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Dublin House Prices 2015

  • 16-10-2014 3:09pm
    #1
    Banned (with Prison Access) Posts: 59 ✭✭


    Seeing alot of drops in the price of housing in Dublin since the CB announcement

    I can imagine it will drop even further as the months pass and especially after the budget

    What do you reckon will happen next year in regard to house prices in Dublin?

    FTB here and have been putting off buying for the past 2 years , i work overseas so plan to buy somewhere for 150k (with 100k deposit) and then let it out.

    Do you think it's a good idea if working overseas, i can't maintain the property myself ,do any of you have any recommendations for letting companies who will cover this for me?

    Thanks


«134567

Comments

  • Registered Users, Registered Users 2 Posts: 6,003 ✭✭✭handlemaster


    if your asking for advise on buying in Dublin its the best place in Ireland for BTL. As regards prices, I think we will see a drop early in the year and a return to growth later in the year. But thats just my opinion when looking at Central bank deposit demand and other factors. Stock markets have taken a bounding this week ... if that continues who knows... its all a guessing game really.


  • Registered Users, Registered Users 2 Posts: 7,836 ✭✭✭Brussels Sprout


    assetcolum wrote: »
    Seeing alot of drops in the price of housing in Dublin since the CB announcement

    This doesn't really add up:

    1. It's far too soon for an announcement like that (which is certainly not set in stone just yet) to manifest itself in something like house prices. The property market doesn't react that quickly.

    2. If anything the prices should be going up as people clamour to get their purchases made before any new rules come in requiring them to have larger deposits.


  • Registered Users, Registered Users 2 Posts: 6,003 ✭✭✭handlemaster


    This doesn't really add up:

    1. It's far too soon for an announcement like that (which is certainly not set in stone just yet) to manifest itself in something like house prices. The property market doesn't react that quickly.

    2. If anything the prices should be going up as people clamour to get their purchases made before any new rules come in requiring them to have larger deposits.

    Its to late now if buyer were to go sale agreed this week. Draw down more likely new year and into new deposit rules


  • Registered Users, Registered Users 2 Posts: 3,528 ✭✭✭gaius c


    This doesn't really add up:

    1. It's far too soon for an announcement like that (which is certainly not set in stone just yet) to manifest itself in something like house prices. The property market doesn't react that quickly.

    2. If anything the prices should be going up as people clamour to get their purchases made before any new rules come in requiring them to have larger deposits.

    They actually started before the CB announcement. Will post up a bar chart showing asking price change volatility on myhome when I find it. The market has no idea what real prices are and it's basically just guessing right now.

    In the meantime, FTB's without large cash gifts from mammy and daddy are just giving up on viewings because it's a waste of their time walking in the door to be told that there's already an offer 15K over asking.


  • Registered Users, Registered Users 2 Posts: 130 ✭✭mr_seer


    gaius c wrote: »
    They actually started before the CB announcement. Will post up a bar chart showing asking price change volatility on myhome when I find it. The market has no idea what real prices are and it's basically just guessing right now.

    In the meantime, FTB's without large cash gifts from mammy and daddy are just giving up on viewings because it's a waste of their time walking in the door to be told that there's already an offer 15K over asking.

    Spoke to an estate agent today who confirmed that viewings have been slowing steadily since April. In the last few weeks they are getting virtually nobody in to viewings. Prices would have fallen anyway I suspect but the new CB proposals will just accelerate the correction


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  • Registered Users, Registered Users 2 Posts: 1,853 ✭✭✭Glenbhoy


    This doesn't really add up:

    1. It's far too soon for an announcement like that (which is certainly not set in stone just yet) to manifest itself in something like house prices. The property market doesn't react that quickly.

    2. If anything the prices should be going up as people clamour to get their purchases made before any new rules come in requiring them to have larger deposits.

    The CBI document states that banks are expected to take the proposals into account from the moment they were issued.


  • Registered Users, Registered Users 2 Posts: 1,246 ✭✭✭trackguy


    This doesn't really add up:

    1. It's far too soon for an announcement like that (which is certainly not set in stone just yet) to manifest itself in something like house prices. The property market doesn't react that quickly.

    2. If anything the prices should be going up as people clamour to get their purchases made before any new rules come in requiring them to have larger deposits.

    Bingo. The estate we bought in (North County Dublin) have put two put up prices twice in the last 2 weeks since mention of CB intervention.

