fliball123 wrote: » Well not every indicator there is still a supply issue. Not sure what the drops will be cant see 30 or 20% and I can see it rising a lot more rapidly than the last crash. There will be a spending frenzy once corona is gone. I reckon unemployment will be the trend if more employment go the way of debenhams then we could be looking at a double figure drop. But how much and how long it will last is anyones guess
dor843088 wrote: » I think it's fair to say that every indication is that purchase prices will fall quite a bit. If rental prices fall then investors are willing to pay less to achieve a reasonable yield so investor type properties are certain to fall in response. Surely this alone will drag the market down. What are we looking at a 20 - 30 % decline in prices ? I think 10% is a certainty 20% is likely and 30% if it gets pretty bad with unemployment etc. Painful times ahead for recent purchasers.
Ozark707 wrote: » I think people might be noticing more coming into their price range as well due to quite a number of places reducing their asking prices. I am not seeing a huge increase in the total overall numbers on daft but there is definitely a downward correction in asking prices.
Hubertj wrote: » Could it also be the same number coming into market for usual reasons, then a few more ex Air bnbs but then nobody is able to view / rent for stock to come off market?
Assetbacked wrote: » It could be the same number, which would be a bit surprising since people can't go anywhere right now if their lease were to end.
Assetbacked wrote: » Under €2.2k is generally what I'd consider affordable so I'd keep an eye on it to that level and there are plenty coming on each day. I can't say for certain if it is more than normal but at the same time it doesn't seem like it is less than normal. Thinking about it again, maybe it is just renewals and reposting of ads as they don't seem to be disappearing from Daft as they would've done a few weeks ago.
Zenify wrote: » I dont follow the rentals... are there more or less coming on then normal?
kevinc565 wrote: » Foxrock is an overpriced aging dump though. No public transport. old aging houses, no shops or shopping centres. anyone who buys there is just doing it for past glories ( ie good name), and presumably immediately regrets it ( unless they work in the area)
Cyrus wrote: » There are parts of carrickmines that are effectively extensions of foxrock, estates of houses circa 2500 sq feet and ranging from 1m-2m I don't think Ashbourne has anything like that Personally foxrock doesn't do anything for me anyway but I like the sea !
Assetbacked wrote: » There are still plenty of rentals advertised on Daft each day
The_Conductor wrote: » Aerlingus alone have repatriated over 800 Americans from Ireland to the US in the last 10 days (and are still flying flights to NY, Orlando, Boston, SF and LA- on a reduced schedule- and under unusual conditions such as no Business Class to NY and a two crew flight with minimal turn around in JFK for example). There is strong demand from US citizens in Ireland back to the States- sufficient to support 11 Aerlingus flights a week (have a look at their website- you can book (providing you're allowed travel)). Aerlingus have more transatlantic capacity right now- than all other carriers combined at the moment. TAP took 140 Portuguese from Dublin to LIS on Wednesday Lots of foreigners are going home- they'd rather be stuck at home in their home countries- than here- regardless of how bad things are at home.
Assetbacked wrote: » I wonder where they are coming from given everyone is being forced to stay put for the time being.
Hubertj wrote: » this made me laugh..... lived in stoneybatter about 10 years ago and smithfield was like the wild west at times! it is a convenient place to live but houses are all very small and many are 2 up 2 down.... i suppose apartments only option if you want to live there and have more space....
alwald wrote: » I know someone who bought a bigger and better apartment not far away from this location in 2011 for 240K. It's a top floor 3 bed with 2 living rooms/balconies. I reckon that pre covid it was worth 500K and pre 08/09 650K.
alan_mur wrote: » Don't think it was Air B&B. Someone has taken a large mortgage and now figures that they'll have to top it up so trying to get out with purchase price, purchase costs, refurish costs and selling costs. In 6 months, sale price could be below €400k as the rental price drops.
Villa05 wrote: » Is that pricing normal for smithfield pre_covid. Seems astronomical for an area with high crime rates Does it come with a parking space or a stable Sorry
alan_mur wrote: » Interesting one here.https://www.daft.ie/dublin/apartments-for-sale/smithfield/apartment-21-block-a-smithfield-dublin-2470124/https://www.daft.ie/dublin/apartments-for-rent/smithfield/smithfield-market-smithfield-dublin-2020037/ 3 bed apartment in Smithfield advertised for rent on 6/4 at €3,250. Then today rent dropped to €2,750 and also advertised for sale at €475,000. At €3,250 it would give an 8% yield which was about right in the market pre-covid. Now an 8% yield on €2,750 is €412,500. Another rental in the same block has been up for a month at €2,700 The apartment was bought 7 months ago for €417,000.
Zenify wrote: » Do you think it was an AirB&B? Maybe the extra selling price is wishful thinking to get back all the money they probably put into doing it up too...?
alan_mur wrote: 3 bed apartment in Smithfield advertised for rent on 6/4 at €3,250. Then today rent dropped to €2,750 and also advertised for sale at €475,000.
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.
Idbatterim wrote: » WOW and I mean WOW to that house in Churchtown, I live here absolutely great location, but jesus that is insanity!!! look at the below in comparison, closer to luas and a few minute walk from dundrum village! detached!!https://www.myhome.ie/residential/brochure/78a-weston-road-churchtown-dublin-14/4377142 So I just went onto myhome to see what was going on, there are two houses up there, thay my mate offered good money on , months ago! You know what , deligted for them, with this bloody greed, no doubt they'd take the hand off him for those offers now!
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.
