Irish Property Market 2020 Part 2

Reins

Does anyone know off the top of their head what percentage has Dublin property prices increased by ,looking for Nov '19 to Nov '20?(roughly) thanks

thefridge2006

Graham wrote: »

Are you reading a different article?

Ah sorry, everything will be back to normal in 2022 so.... get real.

Whats the stages of a recession?
Denial ?
Anger ?
Bargaining ?
Acceptance?

cnocbui

thefridge2006 wrote: »

Ah sorry, everything will be back to normal in 2022 so.... get real.

Whats the stages of a recession?
Denial ?
Anger ?
Bargaining ?
Acceptance?

Believing an article's predictions about the future as if it's certainty - get real.

thefridge2006

Reins wrote: »

Does anyone know off the top of their head what percentage has Dublin property prices increased by ,looking for Nov '19 to Nov '20?(roughly) thanks

Roughly house prices fell by 2%

TheSheriff

thefridge2006 wrote: »

Ah sorry, everything will be back to normal in 2022 so.... get real.

Whats the stages of a recession?
Denial ?
Anger ?
Bargaining ?
Acceptance?

So now we shouldn't believe the article ? You posted it with a narrative that's it's a sign of a huge crash ?

Your not even making sense to be honest.

Perhaps read and understand the article before linking to it ?

Graham

thefridge2006 wrote: »

Ah sorry, everything will be back to normal in 2022 so.... get real.

Whats the stages of a recession?
Denial ?
Anger ?
Bargaining ?
Acceptance?

You're cherry-picking the 'warning-lights' in the article that support your conclusion but ignoring the actual conclusion?

Gotcha.

thefridge2006

cnocbui wrote: »

Believing an article's predictions about the future as if it's certainty - get real.

You're in between denial and anger it would seem

thefridge2006

TheSheriff wrote: »

So now we shouldn't believe the article ? You posted it with a narrative that's it's a sign of a huge crash ?

Your not even making sense to be honest.

Perhaps read and understand the article before linking to it ?

Is it a sign of prosperity ?

Timing belt

thefridge2006 wrote: »

You're in between denial and anger it would seem

Have you read the actual moody report? They are calling out Southern Europe and UK as the risky areas because of tourism and Brexit. The report is on Europe and not Ireland specifically.

thefridge2006

Timing belt wrote: »

Have you read the actual moody report? They are calling out Southern Europe and UK as the risky areas because of tourism and Brexit. The report is on Europe and not Ireland specifically.

forgot Brexit doesn't affect us here and that we're different, our economy will withstand a world-wide or European issue or major recession....

Timing belt

thefridge2006 wrote: »

forgot Brexit doesn't affect us here and that we're different, our economy will withstand a world-wide or European issue or major recession....

Read the report before predicting a crash they are saying what we all know that tourism retail hospitality are hit hard and this will impact house prices mainly in countries dependent on tourism as it is one of their biggest parts of the economy. Uk is singled out for Brexit and because during 2020 house prices have shot up. The need for more social housing is for people in rent arrears. Add on top of this they are talking about a 3-5% drop...it certainly doesn’t talk about a crash.

TheSheriff

thefridge2006 wrote: »

You're in between denial and anger it would seem

So what point are you at ? Delusion?

Reins

thefridge2006 wrote: »

Roughly house prices fell by 2%

Area I'm looking in has an increase of between 10/15% :eek:

fliball123

Reins wrote: »

Area I'm looking in has an increase of between 10/15% :eek:

Where is that?

Reins

fliball123 wrote: »

Where is that?

Newcastle Co.Dublin

https://propertypriceregisterireland.com/details/41_newcastle_manor_square_newcastle_dublin_22_co_dublin_ireland-425785/

https://www.daft.ie/dublin/houses-for-sale/newcastle/23-newcastle-manor-square-newcastle-dublin-2648282/

Exact same interior just a different front. More expensive one is a terrace, other one is an end terrace.

Nuts!

AssetBacked2

thefridge2006 wrote: »

Covid-19 will worsen housing affordability, report warns

https://www.irishtimes.com/business/economy/covid-19-will-worsen-housing-affordability-report-warns-1.4416994

Is it starting to hit home a bit more. This report is painting an extremely bleak picture.