    Prices have gone from €240k to €260k in 2 weeks for a 3 bed semi. No ****.


  • Registered Users, Registered Users 2 Posts: 3,528 ✭✭✭gaius c


    gaius c wrote: »
    They actually started before the CB announcement. Will post up a bar chart showing asking price change volatility on myhome when I find it. The market has no idea what real prices are and it's basically just guessing right now.

    In the meantime, FTB's without large cash gifts from mammy and daddy are just giving up on viewings because it's a waste of their time walking in the door to be told that there's already an offer 15K over asking.

    Got it.
    Source is Mantissa on the pin.

    ugAh0sj.png

    This chart isn't for increasing prices, it's for changes in the price once it's already been listed. Fair enough if all the changes are in one direction but the spread in both directions indicates that the market hasn't a clue where real pricing is at.


  • Closed Accounts Posts: 3,780 ✭✭✭Frank Lee Midere


    mr_seer wrote: »
    Spoke to an estate agent today who confirmed that viewings have been slowing steadily since April. In the last few weeks they are getting virtually nobody in to viewings. Prices would have fallen anyway I suspect but the new CB proposals will just accelerate the correction


    Daft is showing 3,460 houses for sale in Dublin which is about 1,100 higher than its minimum and growing fairly rapidly. If cash buyers are spooked by the changes ( if they think it's an inevitable rout) they will stay out.


  • Closed Accounts Posts: 3,780 ✭✭✭Frank Lee Midere


    gaius c wrote: »
    Got it.
    Source is Mantissa on the pin.

    ugAh0sj.png

    This chart isn't for increasing prices, it's for changes in the price once it's already been listed. Fair enough if all the changes are in one direction but the spread in both directions indicates that the market hasn't a clue where real pricing is at.

    Actually the trend is down. I agree though that fluctuations are utterly ridiculous.

    I am utterly perplexed by the kind of people who having not sold a property this year raise prices nevertheless. See that all over daft.

    And of course, conversely, asking prices might go down online but a seller with plenty of offers has no need to increase prices on daft or myhome.


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  • Registered Users, Registered Users 2 Posts: 23,901 ✭✭✭✭ted1


    assetcolum wrote: »
    Seeing alot of drops in the price of housing in Dublin since the CB announcement

    I can imagine it will drop even further as the months pass and especially after the budget

    What do you reckon will happen next year in regard to house prices in Dublin?

    FTB here and have been putting off buying for the past 2 years , i work overseas so plan to buy somewhere for 150k (with 100k deposit) and then let it out.



    Do you think it's a good idea if working overseas, i can't maintain the property myself ,do any of you have any recommendations for letting companies who will cover this for me?

    Thanks
    People won't sell at a reduced price, rents will increase.
    Buy to let's are the worst performing mortgages, the government have found a way to make these perform and thus avoiding another bail out.

    CGT relief is gone do it's another reason why investors won't sell.


  • Registered Users, Registered Users 2 Posts: 1,853 ✭✭✭Glenbhoy


    ted1 wrote: »
    People won't sell at a reduced price, rents will increase.
    Buy to let's are the worst performing mortgages, the government have found a way to make these perform and thus avoiding another bail out.

    CGT relief is gone do it's another reason why investors won't sell.

    The fact that the CGT scheme has not been extended is relevant to investors only in that they must hold the property for 7 years in order to avail of the relief.
    If people have to sell, they have to sell, they'd rather sell high obviously, but, if pressure is put on them to raise cash, they'll have to sell at whatever they can obtain.


  • Closed Accounts Posts: 16,096 ✭✭✭✭the groutch


    2. If anything the prices should be going up as people clamour to get their purchases made before any new rules come in requiring them to have larger deposits.

    Or it could just as easily be a case of people dropping their price a bit to get a sale agreed quickly, knowing that they might get even less again next year.


  • Registered Users, Registered Users 2 Posts: 23,901 ✭✭✭✭ted1


    Glenbhoy wrote: »
    If people have to sell, they have to sell, they'd rather sell high obviously, but, if pressure is put on them to raise cash, they'll have to sell at whatever they can obtain.

    With higher rent returns, less people will have to sell


  • Closed Accounts Posts: 3,780 ✭✭✭Frank Lee Midere


    ted1 wrote: »
    People won't sell at a reduced price, rents will increase.
    Buy to let's are the worst performing mortgages, the government have found a way to make these perform and thus avoiding another bail out.

