…fell again in the first quarter.
The Permanent TSB/Economic and Social Research Institute (ESRI) House Price Index shows prices in Dublin fell 10.3 per cent in the first quarter of 2010 compared to a 3.5 per cent drop outside the capital.
Over the 12 months to the end of March, the decline in Dublin was 24.5 per cent, and compared to a fall of 23.4 per cent in 2009.
The average price for a Dublin house at the end of March was €250,872, compared with €279,753 at the end of 2009.
This was in comparison to…
The explanation from the industry?
Niall O’Grady, Permanent TSB’s general manager for business strategy, said the steep fall in Dublin prices reflected the fact that values in the capital rose more quickly than in the rest of the country during the boom.
Dublin also...
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Harry McGee reminds us that as of today a carbon tax will be levied on selected home heating fuels. Transport fuels were carbon-taxed already, and the remaining home heating fuels (the ones that contribute most to climate change) will follow at an unspecified later date. There are no plans to tax greenhouse gas emissions other than carbon dioxide (e.g., by imposing a methane levy on beef consumption).
The report also gives voice to the opposition. If my predictions are correct, they will now discover that a carbon tax does not really hurt.
McGee also quotes a spokesman of Minister Gormley saying that other taxes were reduced. I had missed...
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Well, as we’ve known and expected for a long time, our home heating bills will rise this week when our new carbon tax is levied on home heating oil and natural gas.
The Sunday Business Post on Sunday 25th gives an idea of how this new tax will affect the already-struggling average family in Ireland:
From Saturday, the price of kerosene home heating oil will rise by 8.4 per cent, while natural gas prices will rise by 6 per cent. The price of marked gas oil, liquid petroleum gas and fuel oil will also increase.
. . .
The price of kerosene home heating oil is set to rise by 8.4 per cent, meaning a typical 1,000 litre delivery of kerosene will increase in cost from €620 to €670.
The price of marked gas oil, which is also used as a home heating fuel, is scheduled to increase by 8.7...
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