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Property Market 2015

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    #3632
    billymitchell
    Registered Users Posts: 11,996 ✭✭✭✭billymitchell


    Is there any site around that can give you the year on year (or month by month) breakdown of asking / selling prices changes in an particular area?

    It seems like the data is all there(PPR for selling prices and myhome/collapso for price changes), just a matter of putting it all together.


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    #3633
    sweetie
    Registered Users Posts: 9,791 ✭✭✭sweetie


    billymitchell wrote: »
    Is there any site around that can give you the year on year (or month by month) breakdown of asking / selling prices changes in an particular area?

    It seems like the data is all there(PPR for selling prices and myhome/collapso for price changes), just a matter of putting it all together.

    thepropertypin.com does have great stats and tables on it


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    #3634
    billymitchell
    Registered Users Posts: 11,996 ✭✭✭✭billymitchell


    sweetie wrote: »
    thepropertypin.com does have great stats and tables on it

    Do you have a link to any of those stats / tables on the site?
    I had a look, but when I clicked into the area specific forums, the are no real posts for weeks/ months on end


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    #3635
    Shedite27
    Registered Users Posts: 9,389 ✭✭✭Shedite27


    seamus wrote: »
    No website, no brochures, not even a location described. And they expect people to jump in and start asking to buy off the plans before they've even broken ground.

    In fact, I would be 99% sure it's this http://www.sdublincoco.ie/index.aspx?pageid=144&regref=SD15A/0150 (Allsops were appointed receivers of Maplewood Residential), so they're inviting prospective buyers before they even have planning permission.
    Showhouse early next year apparently


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    #3636
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    There doesnt seem to be much new stock coming on the market in Dublin. I suppose the next wake will be next year march/april


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    #3637
    I Am The Law
    Registered Users Posts: 657 ✭✭✭I Am The Law


    handlemaster wrote: »
    There doesnt seem to be much new stock coming on the market in Dublin. I suppose the next wake will be next year march/april

    The amount of stock for sale in Limerick is very low and very little coming onto the market, I wonder what people are waiting for?


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    #3638
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,283 Mod ✭✭✭✭The_Conductor


    lawred2 wrote: »
    by just using the PPR I get

    Jul - 1380
    Aug - 1142
    Sep - 1219
    Oct - 1098
    Nov - 341 (obv not a complete month)

    consistent enough

    Thats total sales in arrears- and contains both mortgage and cash sales. The CSO figures are related solely to mortgage drawdowns- and are 'normalised' by using the averages of the current month- along with the averages of the two immediately preceding months- and dividing by 3- to remove sudden spikes or troughs from the figures. So- even if its says its an 'October' figure- its not- it the average of August, September and October- so there is isn't a sudden increase or decrease in the figures........


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    #3639
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    I Am The Law wrote: »
    The amount of stock for sale in Limerick is very low and very little coming onto the market, I wonder what people are waiting for?

    I cant imagine the demand for limerick been very high


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    #3640
    who_ru
    Registered Users Posts: 2,033 ✭✭✭who_ru


    handlemaster wrote: »
    I cant imagine the demand for limerick been very high

    Demand is high, both for rental and sale, some big job announcements recently helping push up demand. But the single biggest factor is little or no supply and dwindling stock on the market. <400 units for sale in the entire city.


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    #3641
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,283 Mod ✭✭✭✭The_Conductor


    Does anyone know if the CSO release 'actual' monthly figures anywhere- or whether they have 'normalised' all the data they release (by giving you an updated 3 month rolling average)? I'd love to see actual spot figures.........

