Property Market 2016

This post has been deleted.

seamus

The_Conductor wrote: »

Its next door to Ringsend- and is in the catchment area for two Deise schools (schools with additional resources for deprived areas.......- I'm not joking.......)

You're paying for an address- purely for an address- and the value of that address I'd argue is questionable.........

This. The value in Sandymount is in the coastal properties with nice views and access to the DART.

The stuff off the beach like this is basically Ringsend/Grand Canal Dock. Have a walk around during the daytime and it's on a par with former council areas in Crumlin/Kimmage.

That is, not awful but a long, long way from €550k.

Bob24

IvoryTower wrote: »

would i be right in saying I would need a 55k deposit and pay 2k a month for 35 years to live in a council house

Just keep saying this in you head ;-)

IvoryTower wrote: »

would i be right in saying I would need a 55k deposit and pay 2k a month for 35 years to live in a council house

no

you'd need about a 75k deposit as a first time buyer

or

110k if you're not

to live in a council house with views of a gym and a shed

lol

IvoryTower wrote: »

would i be right in saying I would need a 55k deposit and pay 2k a month for 35 years to live in a council house

Yep- thats the a good summation.........

IvoryTower

would i be right in saying I would need a 55k deposit and pay 2k a month for 35 years to live in a council house

whiskeyman

asteroids over berlin wrote: »

Highly desirable area even if it is at the Ringsend side.

It's a stonethrow from Google / Facebook / Hipster heaven of Grand Canal Dock area.
Put some money into it, and get great rent, or sell it on.

asteroids over berlin

lawred2 wrote: »

Close your eyes and it's almost like St Tropez

lol. They will probably get it though the way the market is going. Highly desirable area even if it is at the Ringsend side.

matrim wrote: »

That's the sportsco gym behind it. It includes astro turf pitches which I think are the reason for the extra high fences

Close your eyes and it's almost like St Tropez

matrim

lawred2 wrote: »

And it seems to have some sort of industrial complex to the rear and it's bounded by a pathway on one side..

That's the sportsco gym behind it. It includes astro turf pitches which I think are the reason for the extra high fences

lawred2 wrote: »

It's a former council house in a council estate.. it's a semi d and it's hardly a sizeable site...

And it seems to have some sort of industrial complex to the rear and it's bounded by a pathway on one side..

Someone would REALLY want that D4 address to pay over half a million for that.

Its next door to Ringsend- and is in the catchment area for two Deise schools (schools with additional resources for deprived areas.......- I'm not joking.......)

You're paying for an address- purely for an address- and the value of that address I'd argue is questionable.........

draiochtanois wrote: »

This post has been deleted.

It's a former council house in a council estate.. it's a semi d and it's hardly a sizeable site...

And it seems to have some sort of industrial complex to the rear and it's bounded by a pathway on one side..

Someone would REALLY want that D4 address to pay over half a million for that.

ThisRegard

It's pretty poor alright, a lot of money would need to be modernise it, and you're not even getting any decent views, that looks like the Greyhound stadium behind it? Unless you're a builder, I personally don't see the value there, other than the location. But that's what some people pay for I suppose.

SarahMollie

Sandymount though.... its the definition of a desirable location. Yes, you'd need about another €100k to make it really nice, but then again you'd never need a car!

Its a bit like buying a site almost.

This post has been deleted.

Muff Richardson

is there a dreamers thread for property on this forum similar to the car sales on motoring?...if so point me to it, this definitely belongs there

and I don't care about the location. the house is a joke, inside and out. €550k

http://www.daft.ie/dublin/houses-for-sale/sandymount/26-derrynane-gardens-sandymount-dublin-1241972/

This post has been deleted.

seamus wrote: »

Yeah, I used to work with a guy who commuted from Co. Louth to Dublin City every day. Got some express bus or something, door-to-door was maximum 120 minutes each way, usually less.

His justification was that this allowed him to buy a house near to where his friends and family were, on a relatively meagre salary, and his wife could stay at home with the kids. He could cut 45 minutes off his commute by moving to NCD, but he'd never have been able to afford a property on a single salary and he'd be 45 minutes away from everyone he knows.

In lawred's case it sounds like price is probably the factor. Somebody has sunk serious money into the properties and has a baseline figure they're not going below. If they can afford to service the loans on the properties, then from their point of view it makes no sense to sell at a loss or a low price in a high-demand market. Buyers will appear eventually.

It's nothing else. However I know for a fact that the developers are already in the black even with these three outstanding. Neighbour went to school with them.

Bob24

seamus wrote: »

Is this vested interests using their media contacts to try to push an open-wallet policy on the banks again and push up prices?

Is that a rhetorical question? ;-)

To be honest I find if very difficult to understand the market. As you said not all signs are positive but on the other hand for the type of property I am looking at there is indeed upwards pressure.

But yes - regardless of how the market is doing there is definitely strong lobbying with the governement and the media to try and force the central bank to stop doing what it thinks is necessary to give some financial stability of Ireland and prevent another banking crisis.

gaius c

lawred2 wrote: »

3 A rated houses sitting in our estate for 18 months waiting for a buyer... Price hasn't moved a cent.

This is North County Dublin where prices are 'rocketing' apparently

If those houses are to sell - it's only one direction that they will have to go.

No firesales. Buyers have to pay through the nose to bail the banks out by the back door.

seamus

The_Conductor wrote: »

Location and lack of ease of transport/access to Dublin city centre, more likely. I've one colleague who would rather take the train up from Galway every morning- than drive from where she could afford to buy in North County Dublin.........

Yeah, I used to work with a guy who commuted from Co. Louth to Dublin City every day. Got some express bus or something, door-to-door was maximum 120 minutes each way, usually less.

His justification was that this allowed him to buy a house near to where his friends and family were, on a relatively meagre salary, and his wife could stay at home with the kids. He could cut 45 minutes off his commute by moving to NCD, but he'd never have been able to afford a property on a single salary and he'd be 45 minutes away from everyone he knows.

In lawred's case it sounds like price is probably the factor. Somebody has sunk serious money into the properties and has a baseline figure they're not going below. If they can afford to service the loans on the properties, then from their point of view it makes no sense to sell at a loss or a low price in a high-demand market. Buyers will appear eventually.

lawred2 wrote: »

Nah it's not that - it's 2 mins from a Dart P&R and serviced by two buses to Connolly

Ask yourself- if you were a prospective buyer- would you want to buy one- at the prices they are seeking?

If they want to flog property in North County Dublin- there is a reasonable expectation on the part of prospective purchasers- that they will be at a reasonable discount to other areas they could possibly purchase in with the same budget......... I'm not denigrating where-ever it is- I'm simply pointing out that some areas are more desireable than are others.

The_Conductor wrote: »

Location and lack of ease of transport/access to Dublin city centre, more likely. I've one colleague who would rather take the train up from Galway every morning- than drive from where she could afford to buy in North County Dublin.........

Nah it's not that - it's 2 mins from a Dart P&R and serviced by two buses to Connolly

I'm sure what you are alluding to definitely applies in certain parts of NCD but not really Malahide/Portmarnock.

draiochtanois wrote: »

This post has been deleted.

No. 2015 builds.

draiochtanois wrote: »

This post has been deleted.

Location and lack of ease of transport/access to Dublin city centre, more likely. I've one colleague who would rather take the train up from Galway every morning- than drive from where she could afford to buy in North County Dublin.........

This post has been deleted.