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To buy or not to buy…

A recent post by Ronan Lyons graphically shows why buyers are right to wait …

Real interest rates in Ireland, 1975-2009

Sometimes, it’s easy to forget – when you see interest rates of just 2% or so on your savings that the real return on savings can be quite high. Even with zero interest rates – as people often have in their current accounts, it may actually be the case that there’s “never been a better time to save”! Earlier this week the latest CPI figures were released, showing an annual fall in prices of almost 5%, as discussed by Karl Whelan on the Irish Economy blog. Link to article

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