Back in 1975, the average Irish home sold for €11,000. At the height of the bubble, houses were changing hands for €330,000. Take out a calculator and work out the percentage increase.
Still then, prices have fallen by a third. That chart ends in March this year, so it misses out a full six months of red raw housing crash.
And the consequences of this catastrophe? The old curse of immigration has returned.
1 comment:
negative immigration perhaps? otherwise known as emigration?
Post a Comment