The property bulls might want to look away

In Paris, it said the average home buyer needed about 23 times the average annual disposable income to purchase a 70sq m property in 2019, compared with 11 times in Madrid.

Dublin had the third-highest ratio, behind Paris and Amsterdam, with home buyers needing 17 times the average annual disposable income to purchase a basic living unit.

Oof, well at least it's not just an Irish problem. How do we make house prices climb down from their dizzying heights in a significant way?

ongarite

Reins wrote: »

Area I'm looking in has an increase of between 10/15% :eek:

Same here, places in looking at in D15 are going 10-15% above asking.
Lack of available property in walk-in condition is driving up prices.

fliball123

ongarite wrote: »

Same here, places in looking at in D15 are going 10-15% above asking.
Lack of available property in walk-in condition is driving up prices.

Are you sure its not just the properties you are looking at both of you. Not saying some might be up 10/15% but not all surely

Reins

ongarite wrote: »

Same here, places in looking at in D15 are going 10-15% above asking.
Lack of available property in walk-in condition is driving up prices.

Am not talking about what increases they're getting at bidding and beyond. These are advertised at prices way up on last years prices. one link I put up had an asking price of 254k and sold 20/12/19 for 258.5k

One year later very similar house around the corner is asking 295k!

Reins

fliball123 wrote: »

Are you sure its not just the properties you are looking at both of you. Not saying some might be up 10/15% but not all surely

It seems to be across the board in the estate I'm interested in and I'm not interested in all that's for sale there.

brisan

Reins wrote: »

Newcastle Co.Dublin

https://propertypriceregisterireland.com/details/41_newcastle_manor_square_newcastle_dublin_22_co_dublin_ireland-425785/

https://www.daft.ie/dublin/houses-for-sale/newcastle/23-newcastle-manor-square-newcastle-dublin-2648282/

Exact same interior just a different front. More expensive one is a terrace, other one is an end terrace.

Nuts!

Is the expensive one the house with the seomra out the back

Reins

brisan wrote: »

Is the expensive one the house with the seomra out the back

Yes

I'd favour an end Terrace over a Seomra any day.

My friend got one cost her 5k (shopped around)

brisan

Reins wrote: »

Yes

I'd favour an end Terrace over a Seomra any day.

My friend got one cost her 5k (shopped around)

So would I
But other people will see the seomra as a ready to go home office or teenage den
Your friend done exceptionally well to get a half decent seomra for 5 K , they normally cost substantially more

Reins

brisan wrote: »

So would I
But other people will see the seomra as a ready to go home office or teenage den
Your friend done exceptionally well to get a half decent seomra for 5 K , they normally cost substantially more

Yes, the home office is a big plus for people these days I guess.

Loghouse in Bray if you're in the market for one

brisan

Reins wrote: »

Yes, the home office is a big plus for people these days I guess.

Loghouse in Bray if you're in the market for one

Retiring next year so need for one
Done six weeks in an office after I done my leaving cert
Swore I would never spend another day in an office after that and I never have

JimmyVik

brisan wrote: »

So would I
But other people will see the seomra as a ready to go home office or teenage den
Your friend done exceptionally well to get a half decent seomra for 5 K , they normally cost substantially more

Only if they are made by seomra

Cyrus

JimmyVik wrote: »

Only if they are made by seomra

no, if they are made properly, there are a few threads where people have made their own in the DIY section and its still cost them over 5k and they have no labour costs,

you can get a shed for 5k, not a proper outdoor building.

brisan

JimmyVik wrote: »

Only if they are made by seomra

Well it can’t legally be called a seomra if it’s not built by Seomra
I asked was that a seomra in the back garden and the poster replied yes
He so said he knows someone who got one for 5 k
As seomra was the only brand mentioned in the conversations it is safe to assume the 5k was for a seomra

JimmyVik

Pop a chill pill guys.

What I meant is they normally cost substantially more if they are made by Seomra.
You can get practically the same thing for less than a quarter the price of the seomra models.
As Mary Hearney used to say. Shop around.

Cyrus

JimmyVik wrote: »

You can get practically the same thing for less than a quarter the price of the seomra models.

you really cant, maybe half, if you want to do some work yourself, but not a quarter