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Posts tagged ‘Central Statistics Office’

“Emigration” Concern as 89,000 leave in the space of a year

Emigration is now at its highest point since modern records began in 1987. Around 240 people a day are leaving – or 10 people an hour, or one every six minutes.

The figures represent a setback for the Government, which tried to put the focus on the fact that the numbers at work had risen by more than 33,000 over the past year.

But the Central Statistics Office‘s migration figures show a total of 89,000 people left the country between April 2012 and April 2013.

UNACCEPTABLE

That’s more than double the amount who left in 2006.

The Government admitted it was now at an “unacceptable level”, as the opposition claimed emigration was having a bigger effect on reducing the dole queues than government policy:

Fullarticle at source:http://www.independent.ie/irish-news/emigration-at-record-high-as-240-people-move-abroad-every-day-29538453.html

Comment:

Concern????

cropped-dscn0622.jpg

By  Thómas Aengus O Cléirigh

There is no concern ,this is exactly what the puppet government full of Gombeen’s want ,

laugh

The young bright and smart are leaving in their droves helping to doctor the horrendous unemployment figures and this is also enabling the corrupt parish pump political system to continue. There is no job creation strategy in place 5 years after the financial meltdown .not one of the corrupt bankers are in Jail and the incompetent politicians who have destroyed our independence are now saying how sorry they are but they still collect their lottery pensions as hundreds have lost their homes and their life savings (I personally know 5 people who have taken their own lives)  the X Ministers are long gone to plusher pastures and are living the high life as we the ordinary are saddled with the crippling  debts of private banks and gamblers billionaires. Our social system is been dismantled as our old and infirm are turf’ed out and are delivered to the hands of Private health gangsters who continuously increase their charges for basic health cover . No wonder the smart are getting out !

see also in the news : http://www.independent.ie/irish-news/almost-400000-mortgages-in-negative-equity-report-shows-29538374.html

The numbers that continue to damn us

By David Mc Williams

Maybe it’s the voyeur in me? I know it’s not for everyone, but the Comptroller and Auditor General’s report last week makes essential reading for anyone trying to get a handle on what is going on in this country. While many in the media seem convulsed with the split in the cabinet, two much more important pieces of news emerged last week which tell us about where our economy is going. Neither portrait is a pretty one.

The first is the data on emigration, which continues relentlessly. Official figures show that the number of people who emigrated from Ireland soared to 87,000 over the last year. More than half of those who left the country in the 12 months up to April were Irish, and almost 36,000 were under the age of 25.

Talk to anyone in business in the country, and they will tell you that demand is seizing up. People are just not spending, not because they don’t want to, but because they don’t have it.

I spoke last week to someone in the advertising business and she told me that, coming back from the summer, she was hoping against hope for some uptick . . . but no, there was no sign. In fact, she said, it was getting worse………………………………………….

full article at source: http://www.davidmcwilliams.ie/2012/10/01/the-numbers-that-continue-to-damn-us?utm_source=Website+Subscribers&utm_campaign=b002a5bc08-02102012&utm_medium=email

Comment:

Wait until the dimwits in the current government present their crushing budget .This price will be views as astronomical .As far as I can see, I see no bottom we have a long way to go to reach that dark place ! With the real unemployment figures concealed from the public I estimate it to be somewhere between 29 an 30%.The banks  are now free to crucified their own customers with penal charges and their own customers are been held hostage to ever increasing interest rates whenever they choose! The current government have washed their hands of the countless thousands of trapped citizen’s snared by toxic and corrupt bankers.

Nama is the real culprit here as they have control on the flow of sales of all types of property in Ireland now and with consent of the government they are drip feeding the sale of property, this option is however not available to the ordinary joe who has just lost his job and is forced to emigrate.

It is outrageous, most of the cheerleaders of the property boom are now employed by NAMA as “experts” and are been paid by the victims of these fraudsters. A day of reckoning is coming and it ant going to be pretty !   I am living in Lubeck In Germany , an Irish emigrant,  and I can smell the stink of this deal from over here .This has all the hallmarks of a financial stroke  by absolute gangsters  on the Board of AIB  and NAMA “Looking after insiders” with a guarantee profit .