    I'd also love to know whats happening with mortgage drawdowns- given it appears most lenders are openly admitting to having given out all their allowable mortgages over the limits- and are actively pushing draw-down dates into the future......... This would serve to show a slowdown for Nov/Dec- and an uncharacteristic bounce for Jan/Feb


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    #3642
    leinsterdude
    Registered Users Posts: 523 ✭✭✭leinsterdude


    handlemaster wrote: »
    I cant imagine the demand for limerick been very high

    Have you been in Limerick recently, and I do not mean a breeze through the city centre, it has developed so much, as the op mentioned, job creation is strong there, Im not from there, but as I travel the whole country with work, and had not seen Limerick in maybe 10 years up until a few months ago, I was very surprised how expanded it is now, same for quite a few areas across the island, but not all, the roads have indeed made the country smaller.


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    #3643
    DublinDilbert
    Registered Users Posts: 5,372 ✭✭✭DublinDilbert


    How does the sale by a developer of 44 housing units in waterville / Dublin 15 to fingal reflect on the current housing market? These houses aren't in a bad location, very close to N3, blanchardstown center etc... Not cheap by any means, but not mad money either.

    We are told prices have to rise to encourage building, but when building is completed they weren't able to sell the units on the open market, what does that say?


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    #3644
    who_ru
    Registered Users Posts: 2,033 ✭✭✭who_ru


    DublinDilbert wrote: »

    We are told prices have to rise to encourage building, but when building is completed they weren't able to sell the units on the open market, what does that say?

    We're being lied to is my guess.


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    #3645
    athtrasna
    Closed Accounts Posts: 13,420 ✭✭✭✭athtrasna


    DublinDilbert wrote: »
    How does the sale by a developer of 44 housing units in waterville / Dublin 15 to fingal reflect on the current housing market? These houses aren't in a bad location, very close to N3, blanchardstown center etc... Not cheap by any means, but not mad money either.

    We are told prices have to rise to encourage building, but when building is completed they weren't able to sell the units on the open market, what does that say?

    The thing is they would have sold no problem on the open market. Waterville is a prime location and property sells fast. The developer opted for the easy ride, one legal transaction rather than 44.

    Rossan Court was never on the open market.


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    #3646
    The Mulk
    Registered Users Posts: 1,305 ✭✭✭The Mulk


    We were in the middle of a chain, went sale agreed after 3 weeks and took the property off the market, everything going well until yesterday when our buyer pulled out, we were in the solicitors office this morning to counter sign the contract when she informed us!
    Going to have to go back to the market in the new year now, and don't know whether the house we're buying will wait.

    Pretty p*ssed off. Don't know how strong the market will be in the New Year


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    #3647
    leinsterdude
    Registered Users Posts: 523 ✭✭✭leinsterdude


    feel for you, very unfair of the seller.


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    #3648
    lawred2
    Registered Users Posts: 24,315 ✭✭✭✭lawred2


    athtrasna wrote: »
    The thing is they would have sold no problem on the open market. Waterville is a prime location and property sells fast. The developer opted for the easy ride, one legal transaction rather than 44.

    Rossan Court was never on the open market.

    why would the developer want to do that?


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    #3649
    lawred2
    Registered Users Posts: 24,315 ✭✭✭✭lawred2


    leinsterdude wrote: »
    feel for you, very unfair of the seller.

    the buyer pulled out

    nowt to do with the seller


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    #3650
    Bob24
    Registered Users Posts: 10,905 ✭✭✭✭Bob24


    lawred2 wrote: »
    the buyer pulled out

    nowt to do with the seller

    And everything to do with the complete lack of regulations/processes to confirm buyers are solvent and financially committed once a property goes sale agreed.

    I wouldn't even blame the buyer - they are just doing what the system allows them to do.


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    #3651
    The Mulk
    Registered Users Posts: 1,305 ✭✭✭The Mulk


    Bob24 wrote: »
    And everything to do with the complete lack of regulations/processes to confirm buyers are solvent and financially committed once a property goes sale agreed.

    I wouldn't even blame the buyer - they are just doing what the system allows them to do.

    A bit crappy alright, i don't think it was anything to do with funding, just changed their minds, a bit cowardly the way they carried on though. A one-line e-mail.
    I wouldn't really mind but they put pressure on us originally to accept their offer(asking price) and take it off the market, they seemed to be fairly anxious to get the house.


