More "evidence" of property prices going up?

goodie2shoes · 28-09-2012 2:05pm #1

A DNG survey would seem to indicate that Dublin house prices have reached the bottom, and are in fact on the way up.

http://www.independent.ie/business/personal-finance/property-mortgages/dublin-house-prices-record-first-quarterly-increase-in-six-years-report-3243433.html

Many posters (I could name them already) will doubtless dissmiss this as propaganda or delusional nonsense, but it does come on the back of other positive news for the housing market, namely a CSO survey which shows which shows the biggest house price increase in 5 years.

Already in parts of the country there is strong evidence of a shortage of certain types of housing beginning to emerge.

Any thoughts? Have we reached the bottom? or is this just "propaganda"?

davet82 · 28-09-2012 2:07pm

there is two huge threads on the subject in the accomadation forum

jaykay74 · 28-09-2012 2:08pm

DUBLIN house prices enjoyed their first quarterly increase in six years, estate agent DNG said today.

I think listening to estate agents opinions on this is a good idea. :pac:

goodie2shoes · 28-09-2012 2:08pm

davet82 wrote: »

there is two huge threads on the subject in the accomadation forum

that forum is full of bears!

ScumLord · 28-09-2012 2:09pm

House prices going up is only good for the people that over paid.

charlemont · 28-09-2012 2:10pm

goodie2shoes wrote: »

that forum is full of bears!

Except me, I think I'm banned from that forum.;)

KindOfIrish · 28-09-2012 2:11pm

all depends on ability to pay. in 2011 budget deficit was 25%. The only way to reduce it is higher taxes and lower salaries in PS. What ever government is saying PS salaries will be reduced. So, who will buy houses?

Rigol · 28-09-2012 2:11pm

id buy in now if i was looking and had the cash.

cloptrop · 28-09-2012 2:15pm

And when nama finally release all their houses will prices keep rising ?
And when the banks start taking back all the houses and trying to sell them off will the prices keep rising ?
Dont be a feckin eejit and stay away from that mortgage for a while yet.

goodie2shoes · 28-09-2012 2:17pm

charlemont wrote: »

Except me, I think I'm banned from that forum.;)

u naughty boy!:eek:

Dravokivich · 28-09-2012 2:18pm

goodie2shoes wrote: »

Any thoughts?

I hope they aren't on the way up. The prices are still kind of excessive and I recon pushing them back up again is only gonna create more problems in the long term.

jmayo · 28-09-2012 2:19pm

goodie2shoes wrote: »

that forum is full of bears!

You mean you are called up on the bull you are pedalling over there, so now you have decided to start pedalling it here.

As has been pointed out to you over on Accomodation and Property you disappear everytime one of these latest predictions are shown to be bullsh**.

How many properties are you running out to buy this time ?

You have continously refused to answer my points on that forum so I guess you will do the same here.

BTW how is business these days down the estate agents. :rolleyes:

EDIT: just noticed you are banned over there so I guess you have to spoof somewhere.
Pity the readers in this forum are now stcuk with you.

goodie2shoes · 28-09-2012 2:21pm

cloptrop wrote: »

And when nama finally release all their houses will prices keep rising ?
And when the banks start taking back all the houses and trying to sell them off will the prices keep rising ?
Dont be a feckin eejit and stay away from that mortgage for a while yet.

yes but what about folk that may not require a mortgage?
surely it's a good time to buy?
especially if you're gonna rent it out.

westendgirlie · 28-09-2012 2:22pm

I'm taking a trip to the Accomodation and Property forum. Will I need pepper spray?

goodie2shoes · 28-09-2012 2:24pm

westendgirlie wrote: »

I'm taking a trip to the Accomodation and Property forum. Will I need pepper spray?

no but just try not to be positive. it's best to assume the disposition of a shrewd renter who has forked out over €100k on dead money. They'll love ya!:D

cloptrop · 28-09-2012 2:26pm

goodie2shoes wrote: »

cloptrop wrote: »

And when nama finally release all their houses will prices keep rising ?
And when the banks start taking back all the houses and trying to sell them off will the prices keep rising ?
Dont be a feckin eejit and stay away from that mortgage for a while yet.

yes but what about folk that may not require a mortgage?
surely it's a good time to buy?
especially if you're gonna rent it out.

I take it you either work in house sellin or have houses to sell . Wheres your conscience trying to ruin peoples lives with mortgages just to make a few crumbs for yourself. When all the nama houses go out you will find it very hard to even rent out your house.

goodie2shoes · 28-09-2012 2:27pm

cloptrop wrote: »

And when nama finally release all their houses will prices keep rising ?
And when the banks start taking back all the houses and trying to sell them off will the prices keep rising ?
Dont be a feckin eejit and stay away from that mortgage for a while yet.