    CGT relief is gone do it's another reason why investors won't sell.

    The CGT relief is for 7 years. After that people can and will sell if in profit. If BTL mortgages are the "worst performing" it's because landlords are already deliberately not paying their mortgage. There is plenty of money coming in.


  • Closed Accounts Posts: 992 ✭✭✭Barely Hedged


    mr_seer wrote: »
    Spoke to an estate agent today who confirmed that viewings have been slowing steadily since April. In the last few weeks they are getting virtually nobody in to viewings. Prices would have fallen anyway I suspect but the new CB proposals will just accelerate the correction

    What area(s) does he/she cover?


  • Closed Accounts Posts: 992 ✭✭✭Barely Hedged


    mr_seer wrote: »
    Spoke to an estate agent today who confirmed that viewings have been slowing steadily since April. In the last few weeks they are getting virtually nobody in to viewings. Prices would have fallen anyway I suspect but the new CB proposals will just accelerate the correction

    What area(s) does he/she cover?


  • Closed Accounts Posts: 992 ✭✭✭Barely Hedged


    gaius c wrote: »
    Got it.
    Source is Mantissa on the pin.

    ugAh0sj.png

    This chart isn't for increasing prices, it's for changes in the price once it's already been listed. Fair enough if all the changes are in one direction but the spread in both directions indicates that the market hasn't a clue where real pricing is at.

    An interesting graph but heavily biased by the fact that a small percentage of prices increases are published compared to price decreases


  • Registered Users, Registered Users 2 Posts: 130 ✭✭mr_seer


    What area(s) does he/she cover?

    Dublin North. He was referring to the whole Dublin market and got his information from their weekly sales meeting


  • Registered Users, Registered Users 2 Posts: 11 Celtic Runner


    The madness is still out there. Viewed a property during the week which had an asking price of 400k. It was the first viewing and according to the agent one couple bid 450k. Don't know why, but we went to view again this morning as that bid was subject to the couple selling their own property only to be told that another bid was lodged and the current bid was 470k. Maybe an exception rather than the rule but incredible to see a 70k jump in bids in the space of 2 days


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  • Registered Users, Registered Users 2 Posts: 6,003 ✭✭✭handlemaster


    The madness is still out there. Viewed a property during the week which had an asking price of 400k. It was the first viewing and according to the agent one couple bid 450k. Don't know why, but we went to view again this morning as that bid was subject to the couple selling their own property only to be told that another bid was lodged and the current bid was 470k. Maybe an exception rather than the rule but incredible to see a 70k jump in bids in the space of 2 days

    Not unusual asking price is unrealistically low to draw the crowd


  • Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    Not unusual asking price is unrealistically low to draw the crowd

    Most estate agents won't even take bids from buyers, subject to sale of their own property, anymore. The offer of 450k- should not have been accepted.


  • Banned (with Prison Access) Posts: 59 ✭✭assetcolum


    What kind of property is it ?

    Anyone who pays 470k for a property in Ireland is insane imo

    If you convert that to dollars that is well over half a million

    You could get an absolute Mansion in the States for that kind of money as opposed to a shoebox in Dublin with it's c**p weather and ugly sites


  • Closed Accounts Posts: 992 ✭✭✭Barely Hedged


    assetcolum wrote: »
    What kind of property is it ?

    Anyone who pays 470k for a property in Ireland is insane imo

    If you convert that to dollars that is well over half a million

    You could get an absolute Mansion in the States for that kind of money as opposed to a shoebox in Dublin with it's c**p weather and ugly sites

    Location, location location


  • Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    assetcolum wrote: »
    What kind of property is it ?

    Anyone who pays 470k for a property in Ireland is insane imo

    If you convert that to dollars that is well over half a million

    You could get an absolute Mansion in the States for that kind of money as opposed to a shoebox in Dublin with it's c**p weather and ugly sites

    Its all perception.
    Irish Central numbers thousands of Irish/Americans, who would up sticks and move (home) at the drop of a hat, given the opportunity.
    You may bitch about the weather- others will extoll the virtues of our uniquely beautiful landscapes, our largely unspoilt countryside, the hidden gems all round the country- and indeed, the way of life we live here. You may not appreciate these things- but if you go to live abroad for a few years- you'll rapidly develop a nostalgia for many of the little things that we take for granted here.

    Life isn't nearly as bad as most of us make out here- our politicians may be imbecilic morons- but we have a beautiful country, some of the best food in the world, and a way of life, second to none.


