Lorcan Sirr
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Lorcan Sirr’s voice in public audio — every appearance, attributed to the second.
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Yeah, I think what what the report shows is there's a lot of uncertainty out there.
And one of the like we have to look at the things the main drivers of house prices uh are things like interest rates and and employment.
And of both of those, like we really don't know what's happening.
The ECB has increased the race twice this year, uh the last time just earlier on this month on September the sixteenth by a quarter of a percent.
And that course comes through to our banks.
Which means that, you know, it becomes more expensive to borrow so people can borrow less.
So what's gonna happen there?
It's also, you know, uh employment and wages are hugely important with house prices and we see layoffs now from some of the tech companies.
And of course then at the same time unions are going in, you know, negotiating for higher wages and the more wages people have, the more they can more they can borrow.
So there's a whole lot of kind of cogs in this wheel at the moment.
And I think the message I got from the Dart report this morning was l was uncertainty.
We really don't know uh
But but but
But you're not going to do that.
No, we're definitely not seeing more we've seen more houses being built, but actually as a proportion of what's being built, we see kind of less houses being being sold.
So for example, in in in twenty seventeen, in July in twenty seventeen was the last kind of month I could go back to, there was two hundred and forty seven new houses sold.
Okay.
But we built seven and a half thousand that year.
So two hundred and forty seven in July this year there was two hundred and ninety-five houses uh sold, and we built thirty six and a half thousand last year.
So what you see is that
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