When best to buy?

brianb10

I have a one bed apartment (€150,000 negative equity)
We need to move to a bigger house as its too small.
Was thinking of buying a 2-3 bed house (around €350,000, bank said we can transfer the NE) but not sure whether to rent for a while or buy now?
If house prices continue to drop we will get a better price for the house but will be in more negative with the apartment and visa versa if prices rise.
Given this scenario does it really matter or not if we buy now or wait a year or two?

TheDriver

I am more curious as to where a 2-3 bed house is 350,000? Or are you including the neg equity?

brianb10

http://www.daft.ie/searchsale.daft?id=652801

Theboinkmaster

brianb10 wrote: »

http://www.daft.ie/searchsale.daft?id=652801

IMO that house will drop another €100k over the next few years.

Idbatterim

Op I think that house is overpriced. It is terraced and with a fairly useless looking front garden, take a look at some of the below, particularly the top one i linked to though... they are all far better buys in my opinion and I live in the area so I know it well. Chuchtown and Goatstown might also be worth considering...

http://www.myhome.ie/residential/brochure/10-larchfield-dundrum-dublin-14/1932006

http://www.myhome.ie/residential/brochure/32-balally-grove-dundrum-dublin-16/1877070

http://www.myhome.ie/residential/brochure/133-balally-drive-dundrum-dublin-14/1389504

http://www.myhome.ie/residential/brochure/16-farmhill-park-goatstown-dublin-14/1932034

actually just went through the photos there Op, the back garden is a joke and the front is overlooked by that apartment block...