  • Registered Users, Registered Users 2 Posts: 23,901 ✭✭✭✭ted1


    assetcolum wrote: »
    What kind of property is it ?

    Anyone who pays 470k for a property in Ireland is insane imo

    If you convert that to dollars that is well over half a million

    You could get an absolute Mansion in the States for that kind of money as opposed to a shoebox in Dublin with it's c**p weather and ugly sites
    I quite like Dublin, the prices here are comparable to other cities in developed countries.
    If you don't like it here, then why stay? i'll drive you to the airport.


  • Banned (with Prison Access) Posts: 59 ✭✭assetcolum


    Its all perception.
    Irish Central numbers thousands of Irish/Americans, who would up sticks and move (home) at the drop of a hat, given the opportunity.
    You may bitch about the weather- others will extoll the virtues of our uniquely beautiful landscapes, our largely unspoilt countryside, the hidden gems all round the country- and indeed, the way of life we live here. You may not appreciate these things- but if you go to live abroad for a few years- you'll rapidly develop a nostalgia for many of the little things that we take for granted here.

    Life isn't nearly as bad as most of us make out here- our politicians may be imbecilic morons- but we have a beautiful country, some of the best food in the world, and a way of life, second to none.

    I do agree with you on that but i have lived in OZ, Zurich,USA etc and while i do feel Ireland has its perks i have to admit the price of property for the actual quality of it is obscene

    Buddies of mine have bought practically Mansions compared to whats on offer here in Phoenix, Miami , California etc

    All over 2000sq ft and most importantly all under 250k Euro

    Your post does make sense but when you think long term i feel Ireland is slowly losing it's identity , just look at since we joined the EU which is only a short time ago in the scheme of things (14 years or so) look at how much Ireland has changed for the worst and think about how bad it will get while we are still in the EU/Don't have tough immigration laws like OZ/USA/Canada etc


    Sure ask any yank who visits Ireland they can't even find any Irish people in Dublin city center anymore


    Tourism will also go down the drain as mass immigration takes it's grip


  • Banned (with Prison Access) Posts: 59 ✭✭assetcolum


    ted1 wrote: »
    I quite like Dublin, the prices here are comparable to other cities in developed countries.
    If you don't like it here, then why stay? i'll drive you to the airport.

    I'll drive myself thank you very much


    I work overseas (rigs) and i have a deposit saved up (100k) i just feel it would be a waste to dump it into property in Dublin , can't justify it what soever

    I am from Dublin myself but can only see it getting worse

    No value for money either


  • Registered Users, Registered Users 2 Posts: 11 Celtic Runner


    True, all about the location.

    The property is a 3 bed semi in Portmarnock about 2 mins walk from the beach. We knew that the property would go for more than 400k but were surprised to see it jump 70k in two days.


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  • Registered Users, Registered Users 2 Posts: 56 ✭✭spin777


    I think the CB will scale down the restriction possibly 15% deposit and 4-4.5 times earnings. Market will react with buyers being nervous to buy early in the year, but demand and prices should start to increase again gradually in the second half of the year and level out mid 2016. Maybe 5% increase in 2015, nothing like we saw this year.

    I think the government made a big mistake by not giving an incentive in the budget to increase supply. If government surpress prices too much developers won't build. Increasing supply is essential to solving the demand and rental crisis.


  • Closed Accounts Posts: 3,780 ✭✭✭Frank Lee Midere


    ted1 wrote: »
    I quite like Dublin, the prices here are comparable to other cities in developed countries.
    If you don't like it here, then why stay? i'll drive you to the airport.

    Dublins prices are amongst the worlds most expensive which is why people compare to London, New York etc rather than say Birmingham. It's really not justified except Irish people love housing panics.


  • Closed Accounts Posts: 3,780 ✭✭✭Frank Lee Midere


    spin777 wrote: »
    I think the CB will scale down the restriction possibly 15% deposit and 4-4.5 times earnings. Market will react with buyers being nervous to buy early in the year, but demand and prices should start to increase again gradually in the second half of the year and level out mid 2016. Maybe 5% increase in 2015, nothing like we saw this year.

    I think the government made a big mistake by not giving an incentive in the budget to increase supply. If government surpress prices too much developers won't build. Increasing supply is essential to solving the demand and rental crisis.

    The CB is being told what to do by the ECB. Correctly in this case because we have proven we can't have nice things.