NAMA Wine Lake

Jack Fagan has a rare weekend outing in today’s Irish Times where he reveals that a consortium of European investors has bought the four main office blocks of AIB’s Bankcentre in Ballsbridge opposite the RDS. The seller, Aviva is said to have accepted “just over €70m” for the sprawling 154,000 sq ft complex set over four buildings. The property was originally bought in April 2006, a year before the general peak in Irish commercial property, for €177m. Commercial property generally increased by just over 21% between Q1 2006 and Q1 2007 which would have indicated a notional peak valuation of €214m. A €70m price tag today represents a 67.3% decline which is in keeping with the general market as tracked by Ireland’s two commercial property indices from Jones Lang LaSalle and SCSI/IPD.

The tenant in the offices is the 99.8% state-owned AIB which has thus far cost us at least…

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CSO report of an in-depth picture of housing in Ireland

The Central Statistics Office today released the latest publication in its series of Census 2011 results, showing that the number of households renting their accommodation increased by 47 per cent since 2006 to stand at 474,788 in April 2011 and leading to the overall home ownership rate to drop sharply from 74.7 per cent to 69.7 per cent.

 

Today’s publication, “Profile 4 The Roof over our Heads – Housing in Ireland”, examines the characteristics of over 1.6 million permanent dwellings occupied on April 10th 2011, along with 289,451 dwellings which were identified as being vacant at the time of the census.

 

Deirdre Cullen, Senior Statistician at the CSO: “This report provides an in-depth picture of housing in Ireland at the time of the last census. It presents detailed results on housing characteristics such as heating, sewerage and water along with an analysis of renting in Ireland, the housing situation among non-Irish nationals and a study of vacant dwellings across the country.”

 

The full report is available on the CSO website at www.cso.ie/census along with all the data which is available in a range of interactive web tables, allowing users to build their own tables by selecting the data they are interested in and downloading it in an easy to use format for their own analysis. Small area census data is now also available on the new census mapping application on the CSO web site.

 

Ms Cullen concluded “Housing has played an important role in the economic fortunes of Ireland in recent years and this report provides important new information on this critical aspect of Irish life. Further details on census housing results are available in the census small area data which is available in the new mapping application (SAPMAP) on the CSO web site. Here, users can find detailed housing characteristics for a wide range of geographic areas from county level right down to town, electoral division and 18,488 Small Areas. This mapping application makes all the census variables available at local level right across the country and is an important step in bringing the data alive in a fresh and exciting way making it easier for all to access.”

full report at source:

http://www.cso.ie/en/newsandevents/pressreleases/2012pressreleases/pressreleasecensus2011profile4theroofoverourheads/

Challenges facing the Irish economy.

We received a report on the conference “challenges facing the Irish economy in NUG “

see attached link for detials :Challenges facing the Irish economy.  Social media have a special communications role.
Preview of some impressive slides from UCG Economics Prof John McHalehttps://docs.google.com/file/preview…OTFvcTBCT0RLUQ

 

http://www.politics.ie/forum/media/184718-eu-office-dublin-wants-social-media-practitioners-talk.html#post5101921

1,500 people emigrating every week (Namawinelake)

By Namawinelake

Ireland’s Central Statistics Office (CSO) this morning released its population estimates for April 2011. Given that we had a census in April 2011 and preliminary results released in June, we already knew that the population had grown by 8.1% (341,421 people) in the past five years from 4,269,848 to 4,581,269. So the CSO release this morning with its estimate of 4,484,300 for April 2011 looks a little ridiculous because we have the actual numbers; but the reason for the difference is down to the CSO’s method of estimating population change from year to year. In simple terms, the CSO undertakes a quarterly survey of households every quarter and uses that survey of a sample of the population to extrapolate totals for the entire country.

read full article at source:http://namawinelake.wordpress.com/2011/09/15/1500-people-emigrating-every-week-though-800-per-week-immigrate-dublin-population-falling/

These figures are not telling the real story!

Central Bank figures published today show 55,763 home loans, or 7.2 per cent of all mortgages, were in arrears for more than 90 days at the end of June.

Central Bank figures published today show 55,763 home loans, or 7.2 per cent of all mortgages, were in arrears for more than 90 days at the end of June.

This compares to an arrears level of 6.3 per cent three months ago, and 5.7 per cent at the end of last year.

At the end of June there were 777,321 private residential mortgage accounts held in the Republic of Ireland to a value of €115 billion.

According to the Central Bank, 69,837 residential mortgages were categorised as restructured at the end of June. This compares with 62,936 restructured accounts at the end of March. Of this total 39,395 are not in arrears.

