Oireachtas Joint and Select Committees
Thursday, 3 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
-----yes, and then we see an average of second-hand house prices to the average industrial wage and we also see a similar, sort of, reflection there. If I can just move on to the other slide, and what we have there is the residential house price annual, and we see it moving from 1992, the blue line being new house prices and the red line being second-hand house prices, both growing quite exponentially as well over that period. And in the slide below, we have the residential house price quarterly, and, once again, the blue line is new house prices and the red line is second-hand house prices and we see significant increases there of quarter-on-quarter, with the whole thing peaking in and around 2007, 2008, the latter part-----
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