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    #3652
    Bob24
    Registered Users Posts: 10,905 ✭✭✭✭Bob24


    The Mulk wrote: »
    A bit crappy alright, i don't think it was anything to do with funding, just changed their minds, a bit cowardly the way they carried on though. A one-line e-mail.
    I wouldn't really mind but they put pressure on us originally to accept their offer(asking price) and take it off the market, they seemed to be fairly anxious to get the house.

    Surely it is unpleasant for you, but as long as there was no legal commitment on their side they were not really doing anything wrong.

    These (numerous) annoying surprises could easily be solved by binding contracts whereby properties go sale agreed and/or non-refundable deposits.


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    #3653
    lawred2
    Registered Users Posts: 24,315 ✭✭✭✭lawred2


    Bob24 wrote: »
    Surely it is unpleasant for you, but as long as there was no legal commitment on their side they were not really doing anything wrong.

    These (numerous) annoying surprises could easily be solved by binding contracts whereby properties go sale agreed and/or non-refundable deposits.

    non refundable deposits on new builds put some serious manners on you...

    I had every single i dotted and t crossed before I committed to handing over our deposit..


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    #3654
    The Mulk
    Registered Users Posts: 1,305 ✭✭✭The Mulk


    lawred2 wrote: »
    non refundable deposits on new builds put some serious manners on you...

    I had every single i dotted and t crossed before I committed to handing over our deposit..

    Our solicitor actually had a 10% per cent deposit from them!
    But there were conditions in their contract which meant they could pull out right up until the last minute, until the bank had issued a cheque.
    This is our first time selling a house , so were unsure of the whole process.
    Al least we hadn't signed for the house we were buying


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    #3655
    DublinDilbert
    Registered Users Posts: 5,372 ✭✭✭DublinDilbert


    lawred2 wrote: »
    why would the developer want to do that?

    Exactly, also when we are tile prices are rising 3-4% per year. I don't buy that the developer didn't want the hassle. It took the developer a long time to shift all of the other phase.


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    #3656
    athtrasna
    Closed Accounts Posts: 13,420 ✭✭✭✭athtrasna


    DublinDilbert wrote: »
    Exactly, also when we are tile prices are rising 3-4% per year. I don't buy that the developer didn't want the hassle. It took the developer a long time to shift all of the other phase.

    It didn't though. The latest release for Brandon Square sold really quickly. Rossan only has 44 houses I can't see any issue with that selling privately. Property (without issues) in Waterville is selling and renting very fast. My former housemate went from offer to keys in three weeks last month!


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    #3657
    Rew
    Moderators, Sports Moderators Posts: 8,679 Mod ✭✭✭✭Rew


    NAMA to seek joint venture partners for €5.6 billion plan to build 20,000 new homes:

    http://www.rte.ie/news/business/2015/1203/750994-nama/


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    #3658
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    Nama getting in on election mode


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    #3659
    matrim
    Registered Users Posts: 7,518 ✭✭✭matrim


    Rew wrote: »
    NAMA to seek joint venture partners for €5.6 billion plan to build 20,000 new homes:

    http://www.rte.ie/news/business/2015/1203/750994-nama/

    "starter homes" i.e. everyone back on the ladder


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    #3660
    Rew
    Moderators, Sports Moderators Posts: 8,679 Mod ✭✭✭✭Rew


    matrim wrote: »
    "starter homes" i.e. everyone back on the ladder

    Id hope that supply + mortgage regs = lower more affordable prices but I know little to nothing about economics etc so who knows.


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    #3661
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,283 Mod ✭✭✭✭The_Conductor


    matrim wrote: »
    "starter homes" i.e. everyone back on the ladder

    Here we go again.........
    Is no-one going to pull up the Minister on this lark.........
    Its not a 'starter home'- if you can't progress beyond it.........
    How many of us are trying to bring up children in wholly unsuitable properties- because we bought 'starter homes'?
    I'm actually getting really angry at this stage.


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