Between April and June mortgage lenders applied to commence proceedings to enforce the debt/security on a mortgage in 209 cases comprising arrears totalling €7.2 million built up on loans equating to €60.2 million.

Chief executive of the Irish Brokers Association Ciaran Phelan said banks are starting to understand that restructuring was the “only real solution”.

“According to these numbers, over 4,000 mortgages in arrears were restructured during the quarter; this number needs to rise significantly if we’re to slow the growing level of arrears – there were 6,000 new households in arrears in the quarter,” he said.

The Government is considering establishing a new agency with legal powers to enforce debt restructuring agreements between banks and struggling home owners. The Cabinet is awaiting a report from an expert group due by the end of next month.

One measure now under consideration is converting the Money Advice and Budgeting Service (Mabs) into a personal debt management agency, which would be given “quasi-judicial status” to enable it to “support families who make an honest effort to deal with their debts, including non-mortgage debt”.

These new legal powers would enable such an agency to require banks to achieve a resolution in these cases. Mabs spokesman Michael Culloty said today that about half of its clients came seeking mortgage advice.

Mr Culloty said that distressed mortgages remained a “growing problem”.

 

Source:http://www.irishtimes.com/newspaper/breaking/2011/0829/breaking3.html

Comment:

Mortgage arrears will remain a problem and I expect it to be endemic by the end of the first quarter of next year. With Christmas out of the way and new debts added to the old ones, I believe people will have had enough! While our gutless politicians tinker around with the very real problems of homeowners debts it will be impossible to sell the concept that citizens must continue to bail out developers in NAMA and continue to pay them 200,000 Euros ,while at the same the ordinary Joe have to endure a lifetime of debt .The Banks were just as much responsible for pumping up prices of shoeboxes  and they must have known that the chickenswould come home to roust some time !

The Financial regulator abandoned his Responsibility to regulate the financial industry allowing them to become gambling hubs, accountability was nonexistent and political interference in the property market allowed and felicitated the exploitation of gullible citizens .The printed press heavyweights  all enjoyed hefty profits advertising these overpriced future slums to the masses. Now they are supporting the gutless politicians in keeping the masses in financial slavery.

People of Ireland stand up and cast off this yoke from around our collative neck!

Central Statistics Office (CSO) has released its inflation figures

 

By Namawinelake

This morning Ireland’s Central Statistics Office (CSO) has released its inflation figures for July 2011. The headline Consumer Price Index (CPI) was flat month-on-month but up 2.7% year-on-year (same as the annual figure last month, in July 2010 the CPI also remained flat). The biggest driver of inflation in the past 12 months continues to be the CSO category of housing-related costs, and within that, the most significant component is mortgage interest* which has risen a staggering 25.2% in the past 12 months and indeed a significant 2.3% in the past month alone as ECB and domestic bank-driven interest rate rises take effect. Mortgage interest comprises nearly 7% of the CPI so the effect is significant.

full article here at source:http://namawinelake.wordpress.com/2011/08/11/irish-residential-rents-continue-to-stabilise-with-0-5-drop-year-on-year-mortgage-interest-costs-up-a-staggering-25-2-year-on-year/

New Residential Property Price Index

New index shows that Irish residentialproperty prices fell 11.9% in the year to March 2011By Finfacts Team
May 13, 2011 – 3:07 PM
 
Source: CSO

The Central Statistics Office today launched a new national Residential Property Price Index, pdf, which provides data from the beginning of 2005 to March 2011. The series is based on transactions which are funded by residential mortgages and covers both houses and apartments. The first index report shows that Irish residential property prices fell 11.9% in the year to March 2011.

The CSO says that on a monthly basis the overall national index grew by close to or above 1% in almost every month between the period June 2005 and March 2007. Between April 2007 and November 2007 there was little movement in the index and it was in this period that prices were at their highest, approximately 30% higher than in January 2005. In December 2007 a consistent downward movement in prices began with the rate of decline accelerating in 2009 and into early 2010. The monthly rate of decline increased to 1.7% in both February and March of this year; the largest monthly decreases since July 2009.

House prices in Dublin are now some 45% lower than at their highest level in early 2007. Apartments in Dublin are 52% lower than they were in February 2007. The fall in the price of residential properties in the Rest of Ireland is somewhat lower at just over 35%. Overall, the national index is almost 40% lower than its highest level in 2007.

