Down. Basically, down. How far down is the problem. I don’t know. And over what time frame, difficult.
But

falling incomes
general CPI deflation
increased property supply
increasing tax burden
increasing interest rates
increasing unemployment
collapse in inward migration
increase in net emigration

This suggests downwards in the short term.
On the other hand

government action by way of moratoria on repossession proceedings
government action on properties securing [...]

According to a breaking news report on the Irish Times site yesterday, the government intends to raise 1 billion euro from next year by metering water usage. This was made known, apparently, by John Gormley during an RTE interview. I’m absolutely fascinated that one of our ministers can be so unutterably dumb; I long ago [...]

Brendan O’Connor, high profile writer for the Sunday Independent, biggest selling Sunday newspaper in Ireland, writes today that there is “no use cursing the day we mounted the property ladder“.
I would like to highlight the fact that just because he’s high profile doesn’t mean I think he’s any good (I think he’s not) or that [...]

on the plus side, the time I put into cleaning the gas fire this morning has resulted in a functioning gas fire. I am very happy about this as the living room is now less than subArctic.
On the plus side, i discovered I’ve got great, great neighbours. The copper pipe for the garden tap burst [...]

I could write a long introspective piece about the property market in Ireland, hopes and dreams dashed and how reality hurts sometimes. But i’ve worked out that location wise, Dublin appears to be the best place for me short of moving to San Francisco which could be very lonely and apart from the weather, its [...]

Dermot Ahern is the bright spark who brought us blasphemy legislation. Now he wants to set up a DNA database. Unfortunately RTE are a bit sparse on the details about this.
I have no objection to a DNA database per se, however, that objection is dependent on it being of a non-Big Brother variety of database [...]

On account of the minor detail of generally avoiding the Irish Independent’s website, I missed this nugget when I was writing the WhiteLines piece the other day.
Yes, you too can realise your dream if you become redundant.
I have issues with this piece. It consists of three superficial case studies which are supposed to lead you [...]

This from RTE, and then this little nugget from Dermot Ahern via breakingnews.ie.
Northern Ireland uses sterling and miles. We use the Euro and kilometres. They have A-Levels up there. We have a Leaving Certificate.
In the name of Christ why does Dermot Ahern think we need to have the same drink driving legislation as they do [...]

Every once in a while,  someone decides that something must be done about the Abbey Theatre. The Abbey is on Abbey street, a most unprepossessing building – you can’t call it ugly per se, but that’s because it’s too near Liberty Hall and other more iconic eyesores. It’s out of the way. The concept of [...]

Although most of the time to take photographs all I have to do is turn up on a beach and take photographs of kitesurfers, every once in a while I decide to do something a little different. That takes some planning sometimes, no planning other times. I’ve a project on the go at the moment [...]