CSO Residential Property Price Index figures for August. 

RPPI is down 13.87% annually in August against a fall of 12.47% in July index now stands at 73.9 down from 85.8 in August last year.

In 12mo through August the decline was 10.8%. Mom prices are down 1.6% in August. 3mo MA is at 74.9 down from 76.0 in July.

Relative to peak, prices are now down 43.4%

Full details on http://trueeconomics.blogspot.com/2011/09/26092011-irish-property-prices-hit.html

CSO Residential Property Price Index figures for August.

RPPI is down 13.87% annually in August against a fall of 12.47% in July index now stands at 73.9 down from 85.8 in August last year.

In 12mo through August the decline was 10.8%. Mom prices are down 1.6% in August. 3mo MA is at 74.9 down from 76.0 in July.

Relative to peak, prices are now down 43.4%

Full details on http://trueeconomics.blogspot.com/2011/09/26092011-irish-property-prices-hit.html

NUI Maynooth’s Geography of Recession. The video maps Live Register recipients by approximate Social Welfare Office Catchment area, from 09/2006 to 01/2010.

Michael Taft argues that Ireland’s improving balance of payments, as applauded by Vines/Watson in the FT, are due to falling imports, not increasing exports. 

From Notes on the Front

Michael Taft argues that Ireland’s improving balance of payments, as applauded by Vines/Watson in the FT, are due to falling imports, not increasing exports.

From Notes on the Front

From the Economist.

Comparing GDP per capita against the previous growth over the last ten years paints an even worse picture, for “Ireland, where income per head is now about 25% below its previous (and clearly unsustainable) trend.”

Why use GDP per head instead of GDP? The Economist says, “the single best gauge of economic performance is not growth in GDP, but GDP per person, which is a rough guide to average living standards.”

From the Economist.

Comparing GDP per capita against the previous growth over the last ten years paints an even worse picture, for “Ireland, where income per head is now about 25% below its previous (and clearly unsustainable) trend.”

Why use GDP per head instead of GDP? The Economist says, “the single best gauge of economic performance is not growth in GDP, but GDP per person, which is a rough guide to average living standards.”

Gini Co-efficient, 1999 to 2009, for Ireland and average of EU-15. Created on Eurostat

Gini Co-efficient, 1999 to 2009, for Ireland and average of EU-15. Created on Eurostat

New Irish residential mortgages fell 54.6% (compared with second quarter 2010) to 3,551 in the second quarter of 2011.

Full details in FinFacts

New Irish residential mortgages fell 54.6% (compared with second quarter 2010) to 3,551 in the second quarter of 2011.

Full details in FinFacts