Re: Re: Developments in Cork
Thanks for elaborating. There certainly seems to be a wind of change in the property market of late. I just hope it all stays rational.
It went past rational in 2002 – when due to house price inflation, rental yields fell below 5%. Yields are now in the 2%-3% bracket – less than the amount of money you get in a deposit account with Northern Rock (4%) . Betting on “capital appreciation” which is not backed up by yield is simple speculation rather than investment.
Askaboutmoney.com is a better forum for this topic though.