Assetbacked wrote: » The ESRI report discussed a few days ago has now been published and IT are leading with a clickbait headlinehttps://www.irishtimes.com/business/construction/house-prices-to-fall-by-12-over-next-18-months-esri-says-1.4258075?mode=amp 12% wouldn't seem too bad for the next 18 months but there is a possibility that this is just when prices start to climb down as data in 18 months will reflect activity in 12-18 months, when the market will only be restarting properly. Until then, people are more concerned about their job still existing, kids going to school and whether they can get a holiday at some point this year.
Hubertj wrote: all sounds very plausible. However, socialism isn't the solution to the problems caused by government policy. It would make them worse. Ideological socialist boll*xology will not fix polotics / policy / systemic failures in any part of our society.....
Villa05 wrote: » I'm not an advocate of socialism or capitalism, however both have very positive aspects and both have aspects that can be exploited The last recession resulted in socialism for the wealthy. The sins of the few and their Debts were passed onto children and those not even born yet Regulation of building looks like a job for the boys set up, Now when and where have we seen that in the past? Absolutely disgraceful that an inneffective system developed here for regulation costs 40,000 per unit while a better independent effective system is in place up the road costing 730 Controlling and suppressing supply of a commodity that everyone needs is an act of war in most countries. For a government to partake in such a practice to the detriment of the majority of its people is unforgivable in a democracy Is it too much to ask a Government to act in the best interests of its country When will this country have a common sense party or a mixture of political parties that results in common sense policies
Hubertj wrote: » 12% sounds pretty steep over 18 months - would it have taken 3 years to increase by 12%? Would be interesting to understand the metrics used to arrive at this number and what the margin +/- would be. 12% does sound ok when compared to the doom merchants on boards. I'm just not sure who has more credibility - the ESRI or some lad on the internet.
Hubertj wrote: » 12% does sound ok when compared to the doom merchants on boards. I'm just not sure who has more credibility - the ESRI or some lad on the internet.
Ozark707 wrote: » Remember the ESRI didn't predict the housing collapse the last time either.
Hubertj wrote: » I didn’t know that. I only started taking an “interest” in property the last few months. Does 12% in 18 months not indicate a collapse though? Sounds pretty steep to me no matter what you are purchasing.
cnocbui wrote: » In what way are are house prices in Dublin over-valued? Compared to what? Dublin is a capital city, not some small provincial hamlet. How many people living in London, or Paris, working at what you do, can afford to buy a house more easily than you can?
landofthetree wrote: » Those cities have a much better public transport system than Dublin.
cnocbui wrote: » So?
Browney7 wrote: » It's all a game at the minute. The builders know they will struggle to get the price pre Covid so they either stop building or drop prices and reduce their margin. There is of course another option where they lobby like crazy and keep prices the same or a small reduction but negotiate a bigger reduction in development levies or VAT or building standards in order to keep their margins intact. Of course if they stop building the government could always make use of the extra capacity from idle tradesmen and builders and contractors and embark on an ambitious affordable/social housing scheme on state land but availability of money to finance and willingness and ability to add to the national debt will come into play. The next year will be interesting to see what plays out
Cyrus wrote: » What am i missing here:https://www.myhome.ie/residential/brochure/17-nutley-road-donnybrook-dublin-4/4413668 vhttps://www.myhome.ie/residential/brochure/97-anglesea-road-ballsbridge-dublin-4-d04-v3a3/4277483
Markitron wrote: » The only thing I can think of is that the top one is detached and closer to the sea, other than that, it makes no sense to me. I would choose the bottom one all day long.
Cyrus wrote: » i was looking at the ballsbridge one earlier thinking it wasnt terrible value for what it is
landofthetree wrote: » There are 346 trains from Reading to London every day. Same for loads of other places that are within an hour of London. Whereas with Dublin you don't have that sort of option.
Markitron wrote: » Can't really comment on the value of it for the area, but that place needs a substantial amount of work. No one that could afford it would want to live in it in the state it is in.
bubblypop wrote: » Nutley road would be a very desirable area. Also, the other one, which is only a few mins walk away, has a house built in the garden.
bubblypop wrote: » Nutley rd is a detached 5 bed house, with a driveway. Angelsey rd is a end of terrace 3 bed, no parking with a house built in the garden. Now, personally I like the angelsey rd house better, but for a family, I can see the other is probably better. They are really only a few mins walk from each other.
Roberto_gas wrote: » https://amp.independent.ie/irish-news/house-prices-due-to-fall-sharply-in-wake-of-pandemic-rices-39220784.html We would be lucky to get away with 12% drop by next year ! Any views on the above
If mortgage demand is an indicator, buyers are coming back to the housing market far faster than anticipated, despite coronavirus shutdowns and job losses. Mortgage applications to purchase a home rose 6% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Purchase volume was just 1.5% lower than a year ago, a rather stunning recovery from just six weeks ago, when purchase volume was down 35% annually.
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