[e12e]

> Ireland had arguably the world’s largest housing bubble and crash in the 2000s, with prices quadrupling in the decade to 2007, even while supply soared, before crashing by more than half between 2007 and 2012.

So, prices doubled in the years from 2000 to 2012 - a little under 5% yearly growth. Is that really a crash? Or am I misunderstanding "quadrupled then halved"?

[iso1210]

https://data.cso.ie/

Has price index since 2005, but not before.

For all residential properties it was

2005-01: 125

2007-07: 163 (peak)

2013-03: 73 (trough)

2021-11: 155 (latest)

Even just looking at Dublin houses (where people want to live due to centralisation of economic activity), it follows the same pattern

2005-01: 112

2007-04: 155 (peak)

2012-04: 65 (trough)

2021-11: 141 (latest)

[namdnay]

The crash is if you bought a house in 2006 and needed to sell it in 2012 :)

> So, prices doubled in the years from 2000 to 2012 - a little under 5% yearly growth. Is that really a crash?

2008 was still a stock market crash, even if the average growth from 2000 to today is very good