Good Friday, a week early

Ireland got another kick from the admittedly inept Moody's today - but that's not the main story

After all the attempts to prop up the Irish property market, today's Allsop/space auction revealed;

1. Farm land even in relatively central (vis a vis Dublin) Wicklow is less than 8k an acre

2. Attractive 4-beds in Ballsbridge are a max of 550k (and that probably included some estate agents' trickery)


The total loss to the value of Irish real estate from today's auction, including farm land, is well over E100 billion, and perhaps closer to E500 billion

Only the revenue commissioners were party to this information before today - only they have the real price at which property changes hands