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Galway Tote Agg & House Prices

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Published at Jul 29, 2011, 16:44

Tote Aggregate at the Galway Races over the past 22 years and house prices in Ireland

The attached graph shows a remarkable similarity between the Tote Aggregate at the Galway Races over the past 22 years and house prices in Ireland.

The blue line showing the Tote figure virtually mirrors the red line showing the average house price in Ireland over the same period.

The bad news for those worried about falling house prices is that the Tote Aggregate is down on all four days so far this week.

When punters have enough cash to get busy at the Tote windows again, then house prices seem sure to increase. But when!

Alan Magee

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