The ecb has got its nickers in a twist over this seemingly. They have agreed to gives the banks the heads up on their results so as to give them time to put extra capital in place if necessary. its top secret so banks have to sign non disclosure agreements with their blood least they take any market advantage from an early result. Of course the supper efficient germans have to legally disclose such market sensitive information immediately upon hearing it. So the ecb are trying to trump them by threatening banks that even rumours about rumours will be " investigated". That would definitely include you ramerci especially if your are within shouting distance of a bank branch when you post. Actually anyone that correctly guesses the bkir result will probably have interpol after them. Its going to be an interesting month ahead.
Rumors spread about how banks are doing in the stress tests may be investigated by banks. This follows guidance from central Europe on how and when information may be passed on to the market. So I for one am going to moderate any speculative ideas I have about BKIR. :)
2/3 of the country are working their whole lives for the privilage of a mortgage, and all it has done is givin us shelter, which we provide ourselves with ,up till the banks came!I believe you couldn`t get a mortgage outside a city till the 60s.
If only people could see
At least with a shareholding we might get some cake!!!
as an aside but reflects the current state of irish banking re customers treatment. Went to my local bank (not here) to enquire re a mortgage top up to facilitate refurb work on an unencumbered unit I have to sell when work is done......well i was treated like a shady arthur daly on his day off to the point of walking out. My point is, I have a few irons in the fire and Im treated like this? how is this country going to get on its feet again with the attitude that the customer is a pleb? .40c can't come soon enough in my world.
You are right , irish people will bend over backwards to buy, but they are restricted by what they can afford and then they try and go a little bit more.What they can afford is less than 300k (on ave wages), and that is with historic low rates.So the fuel for 300k+ property is nearly extinct.Expect a pulback or massive pay rises. My moneys on a drop and maybe some recovery around 2020.I do apologies again but I have an interest in the dog.
You mention d4/6 .....you said that it was 10% off peek values...... This is completely naïve.
I don't feel you can say that d4/6 on average is anyway close to off par ,in fact I would say this area still has the greatest collapse.There IS a large rise in affordable homes , mainly because people can`t justify the lunatic boom prices of moderate family homes.
This is off the subject ,and bank of Ireland will profit from this "phantom boom for dummies", but if you want to make a few bob investing,don't get carried away with false figures.
I had great interest in property in that area and I know a lot of people Would be very excited to hear the average had moved up so quickly, and believe me it will take a lot more than a few apartment sales, to effect the averages there.
Sorry ,but I am dealing with the fallout of naïve property speculators all my life and the next batch are just as half baked!!
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