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Number of Irish millionaires hits 90,000 as property prices surge

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Banda idiotów.

The survey found that Irish wealth is "disproportionately" skewed toward property, with 71 per cent of total wealth invested in the asset last year. Some 16 per cent of Irish wealth is invested in equities, while 10 per cent is held in cash and 3 per cent is invested in bonds.


Bank of Ireland forecasts that, by 2015, property will be less dominant. It predicts that the breakdown of investment will shift to 61 per cent in property, 22 per cent in equities, 12 per cent in cash and 5 per cent in bonds. [...]

:)

Most of the Republic's wealth is "new money" created by people's willingness to borrow to invest further, according to Mark Cunningham, Bank of Ireland Private Banking's managing director.


a to jeszcze lepsze, forecast przez lunatyków, którzy znowu robią to samo co wtedy?

Personal disposable income in Ireland has doubled over the past 10 years, and is forecast to double again over the next decade.


The annual level of personal savings stood at €10 billion at the end of 2005 and this is forecast to increase to €13.5 billion by 2010 and to €24 billion by 2015.


Debt as a percentage of disposable income has increased from 89 per cent to 140 per cent in the last five years.


But Mr O'Sullivan said that neither the absolute level of borrowing nor borrowing levels relative to overall wealth were ahead of international norms.

#lrlandia #ekonomia #nieruchomosci #krach #sinusoida ##!$%@?
r.....t - Number of Irish millionaires hits 90,000 as property prices surge



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