GreeBo wrote: » Jaysus, why would you pay that to live in Carrickmines when you could get something for the same price, same sort of house in a much better location?https://www.myhome.ie/residential/brochure/22-brighton-place-brighton-road-foxrock-dublin-18/4419939https://www.myhome.ie/residential/brochure/28-merlyn-road-ballsbridge-dublin-4-do4-yit2/4418869https://www.myhome.ie/residential/brochure/23-rathdown-park-dublin-6w-dublin-d6wdt28/4331310
Dylan94 wrote: » I've been following this thread quite a while as was planning to buy towards the end of this year around Dublin. I dont think that there will be huge 20% plus price drops, but I also don't think that there will be no price drops. I would expect that 2nd hand houses will fall by a very maximum of 15% over the next 9-12 months and as the economy repairs it will likely go back to around current prices soon after. I dont think that the supply of new houses would completely dry up, since most of the larger developers ready have vast amounts of land bought and won't just stop building, the shareholders wouldn't be happy. They will build for a lower profit rather than no profit at all. Although I would expect new build prices to have an even smaller drop, maybe 5-7% max in the Dublin area. Probably even less so outside of Dublin. Since this isn't likely going to last too many years, I would suspect that it would be cheaper/more profitable to just keep going through it at a lower margin and I suspect we will see even less houses offering extras such as flooring included. They will find other ways to cut back to keep profits up.
Hubertj wrote: » Should you not caveat this post by stating it is an opinion not supported by any facts? Terrible attitude even if you think you are being “realistic”
Browney7 wrote: » You must be new here. There are no facts to the contrary either. If you dislike the nature and style of The Conductor's post I'd recommend riding off into the sunset and not looking back for the good of your own sanity. You're not going to get reasoned, evidence based economic paper style posts in here citing references and data.
bubblypop wrote: » The house in carrickmines & the house in foxrock are literally 3 mins walk from each other. Carrickmine wood was the first estate with houses priced at a million, if I remember right. This house is inside the m50, basically it is foxrock
Dylan94 wrote: » I dont think that there will be huge 20% plus price drops, but I also don't think that there will be no price drops. I would expect that 2nd hand houses will fall by a very maximum of 15% over the next 9-12 months and as the economy repairs it will likely go back to around current prices soon after.
Deleted User wrote: » I think if you look at who has lost their jobs as of TODAY, are they really going to dent the property market? Taxis/Salons/Restaurants/Bars/Construction/Travel/Hotels/Retail employees etc - unless you're an owner of a business in that field or earning enough, you're probably not (based on speaking to friends who work in a lot of the above industries) going to impact prices in the standard 3 bed semi/4 bed semi range in Dublin and surrounding areas (Wicklow/Meath/Kildare etc)? Of course there have been exceptions where well paid employees in those fields have been let go but most people are still working and earning money.
[Deleted User] wrote: » I think if you look at who has lost their jobs as of TODAY, are they really going to dent the property market? Taxis/Salons/Restaurants/Bars/Construction/Travel/Hotels/Retail employees etc - unless you're an owner of a business in that field or earning enough, you're probably not (based on speaking to friends who work in a lot of the above industries) going to impact prices in the standard 3 bed semi/4 bed semi range in Dublin and surrounding areas (Wicklow/Meath/Kildare etc)? Of course there have been exceptions where well paid employees in those fields have been let go but most people are still working and earning money.
ebayissues wrote: » Estate agents are still up to their old tricks trying to put the impression that house prices have dropped..On myhome,so many houses in an area I'm watching have had price increases and then decreases. Should myhome not have a minimum period for subquent price changes?
ittakestwo wrote: » https://www.daft.ie/dublin/houses-for-rent/rathmines/123-the-mews-observatory-lane-rathmines-dublin-2013481/ There was a 4 bed house in Rathmines put on Daft for 5000pm at the beginning of March. Its now at €2750 with multiple price drops over the last 3 weeks. With the pictures of towels on the bed I would presume an ex Airbnb. Shocking to think they thought they could get €5000pm for that townhouse. It does not even have a living room for that rent. The rent has gone like this; March 13 €5000pm March 18 €4750pm March 20 €4500pm March 23 €4250pm March 25 €3750pm March 27 €3250pm March 31 €2999pm April 03 €2750pm
ittakestwo wrote: » Now at €2500pm, I am guessing the LL was taking in well over €5000pm on Airbnb so thought they would try and see if they could get it on rental market.... but they're now facing their day of reckoning.
