The numbers at work will jump by 52,000 next year, with unemployment dropping below 10pc for the first time in six years. The Economic and Social Research Institute (ESRI) has also predicted the economy will grow 3pc this year – […]

Irish services sector expands at slower rate in July

Irish services companies registered another sharp expansion of business activity in July, with the rate of growth only slightly weaker than June’s recent high. The Investec monthly services Purchasing Managers’ Index (PMI), which covers businesses from banks to hotels, eased […]

Irish shares fall for a fifth day but Europe rises

IRISH shares fell yesterday for their fifth day while the major European stocks rose, rebounding from four days of losses. By the close in Dublin, the ISEQ Overall Index was down 0.34pc or 15.86 points to end the trading day […]

Building blitz needed to meet demand for housing

A new study of the housing market says we require 90,000 new homes over the next seven years – but 86pc of them should be within the Dublin commuter belt. The skewed nature of the market means that while a […]

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