    Houses in Dublin shouldn't be the price they are. Wishing that the level be 4-4.5 and deposit be 15% is demanding prices rise again on limited supply.

    Basically after nearly destroying the economy on the last bubble some people want the same thing again


  • Registered Users, Registered Users 2 Posts: 56 ✭✭spin777


    The CB is being told what to do by the ECB. Correctly in this case because we have proven we can't have nice things.

    Houses in Dublin shouldn't be the price they are. Wishing that the level be 4-4.5 and deposit be 15% is demanding prices rise again on limited supply.

    Basically after nearly destroying the economy on the last bubble some people want the same thing again

    I didn't say that is what I wish, but it is what I predict. Supply, supply, supply is the only thing that can definitely solve the rental crisis. Making it harder for a ftb is going to increase the rental demand unless supply can correct both issues.


  • Registered Users, Registered Users 2 Posts: 2,648 ✭✭✭desertcircus


    assetcolum wrote: »
    I do agree with you on that but i have lived in OZ, Zurich,USA etc and while i do feel Ireland has its perks i have to admit the price of property for the actual quality of it is obscene

    Buddies of mine have bought practically Mansions compared to whats on offer here in Phoenix, Miami , California etc

    All over 2000sq ft and most importantly all under 250k Euro

    Your post does make sense but when you think long term i feel Ireland is slowly losing it's identity , just look at since we joined the EU which is only a short time ago in the scheme of things (14 years or so) look at how much Ireland has changed for the worst and think about how bad it will get while we are still in the EU/Don't have tough immigration laws like OZ/USA/Canada etc


    Sure ask any yank who visits Ireland they can't even find any Irish people in Dublin city center anymore


    Tourism will also go down the drain as mass immigration takes it's grip

    If you can't see an Irish person in Dublin city centre, you're blind.


  • Registered Users, Registered Users 2 Posts: 3,528 ✭✭✭gaius c


    Actually the trend is down. I agree though that fluctuations are utterly ridiculous.

    I am utterly perplexed by the kind of people who having not sold a property this year raise prices nevertheless. See that all over daft.

    And of course, conversely, asking prices might go down online but a seller with plenty of offers has no need to increase prices on daft or myhome.

    The simplest way to explain it is that vendors are effectively holding the market to ransom. If you want to buy a house, it doesn't matter if the vendor hasn't made a mortgage payment in years, you need to pay whatever price they name in the hope that the house might actually be for sale at some price and that the vendor isn't stringing you alone just to keep the bank off their backs.

    And if you don't like it, tough because most of the other vendors are doing the same. I say most, not all because there are some sales that are going through quietly and without fuss but they get lost in all the fuss about €500k houses in Dundrum.

    It's all down to foreclosure stuffing. That dam has to break at some stage. 8.2% of habitable units in Dublin were vacant in the 2011 census. Any "shortage" of supply is entirely artificial.


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  • Registered Users, Registered Users 2 Posts: 3,528 ✭✭✭gaius c


    assetcolum wrote: »
    Sure ask any yank who visits Ireland they can't even find any Irish people in Dublin city center anymore


    Tourism will also go down the drain as mass immigration takes it's grip
    Welcome to boards.ie Charlie Chawke.


  • Registered Users, Registered Users 2 Posts: 1,269 ✭✭✭Piriz


    assetcolum wrote: »
    What kind of property is it ?

    Anyone who pays 470k for a property in Ireland is insane imo

    If you convert that to dollars that is well over half a million

    You could get an absolute Mansion in the States for that kind of money as opposed to a shoebox in Dublin with it's c**p weather and ugly sites

    seriously stupid comment...


  • Banned (with Prison Access) Posts: 59 ✭✭assetcolum


    Piriz wrote: »
    seriously stupid comment...

    How so?


  • Registered Users, Registered Users 2 Posts: 23,901 ✭✭✭✭ted1


    Dublins prices are amongst the worlds most expensive which is why people compare to London, New York etc rather than say Birmingham. It's really not justified except Irish people love housing panics.

    What's the GDP of Birmingham? What's the average salary compared to Dublin? how much do those on benefits recieve compared to those here? Is Birmingham a capital city ? Does it have a coast line?


  • Registered Users, Registered Users 2 Posts: 2,033 ✭✭✭who_ru


    spin777 wrote: »

    I think the government made a big mistake by not giving an incentive in the budget to increase supply. If government surpress prices too much developers won't build. Increasing supply is essential to solving the demand and rental crisis.