Cyrus wrote: » There was no new stock (as no one was building) and most sales were forced, so there wasnt a consistent flow of product, Added to that most couldnt access credit meant the odd person got a bargain where they didnt need a mortgage, there was also people would could borrow and again the odd one got a bargain, but either you needed to be lucky or not very fussy about what you got as supply was massively constrained.
Mic 1972 wrote: » None of that makes it for a non functional market. The current market prior to Covid was high in demand thanks to banks lending money and supply was short. That is a dysfunctional market. A market driven by credit is inflated by definition and can not function in the long term. If someone needs to borrow a huge amount of money maybe they shouldn't be buying in the first place I sales agreed in 2013, was looking for a year, the number of properties on offer was huge at the time.
Julissa Bitter Jeep wrote: » You forgot this part - "PLEASE NOTE: THIS PROPERTY IS PART OF A GUESTHOUSE AND IS ONLY AVAILABLE DURING APRIL FOR THE CURRENT PRICE. IT WILL BE AVAILABLE FOR FUTURE BOOKING DATES ON BOOKING.COM."
Gary Gurney wrote: » Disgraceful behaviour. Greed just doesn't cover it.
Ap2020 wrote: » I wonder will the RTB take a hard stance on these properties from an RPZ perspective. The Residential Tenancies Acts exempt from the application of the Act (in s 3(2)(f)) "a dwelling let to a person whose entitlement to occupation is for the purpose of a holiday only". However there are now two problems with that. The first is that "holiday" is not defined, and many of these short term lets through booking.com/AirBnB/etc. are not targeted at holiday makers exclusively. A lot of the time they are occupied by people looking for something for a few weeks while they work here or wait for more permanent accommodation. That wouldn't fall under any reasonable definition of Holiday. The second is that s 38 of the Residential Tenancies (Amendment) Act 2019 and regulations made under that section specifically sets out that any use of a house in an RPZ for short term letting requires planning permission. It would be entirely reasonable for the RTB to take the view that where someone claims an exemption from the Residential Tenancies Acts by virtue of s 3(2)(f) they must provide the requisite permission form the appropriate planning authority. Essentially increasing the burden of rebutting the presumption that a property is one to which the Residential Tenancies Acts apply, which would be appropriate given that there is now, in law, an objective way to determine this (planning permission). Now that ordinarily would not matter, as no holiday maker is about to take a dispute to the RTB. However, the RTB now, since the 2019 amendments, has its own independent enforcement authority when it comes to the RPZs. This would grant some easy wins for the RTB's authorised officers, given how blatant the short term let landlords are being in this crisis and how little public sympathy there would be for these people. If the Authorised Officers have any courage, they'll be marking these boys down and coming for them in a year's time, fining them and reminding them that whether the lets are short term or long term they are bound by the ceilings on rent increases under the RPZ formula.
Cyrus wrote: » Most of the stock in 2013 had been for sale for quite some time , perhaps the stock wasn’t all that wonderful if you were looking for a year ? And houses are generally bought on credit , lending is relatively constrained at the moment due to the cb rules
Mic 1972 wrote: » Taking 1 year to buy a second hand property is pretty standard considering the time spent searching for the right property, evaluating the cost of renovation and then going through with the sale. It's the same if you buy second hand property right now. On the other hand the market was moving very fast in 2013 already, not sure where you are getting your facts,
![Photo of [Deleted User]](https://w6.vanillicon.com/v2/6b0748b4741870baaad828fe92174b3c.svg)
![Photo of [Deleted User]](https://w5.vanillicon.com/v2/565aefc2d27ac8b9310258f9dd96f30f.svg)
