Conall MacCoille
speaker
222 appearances
3 recordings
2 series
first heard Oct 2025
last heard 5 Jun
Conall MacCoille’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Jun 2026 with 1.
Appearances
I suppose people are, their memories are kind of coloured a little bit by the global financial crisis and what happened here in 2007, 2008.
But actually house prices very rarely fall in nominal terms.
What we do see is a period of time where hopefully prices increase at a slower pace than wages.
And that means a sort of a gradual improvement in affordability.
So when we look at affordability,
It's clearly deteriorated over the past two years.
Now we're seeing house prices increase closer in line with wage growth.
So that deterioration in affordability is levelling off.
That's the average house pricing.
On average, it's eight times.
The average salary is €53,000 on an annualised basis.
That includes part-time workers.
So that multiple would be slightly lower for a full-time salary.
It's the most stretched that ratio has been since 2009.
We do.
But if you look at the mortgage market, people are not taking out the kind of multiples of their income that we saw in 2007, 2008.
This is really just because the housing market is illiquid.
There's lack of properties.
If you look at, say, rented yields of, say, 5%, roughly on average across the country, there's still well in excess of interest rates of 3% to 4% on mortgages.
So it still makes more sense to buy than to rent.
Showing 141–160 of 222 · page 8 of 12
← Previous
Next →