NAMA's Brendan McDonagh says there's a shortage of family homes. It was on the 1 O'clock news earlier.
More propaganda?

rockclover1 · 28-09-2012 2:27pm

there are too many speculators on property,the property boom is what got us in trouble the last time,it would be stupid to speculate on increases again..

the recession is still here,unemployment is high,there has been an increase for demand in social housing.

that alone means people cannot buy.and its harder to get loans,it would be foolish of propetiers to increase their house prices,unless they want to price themselves out of the recession market..

davet82 · 28-09-2012 2:30pm

for every one billion in public sector cuts, it translates to 750 million taken out of the domestic economy so i'm sure there will be plenty of money going around for people to buy property with, dont mind the over supply we still have with more to follow as they get released from nama, emigration and unemployment on the rise ect...

property price register will force prices down (as EA cant lie as much as they use to) and as will the suckers who are snapping up now to avail of mortgage relief will be gone next year...

dont mind the fact 40% of mortgage applications are being refused by banks for people who do want to buy!

no property prices have still a bit to go imo

there is being positive and then there is being foolish

LittleBook · 28-09-2012 2:30pm

davet82 wrote: »

there is two huge threads on the subject in the accomadation forum

Yes but the OP, who started one of those threads, just got banned from the Accommodation and Property forum. He has to find somewhere to talk up the property market! :pac:

jaykay74 · 28-09-2012 2:31pm

goodie2shoes wrote: »

no but just try not to be positive. it's best to assume the disposition of a shrewd renter who has forked out over €100k on dead money. They'll love ya!:D

Dead money ? Over here in Sweden everyone rents. They must all be idiots

jmayo · 28-09-2012 2:38pm

jaykay74 wrote: »

Dead money ? Over here in Sweden everyone rents. They must all be idiots

Ah but shure everyone but goodietwohouses is an idiot.

goodie2shoes · 28-09-2012 2:38pm

jaykay74 wrote: »

Dead money ? Over here in Sweden everyone rents. They must all be idiots

Yes Scandie countries have a mature, well developed, well regulated rental market unlike here. There would also be huge cultural & historic reasons for this.

Try comparing the German or French health system with ours, and I think you'll find there are vast differences also. But that's another topic .....

seamus · 28-09-2012 2:42pm

Anecdotally speaking a lot more properties are now selling (I know of 3 in the last 6 months that had been sitting unsold for more than 3 years), but that doesn't mean prices are going up. They might be selling, but they're still selling under asking.

fishy fishy · 28-09-2012 2:44pm

goodie2shoes wrote: »

A DNG survey would seem to indicate that Dublin house prices have reached the bottom, and are in fact on the way up.

http://www.independent.ie/business/personal-finance/property-mortgages/dublin-house-prices-record-first-quarterly-increase-in-six-years-report-3243433.html

Many posters (I could name them already) will doubtless dissmiss this as propaganda or delusional nonsense, but it does come on the back of other positive news for the housing market, namely a CSO survey which shows which shows the biggest house price increase in 5 years.

Already in parts of the country there is strong evidence of a shortage of certain types of housing beginning to emerge.

Any thoughts? Have we reached the bottom? or is this just "propaganda"?

the budget will sort that out - after the budget you will be able to purchase a house for 99.99 Euro. However most people will not be able to afford 99.99 Euro after the budget.

Gone Drinking · 28-09-2012 2:46pm

This is propaganda or delusional nonsense.

goodie2shoes · 28-09-2012 2:47pm

seamus wrote: »

Anecdotally speaking a lot more properties are now selling (I know of 3 in the last 6 months that had been sitting unsold for more than 3 years), but that doesn't mean prices are going up. They might be selling, but they're still selling under asking.

be careful there Seamus, you're dangerously close to positivity there!

i too have been keeping an eye on a number of units, and have noticed they are selling. the right property in the right location will sell. for the right price.

goodie2shoes · 28-09-2012 2:48pm

fishy fishy wrote: »

the budget will sort that out - after the budget you will be able to purchase a house for 99.99 Euro. However most people will not be able to afford 99.99 Euro after the budget.

sorry but this is the sort of nonsense that mitigates against a proper debate.

Jumpaddict · 28-09-2012 2:49pm

goodie2shoes wrote: »

NAMA's Brendan McDonagh says there's a shortage of family homes. It was on the 1 O'clock news earlier.
More propaganda?

Nail--->Head

You answered your own question;)

ejmaztec · 28-09-2012 2:58pm

It's a great pity if anyone needs a mortgage to buy one of these cheap properties, because all the lenders seem to be walking round with their empty trouser pockets turned out, as if they're doing a drunken party-piece elephant impersonation without the trunk.

goodie2shoes · 28-09-2012 2:59pm

Jumpaddict wrote: »

Nail--->Head

You answered your own question;)

i was being rhetorical, but you obviously didn't get that.:o

http://www.rte.ie/news/2012/0928/tenants-secured-for-4-000-empty-apartments-nama-business.html

More "evidence" of property prices going up?

Comments