    That wasn't a mistake, it is govt policy to increase house prices in order to improve bank balance sheets. Increasing supply will not help this.


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  • Registered Users, Registered Users 2 Posts: 306 ✭✭NZ_2014


    who_ru wrote: »
    That wasn't a mistake, it is govt policy to increase house prices in order to improve bank balance sheets. Increasing supply will not help this.

    Well if they got for arguments sake €10,000 in tax for the sale of 100 houses at €100,000 thats €1million.

    Get €15,000 in tax for the sale of 60 houses at €150,000 each thats €900,000. Have they done the maths? (not saying that I have!)


  • Registered Users, Registered Users 2 Posts: 3,528 ✭✭✭gaius c


    NZ_2014 wrote: »
    Well if they got for arguments sake €10,000 in tax for the sale of 100 houses at €100,000 thats €1million.

    Get €15,000 in tax for the sale of 60 houses at €150,000 each thats €900,000. Have they done the maths? (not saying that I have!)

    They need to prop up valuations of existing stock in order to make the banks look healthier than they are.


  • Registered Users, Registered Users 2 Posts: 1,269 ✭✭✭Piriz


    assetcolum wrote: »

    Anyone who pays 470k for a property in Ireland is insane imo

    If you convert that to dollars that is well over half a million

    You could get an absolute Mansion in the States for that kind of money as opposed to a shoebox in Dublin with it's c**p weather and ugly sites
    Piriz wrote: »
    seriously stupid comment...
    assetcolum wrote: »
    How so?


    You think anyone who pays 470k for a property in Dublin is insane...you say this as a blanket statement...it is stupid to do this for a start.. then you attempt to tell us what 470k converts to in dollars as if we are all American and this will make more sense to us... then you suggest that any mansion in the States (locations unspecified) is better than any "shoebox" in this price range in Dublin and reference crap weather and ugly sites (?) insinuating everywhere in the states where these mansions are available has better weather and nice sites and that properties in Dublin in this price range are "shoeboxes".
    Also just because a mansion is big does not mean it is better all things considered and definitely does not mean it deserves a capitol letter..(see above). There is so many other factors you failed to recognise about Dublin in your post it definitely deserved to be called stupid (no offence)!


  • Closed Accounts Posts: 992 ✭✭✭Barely Hedged


    assetcolum wrote: »
    I do agree with you on that but i have lived in OZ, Zurich,USA etc and while i do feel Ireland has its perks i have to admit the price of property for the actual quality of it is obscene

    Buddies of mine have bought practically Mansions compared to whats on offer here in Phoenix, Miami , California etc

    All over 2000sq ft and most importantly all under 250k Euro

    So that applies to eveywhere in the USA. 250k for 2000sq ft in Manhattan, Napa Valley, Downtown Chicago etc?

    Isnt Phoneix surrounded by desert - desert cheap to buy and builds are made from wood?

    Isnt Miami swap and marshland - swap and marshland cheap to buy and builds are made from wood?

    California - well what parts of California are we talking about?
    assetcolum wrote: »
    Your post does make sense but when you think long term i feel Ireland is slowly losing it's identity , just look at since we joined the EU which is only a short time ago in the scheme of things (14 years or so) look at how much Ireland has changed for the worst and think about how bad it will get while we are still in the EU/Don't have tough immigration laws like OZ/USA/Canada etc

    I dont know where to start with this comment but its the sort of one id imagine seeing on the comment page of the Daily Mail website.
    assetcolum wrote: »
    Tourism will also go down the drain as mass immigration takes it's grip

    Just like tourism has gone down the drain in the USA with all its immigration


  • Registered Users, Registered Users 2 Posts: 6,003 ✭✭✭handlemaster




  • Registered Users, Registered Users 2 Posts: 658 ✭✭✭johnp001


    From the indo
    "In Cavan, the price increase was a startling 30pc."

    In Cavan a block of 58 apartments was sold in January for 20k each and a block of 44 apartments in March for 11k each. The median value fell from €100k to €13k between Nov 2013 and Mar 2014. The 30% increase is off that low level, the trajectory of Cavan house prices is still downward.
    http://propertypriceregisterireland.com/graphs/?action=search&type=county&id=cavan

    Article also mentions Westmeath prices increasing by 27.7%.
    PPR shows a graph of prices at levels below those of last year.
    http://propertypriceregisterireland.com/graphs/?action=search&type=county&id=westmeath

    With a low volume of transactions it will always be possible to pick a moment in time with a dramatic increase and then write an article about it.
    There were no articles in the media stating "Cavan property prices drop 87% in 4 months" which was equally as true as the figures being referenced in this article, and equally misleading.


