Hubertj wrote: and does that mean prices were leveling off due to supply increasing to meet demand so buyers have more choice? Or does that mean it was down to affordability? Or a mixture of both?
Hubertj wrote: How many exceptions are there per year?
Marius34 wrote: And why this makes Daft report more correct over Myhome? Myhome didn't report fall on YoY basis. YoY already tells if price increased over year or decreased over a year. The same central rules applies for 2019 Q1 & 2020 Q1. As mentioned Daft 2019 Q1 4% increase in Dublin, didn't result in actual transaction price increase even with added delay.
TheSheriff wrote: » This came into the emails last night through an alert. Are they MAD! Even without Covid-19, people would be mad to pay this. It essentially a granny flat rebranded as a house. Obviously a developer, as the other half of the property is also for sale for 100K more, to be honest, it would likely been nicer as one large property with a higher price tag. It will be interesting to see what this sells for and it investment made to split this property into two was worth it.
accensi0n wrote: » https://www.myhome.ie/residential/brochure/101a-landscape-park-churchtown-dublin-14/4425572 Don't like the downstairs layout of that at all. Walking directly into the kitchen, no hallway entrance to other rooms, need to go through the kitchen to get to the living room, hitting your head off the stairs when at the counter beside the sink..
beauf wrote: » Buyers on this thread frothing at the bit to buy at the bottom of the market should wait for those 40%+ drops that your waiting for. There are plenty of properties sitting unsold for the last few years empty. If they didn't need the money then, they are likely to leave it unsold for another few years. Ignore those and concentrate on the ones that are dropping into your price point. If you want to watch all the properties dropping and those that don't for years and sit on the sidelines and watch. There is website perfect for this. The property pin. It's been moaning about property for a decade or more.
AmberGold wrote: » It's well done all the same, have to laugh at the price. I'd wager its worth the somewhere between a one and two bed apartment in the area and that's only because of parking and the small garden.
Zenify wrote: » Just saw a house go up in Churchtown for 450k. It's not even a house. It's pretty much on of those garage extensions turned into a granny flat. That's a crazy price even without Covid
handlemaster wrote: » Anybody looking at myhome and daft and thinking there is property here that will not sell until the new prices come in ?
Villa05 wrote: » Quarter 1 has always been the busiest since the central Bank rules came in with prices rising in that quarter and the tapering off for the rest of the year. What had been trending is that the quarter 1 increases had been getting smaller and the year as a whole was becoming negative The most logical thing for banks to do I remove those exceptions in a recession and the qtr 1 bump is gone
KindOfIrish wrote: » My friends bought a 2-bed apartment in Dublin for 120K at that time, they didn't need a mortgage though. If the restrictions won't be lifted by the end of May, and it has to be lifted in all western countries, there won't be a thread "property market 2021" as there won't be a property market at all.
Villa05 wrote: » The market is made up of available buyers and available sellers. If the market is interfered with and properties removed from sale, they are not part of the market. therefore prices fell despite supply being constrained as they will again Also most were incomplete, and in low demand areas, some were even knocked down Quarter 1 has always been the busiest since the central Bank rules came in with prices rising in that quarter and the tapering off for the rest of the year. What had been trending is that the quarter 1 increases had been getting smaller and the year as a whole was becoming negative The most logical thing for banks to do I remove those exceptions in a recession and the qtr 1 bump is gone
Nika Bolokov wrote: » If we do have a 30% fail in prices , that would signify that unemployment will likely remain above 12% anyway. So banks will again have massive damage to their balance sheets , state finances will wobble again leading to public sector pay cuts but this time there is nowhere to emigrate too as it's a worldwide slump so no safety valve. If you really believe that prices will fall 30% , in this environment you should probably be deeply concerned about your job not looking out with glee at the cheap housing your snap up.
fliball123 wrote: Sorry there was an over supply for god sake you only have to look back at the reports of ghost estates throughout the country. The very fact that Nama had to be created is actually proof of an oversupply that houses that people did not want or need or where in difficulty paying for them were put into this vehicle. So there was an oversupply of houses built priior to 2008. The same cannot be said now. I cant see Nama 2 coming out anytime soon.
Marius34 wrote: I believe Daft report was generated at the end of March, where first ones started to reduce price due to Covid. The actual prices on Pre-Covid, we will see in the next CSO report for the month of February transactions. And I expect it to be upward for annual basis. As you can see from previous posts, even for previous sale agreed some buyers trying to negotiate over the past weeks, or pull out already, before signing contract, thus CSO report for April (in June) , will not show a pre-Covid market anymore. This will be the last CSO fully pre-covid. and at some extent CSO March report (in May).
Mic 1972 wrote: » it's in the Daft report, there is graph showing an increase in asking prices in Mar v Feb and then a drop of 2.1% in the second half of March
landofthetree wrote: » Loads of people got property on the cheap post 2008.
TheSheriff wrote: » Sale agreed today at 20K under asking. Bittersweet to be honest. We also know sale agreed means nothing until signed, have been here before.
Marius34 wrote: » 1) Investors start to get nervous over Covid on second half of February, that's when the stock market started to fall. 2) I'm curious where did you find this "Also March started with an increase over February."
beauf wrote: » With that in mind who are the 10.
what_traffic wrote: » This is just an amazing stat " The IMF chief warned that "global growth will turn sharply negative in 2020," with 170 of the International Monetary Fund's 180189 members experiencing a decline in per capita income. "
