Property Market 2018

Cyrus wrote: »

Sorry that post was utter nonsense

No worries, I'd probably say the same if I was living in Dalkey

one thing for sure i think our cushy government are for the scrap heap, maybe even FF

the future could be loons that will push us down the same path as the UK

the next few weeks will tell

rosmoke wrote: »

I know it's hard to believe when we are used with the prices from here.
My cousin built a 6 bedroom house (excluding the 100mp2 attic) with 80k. But there isn't a term of comparison in terms of quality.
Constructions are way more different there, solid thick concrete walls. Has underfloor heating and utility bill costs him 20e a month in winter, to keep the house at 23 Celsius degrees.
No problems with noise either.
He personally seen the house I live in, it costed 370k during the boom, 80k in 2012 and 200k now. His exactly words were "I can build this with 17k there".

Again, I know salaries differ, quality of life, etc. This example was written with the intent of highlighting that it is possible cheaper & better.

Where is this?

lawred2 wrote: »

Where is this?

5km away from Bucharest.

A neighbour of mine built his house here more or less from materials he bought in Poland. Concrete, blocks and timber were Irish n that was about it. 3k for a 40' delivered. Had a crew of Polish lads doing the building.
A mate of mine was in Bucharest recently and was telling me he had a top class software developer working for him for 2 weeks over there for the princely sum of e500! He was saying if our corporation tax ever changes the game is up here.

Eric Cartman wrote: »

not bad but then again Romania has great freedom of planning , I've seen such a diverse selection of houses over there, its amazing to see, but then again theres a reason its so cheap

1) a lot of people in Romania make 200 euro a month
2) The planning system makes it a lot easier to use new materials (porotherm terracotta bricks, a lot more wood used in construction)
3) Land is a hell of a lot cheaper, an acre that close to the city would be easily got for under 25k , in Ireland 5km from Dublin and zoned residential it would probably be close to 700k
4) Romania has a distinct advantage from indigenous forestry business that makes wood rather cheap and mainland Europe road access making shipping bulky / heavy items like bricks, wood, stone , sand a hell of a lot cheaper.
5) taxation on a lot of essential components is a lot lower.

I remember walking around a large dedeman (like b&q) in hunedoara and being surprised at how cheap everything was, but also the selection , you literally had every single component to build an entire office block if you wanted (fire alarms and dry riser parts , suspended ceilings , concrete core drills etc...)

if shipping was somehow free and I could build to Romanian regulations , I could certainly build a 5 bed detached 3000sq ft house with a pool for under 300k even factoring in Irish labour rates and land prices.

Interesting post, have a few things I would add.

1. There is no middle class in Romania, you are either rich or really poor. I can honestly say I don't know anyone earning under 350e (and you would take that working for a restaurant).
I was just speaking with a friend earlier, he is a graphic designer, normal take home pay is 1500-2000e for him and pays 250e rent for a brand new 1 bed apartment.
Anyone I know with a good degree (engineering/science) makes over 1000e a month after taxes no problem.
Car insurance around 60e a year. under 160e for yearly underground transport (comes between 1-2 minutes in peak hours and 5-10 minutes otherwise)

2. Planning system it's indeed a lot easier, and you are allowed to build modular homes. But they aren't still popular, because bricks and concrete it's still so cheap.

3. 100% true, 500m2 5km from Bucharest would be 10k. In Ireland it's almost impossible because of Local Needs (that was deemed illegal by EU and it is subject to change this autumn).

4. Romania it's lacking in terms of motorways and has sold most of it's forests. It is exporting a lot of wood, and sadly if you wanna buy a modular house for example, you would buy it from Austria and they have their wood from Romania (search George Buhnici house, one of the most energy efficient homes in EU).

5. Arguable, there is no VAT for food here, you pay taxes on your salary irrespective of how low your income is .. at least 42%. Haven't looked into how materials are taxed.


Dedeman is quite big indeed, and it's a good example. There is a huge range of products and materials, same with food .. you can find everything.

I don't know .. I'd still need my spice bag from time to time :pac::pac:

phunkadelic wrote: »

We are the highest bidder on 4 houses. We are not offering asking price, but not far off. No one else involved in bidding, but the sellers are holding out still. (EAs probably telling them it will pick up after the summer)

.

you are the highest bidder on 4 houses??

phunkadelic wrote: »

Yep, the way it's heading we can play them off against each other

each to their own but imo its a pretty sh!tty way to conduct yourself.

Eleanor Howling Anorexic wrote: »

How much have you spent on rent this past two years ?

Around 27k

phunkadelic wrote: »

Well they are all genuine offers, if any of them would accept. I have no sympathy for gouging vendors. Cheered on by EAs, they are taking the p1ss with their asking prices.

but they arent, if they all accept simultaneously you will have to withdraw 3 of them.

And as for the rest of your post :rolleyes: either you can afford to buy something you need and you do or you cant, but leave the hyperbole out of it, does no one any good.

i hope when you come to sell your prospective buyers are genuine.