The results show that

  • At a national level residential property prices in the year to March 2011 fell by 11.9%. Prices in Dublin fell by 13% in the year while outside of Dublin prices fell by 11%;
  • Residential Property Prices, at a national level, reached their highest level in mid 2007 and in Dublin somewhat earlier, at the beginning of the second quarter of 2007;
  • Since reaching their highest level, Residential Property Prices have fallen by almost 40% nationally, with Dublin experiencing the largest decline (-47%), while in the rest of Ireland prices fell at a somewhat lower rate (-35%).
  • The largest price decline was for Dublin apartments where prices have fallen by 52% since February 2007.
  • At a national level, houses have fallen by 11.5% in the year to March and by 38% since they reached their highest level in 2007. Nationally, apartments fell by 15.2% in the twelve months to March and by 51% since February 2007.

The CSO says the new index meets a national need for an official measure of the change in residential property prices and will also fulfill a new EU data requirement which obliges all Member States to produce comparable national residential property price indices on a quarterly basis from 2012. The new national index will be published on a monthly basis approximately six weeks after the end of each reference period. The next release, for April 2011, will be published in early June.

  • The permanent tsb/ESRI House Price Indexis no longer being produced.”This report is not before it’s time and will go a long way in eliminating a black hole in one important area of the property market; house prices,” said Frank Conway, a director with Irish Mortgage Corporation.First time buyers are the single biggest segment of the property market currently, making up 41% in the 4th quarter 2010 (Source: IBF/PwC Mortgage Market Profile).

    “The first time buyer market is beset by uncertainty. Property prices, job stability and access to funding make up a troika that continue to dampen appetite and peoples ability to purchase. However, the launch of the property price report from the CRO will provide certaintly in respect of property prices. Access to funding and job certainty also need to be addressed before confidence can return,” said Conway.

    On the contents of the report, Conway said this report highlights property prices are still falling. However, the aggregate falls of 40% nationally is broadly in line with similar price drop estimates issued previously and contradicts smaller price drop estimates issues by a major ratings agency in recent weeks.

  • source:  http://www.finfacts.ie/irishfinancenews/article_1022295.shtml

Comment:

I remember the last time government said that it was now time to buy a property.As for the banks, well they appear to be hounding some people to the grave now!  Don’t fall for the vested interests with 300,000 houses empty and 60,000 leaving the country every year, no jobs new property taxes, water charges and if you are stupid enough to have put something into a pension you are now been robbed again from the very people who promised to make the bondholders pay at the last election .My advice stay away from property as I expect it will have to fall at least another 35 to 45% .Just compare our prices to those of Europe!

New Irish house price index launched by Central Statistics Office

 
By namawinelake

Tomorrow sees the launch of a much needed house price index by the Central Statistics Office (CSO). It is particularly welcome since the other leading actual price indicator, the Permanent TSB/ESRI quarterly index has not been published since 18th January, 2011 and its delay in publishing the quarter one index is particularly curious – the index has come in for some criticism on here because PTSB now has a very small share of the Irish mortgage market and the index excludes cash transactions. The index launched by the CSO tomorrow will also exclude cash transactions but at least it will be based on the eight main mortgage lenders in the State. The CSO says that it will also provide an indication of the total value of all property transactions (cash plus mortgage), presumably sourced from the Revenue (the tax authorities that collect stamp duty on property transactions and who keep records also of exempt property transactions). There will be an update here tomorrow when the actual index is unveiled. The index was announced on 28th April, 2011 and there is some background information here.
Going forward, the index may become the most cited index because it will be monthly, will be issued shortly after the reporting period, will cover most mortgage transactions and by providing information on the full market (cash + mortgage transactions) we should get a better sense of how prices are changing. Given that we have had an almighty boom and bust, price discovery is needed now more than ever.
What the index will not provide will be prices – we WON’T find out what the average price of a house or apartment is; we’ll just see how prices have changed since 2005 so the index might start at 100.0 in 2005 and might be 70.0 today. The index will help us understand how prices have moved.
Whilst tomorrow’s new index is to be welcomed, it is no substitute for the House Price Register – the latest on which is that the Property Services (Regulation) Bill which will give legislative effect to the Register was restored by the Oireachtas on 25th March 2011 but appears not to have been debated or worked on since.

source:http://wp.me/pNlCf-1oz

Comment:

Perhaps it’s my suspicions nature regarding all things financial, coming from the government .But don’t they have a vested interest in talking up the prices of property? This fact does immediately call into question the reliability of these figures?

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