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RESIDENTIAL PROPERTY PRICES have fallen year-on-year for the second month in a row, according to figures from the Central Statistics Office (CSO).
New data from the statistics agency shows that the price of a home fell by 0.6% in the year to August, following a year-on-year decrease of 0.6% in July.
However, figures also showed that property prices increased month-on-month by 0.3% in August, following a 0.2% monthly increase in July and o.1% in June.
That followed average monthly decreases of 0.1% in both March and April as economic activity fell as a result of the Covid-19 pandemic.
The CSO figures show that across the country, house prices were up by 0.4% in the year to August while apartment prices were down by 0.7% year-on-year.
In Dublin, property prices saw a decline of 1.6% in the year to August, with house prices decreasing by 1.4% and apartment prices increasing by 0.1%.
The highest house price growth in Dublin was in Fingal, where prices rose by 1.7% year-on year. In contrast, Dublin city saw prices decline by 3.4% year-on-year.
The region outside of Dublin that saw the largest rise in house prices was the south-west at 5.2% year-on-year, while the Border saw the biggest decline with a 2.7% fall in the year to August.
Overall, house prices remain 17.6% lower than at their peak in 2007.
In Dublin, house prices are 22.6% below their February 2007 peak, while in the rest of Ireland, house prices are 20.1% below their May 2007 peak.
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I don’t get from the article what the benefits of being a data hosting hub country are? Other than perhaps prestige and increased regulatory role.
Benefits of pharma and software tech multinationals are proven, with large numbers of high paying jobs.
Data centers aren’t big scale employers, additionally they are energy hungry industries that will not help our push to meet energy reduction targets.
The associated data science careers referred to in the article, arent typically located at the data centres, we could strive to excell in these disciplins without the data centres.
As a country we need to be discerning about the type of industry that we court. If it is to be huge banks of servers, we need to insist on zero emission environmentaly friendly facilities.
To be a global data hub we need data centers! Was it 2yrs later Apple finally gave up on planning for a 1billion investment in a data center in Galway a few years ago ? In the mean time a similar project started In Denmark was complete and operational. They are now proposing to build another in Denmark where they propose to provide unwanted heat to the local community.
Is this just a backup plan ?
The real challenge is hiring academics only, the US have a growing pool of criminals to cut deals with, good hackers either go to jail or work for the state. We don’t have criminals at that level here. Couple of good professionals in Cork but I am unsure where we can get the talent to really enforce the team behind these new task forces. We need people who can reverse engineer malware, are constantly updated on backdoors in circulation, along with 0day flaws and dissect packets, that’s before we even look at the problems with hardware from certain regions.
@Padraig Carey: *”enforce the team” = “harden the team”
It’s almost embarrassing to think the best in Irish tech management and government believe the data management companies like Amazon etc are here for anything other than cold weather cheap power and tax breaks
Perfect place for Data Hubs. Not to extreme weather patterns so cosy of electricity is not so high with cooling units and not really a chance of a earthquake or some other natural disaster.
Downside not great for climate change targets and don’t really employ many.
have your say