  • Registered Users, Registered Users 2 Posts: 2,033 ✭✭✭who_ru


    johnp001 wrote: »
    From the indo


    In Cavan a block of 58 apartments was sold in January for 20k each and a block of 44 apartments in March for 11k each. The median value fell from €100k to €13k between Nov 2013 and Mar 2014. The 30% increase is off that low level, the trajectory of Cavan house prices is still downward.
    http://propertypriceregisterireland.com/graphs/?action=search&type=county&id=cavan

    Article also mentions Westmeath prices increasing by 27.7%.
    PPR shows a graph of prices at levels below those of last year.
    http://propertypriceregisterireland.com/graphs/?action=search&type=county&id=westmeath

    With a low volume of transactions it will always be possible to pick a moment in time with a dramatic increase and then write an article about it.
    There were no articles in the media stating "Cavan property prices drop 87% in 4 months" which was equally as true as the figures being referenced in this article, and equally misleading.

    totally correct. terrible 'journalism' again by the independent.


  • Registered Users, Registered Users 2 Posts: 3,528 ✭✭✭gaius c


    johnp001 wrote: »
    From the indo


    In Cavan a block of 58 apartments was sold in January for 20k each and a block of 44 apartments in March for 11k each. The median value fell from €100k to €13k between Nov 2013 and Mar 2014. The 30% increase is off that low level, the trajectory of Cavan house prices is still downward.
    http://propertypriceregisterireland.com/graphs/?action=search&type=county&id=cavan

    Article also mentions Westmeath prices increasing by 27.7%.
    PPR shows a graph of prices at levels below those of last year.
    http://propertypriceregisterireland.com/graphs/?action=search&type=county&id=westmeath

    With a low volume of transactions it will always be possible to pick a moment in time with a dramatic increase and then write an article about it.
    There were no articles in the media stating "Cavan property prices drop 87% in 4 months" which was equally as true as the figures being referenced in this article, and equally misleading.

    Yes and no. They specifically state "3 bed semi" as their metric so that should exclude those apartments but they are estate agents so I wouldn't believe a word coming out of their mouths.
    That said, you've done far more research than the indo did with the article so good work in exposing yet more property pimping by our press!

    The second half of the article is interesting as they try to spin the definite cool down in the capital.


  • Registered Users, Registered Users 2 Posts: 13,189 ✭✭✭✭jmayo


    Dublins prices are amongst the worlds most expensive which is why people compare to London, New York etc rather than say Birmingham. It's really not justified except Irish people love housing panics.

    Ssshhhhhh.
    How dare you compare our beloved capital, home of all those mighty Irish (sorry US companies seeking tax clearing facilities) multinationals,
    to some city with a large population in another country.
    If you can't see an Irish person in Dublin city centre, you're blind.

    Ohh you see lots of Irish poeple in our capital's city centre.
    Of course seeing homeless, beggars, drunks, and junkies may not be the sight most tourists want.
    Then again some would say they copperfasten the historical Irish sterotypes.
    ted1 wrote: »
    What's the GDP of Birmingham? What's the average salary compared to Dublin? how much do those on benefits recieve compared to those here? Is Birmingham a capital city ? Does it have a coast line?

    So now having a coastline and being a capital means we are comparable to every major capital city in the world ?

    Why do some Irish people often have delusions of grandeur and an assumption that we are so special.

    I am not allowed discuss …



  • Registered Users, Registered Users 2 Posts: 23,901 ✭✭✭✭ted1


    jmayo wrote: »


    So now having a coastline and being a capital means we are comparable to every major capital city in the world ?

    Why do some Irish people often have delusions of grandeur and an assumption that we are so special.
    In any city you go to coastal areas then to have a higher price than inland cities, Birmingham is slsp bang in the middle of the country. With property its location, location, location and the fact Alone means that the two are not comparable.

    Also capital cities tend to attract a higher price and are the centre of commerce so wages are higher than other cities in the country, look at Dublin prices V cork prices.


    So you can compare the two.

    Even if you use Manchester you'll see Dublin is better. http://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Ireland&country2=United+Kingdom&city1=Dublin&city2=Manchester


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