Geuze wrote: » Ok. 195k to 140k is a 28% fall.
Cuddlesworth wrote: » Average age is 34 and average income is 90k(I'd assume that's combined for most). Its not that hard to assume inheritance isn't a large part of it.
jimmytwotimes 2013 wrote: » Don't normally post here but prob hoping to sell next year. Bought in 2005 for 195k, the absolute most my place will sell for will be 150k but most likely 140k. Was a new 3-bed semi in a nice area. House value never recovered
wassie wrote: » The key word is "ASKING" prices..... let's wait until we actually have some hard evidence in sales data.
Geuze wrote: » Really? Still 40% below the original price paid? I bought in 2005. I sold in 2019, making a 2.8% capital loss, comparing price paid and received. OK, I had made improvements, maybe costing 50k over the years. So in reality I lost more. Is it apartments that are still 40% below 2005 prices?
Deleted User wrote: » Rte reporting asking prices have risen during May after a fall in April.
awec wrote: » I assume it's the mean deposit, which is easily skewed upward by people with enormous deposits obtained through inheritance etc.
Geuze wrote: » FTB in Dublin: average income = 89k age = 34 deposit = 79k LTI = 3.4 29 yr mortgage LTV = 80%
makeorbrake wrote: » Bringing this back to the context of property, I bought my house in 2005. Fifteen years later, it is still 40% under water in terms of the price/value of the property.
Browney7 wrote: » The median price went up in April but the volume of sales took a serious hit so. The median quoted there looks to be a "crude" median of the properties sold on PPR and not standardised for a constant mix of property so if a greater volume of new builds or bigger property sold in the month it would cause distortions. The May median is significantly lower on smaller volume again but the price trend since Jan in the source you quoted is downward.
Mic 1972 wrote: » That's how that report works, the latest month always looks low volume Prices in 2020 so far looks igher than last years same time
Mic 1972 wrote: » The 2020 stats are telling a different story, look at the PPR prices at the link below Median price for Dublin - in red - is spiking. You are correct about the Q4 2019 decline, unfortunately the market has picked up already. Maybe it will decline sometime in Q4, as of now it look mysteriously healthyhttps://bl.ocks.org/pinsterdev/raw/98d5baa18a1bc6d603e0/
Graham wrote: » Mod Note Reversal, pretty much everyone posting in this thread has skin in the game or a vested interest of some sort. Some as property professionals, some as homeowners, some as landlords, some as tenants, some as first time buyers. It's not necessary to state that obvious point in every single post as though there's an underlying conspiracy.
Reversal wrote: » I remember exactly what I said. I expressed the belief that the market had begun to soften before and seperate to the COVID effect, specifically in a S Dublin context. While you say there has been no real price drops, the facts would beg to differ. Q1 daft report shows YOY asking price reductions of between 3-5% CSO figures prove that we had seen a 3% "actual drop" in achieved prices since the October 2018 peak, in Dublin as a whole, pre COVID.
But I'm sure you'll pass these raw figures off as bias. Apparently more biased than the opinions of someone who has skin in the game...
awec wrote: » This sort of role is not really IT, this just sounds like typical low-skill call center first-line support work. IT workers have degrees and job titles like software engineer, data scientist, program manager, business analyst, service engineer etc.. I guess it depends on what the true definition of "IT" is. If you expand it to include anyone who works with computers then the salary range will obviously be much larger.
Taylor365 wrote: » No, you misunderstood. Salaries in Dublin are not what you think they are.
Reversal wrote: » I remember exactly what I said. I expressed the belief that the market had begun to soften before and seperate to the COVID effect, specifically in a S Dublin context. While you say there has been no real price drops, the facts would beg to differ. Q1 daft report shows YOY asking price reductions of between 3-5% CSO figures prove that we had seen a 3% "actual drop" in achieved prices since the October 2018 peak, in Dublin as a whole, pre COVID. But I'm sure you'll pass these raw figures off as bias. Apparently more biased than the opinions of someone who has skin in the game...
Marius34 wrote: » Anyone who don't see major price fall have vested interest, or who are they? Well you are the one, coming with Bias information just trying to pick up any negative points on property price. Which is ok, it's common withing people selectively pick up only negative or positive information. But what its not nice, that just few months ago you was telling about obvious significant price fall in Pre-Covid times. And even now, that most of Pre-Covid market sales completed, you still would not recognize that price was not falling back than. We don't know yet well the impact of the Covid. But it's weird to not see the case of the past on Property Market, that there were no real price fall in Ireland in Pre-Covid.
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