Shane Fleming RE wrote: » IPPI software, which tracks listings and closing, while average price month to month can differ greatly depending on what actually sells that month. Averages in Dublin were Jan €450k, Feb €433k, Mar €436k, Apr €436k, May €405k
tracesnim61 wrote: » Seeking advice here: Myself and OH are both in our late 50's and the plan to retire in two years time. Last night my husband mentioned that he is going to put our family home up for sale as soon as possible, his reason behind it is that we can get around 580k for it now and buy a 2 bed apartment in Dublin. He has his eye on certain 2 beds for around the 250k mark but is confident he will get it cheaper. Some of the proceeds of the sale will be for the purchasing of property in Portugal in a location we have frequently visited the past 15 years. My husband works in Finance for his whole career and is usually good with this type of thing but i am worried he is acting a bit rash here and getting carried away. Our original plan was to sell the family home but this just seems so soon. I am worried we will get a bad deal as he is usually not this quick to make such a big decision. What do you think?
Mic 1972 wrote: » a 2-bed apt in Dublin will be more expensive than 250K, unless you are going for a cheap location
Marius34 wrote: » Those number obviously doesn't present the actual situation on sales, it's probably because it's done on the raw data from PPR? without filtering anomalies and etc. As well i see the number of total sales are off from the actual numbers. I have my report created for studies some time ago, on 2 different formulas, that gives a much better picture of Sales, although not as good as CSO. But you can see that there are no real change in May, CSO will confirm this for May in 2 weeks.https://datastudio.google.com/s/rk-PSHr2Qx4
GreeBo wrote: » It could be genius or could be a disaster, selling the family home to try and make a quick buck on the property market doesnt seem like a sensible idea to me. If it goes wrong and you are stuck in your 2 bed will you both be happy? Whats your risk profile and do you own the house outright or still has a mortgage, and how much did you pay for it? If you are selling your house at the top you are also buying the 2 bed at the top, something (for your husband) to consider. Most people who got lucky in the past were renting after selling and so missed the dip altogether.
tracesnim61 wrote: » He has spotted a couple of 2 beds that have been on the market for greater than 6 months for 250k and is convinced he will get them cheaper but will pay 250k if needed.
Mike3287 wrote: » Right to sell, not right to buy Should rent it for a while and sit on cash
PommieBast wrote: » He's quite likley right, but something that has been stuck on the market that long is almost guaranteed to have "issues".
cnocbui wrote: » I am astonished at the volume of sales in Dec. Very counter intuitive, assuming of course M12 is Dec.
wassie wrote: » I beg to differ. Sure the causations may be different, but my experience of 3 recessions tells me the same thing happens. People lose jobs and livelihoods are destroyed on a widespread scale.
fliball123 wrote: » Already this one is different The job losses are faster here and will recover quicker The banks are not an issue People have less personal debt and more personal savings People cannot emigrate like last time These factors alone will mean this recession will be different
jimmycrackcorm wrote: » My SiL who bought an apartment in 2007 that is still in negative equity might not agree with you.
Hubertj wrote: so you have made my point - it isnt as simple as a lift and shift of policy. Any plan a government puts in place will take over 10 years to be properly implemented. It can't happen overnight. I do agree with your argument but i believe you are over simplifying it.
Villa05 wrote: » Would building a sizeable quota of affordable accomodation for workers that can be offered at rents significantly below market rate while still covering its costs. Do it for key low paid workers who kept things moving while most were in lock down Achievable and would go a long way to solving overall supply issue I'm struggling to find where the difficulty is? What problems do you forsee with such a plan
Walnut Salad wrote: » I am hearing a lot of commercial office space will come available in Dublin as companies reduce their required floor space. For example I hear Aviva are giving up 3 floors of their building near Stephens Green. You would have to think that some of that commercial space will be converted to apartments.
Nijmegen wrote: » Here-ye-here-ye economic doomsayers... The tax figures for June have been released. Tax overall up 4% June vs last year (May was also up). Income tax down -20% in June (it was -7.7% in May) but still slightly ahead of 2019 year to date. VAT is also down -20% in June. The big question now will be if it all starts to come back in July with the re-opening, ie many people who were furloughed are back at work earning a wage. Funny recession when tax is growing year on year but July and August will be critical months for VAT and income tax to tell us what's going on in the real economy.
Shelga wrote: » I have an offer in on a house that needs work, but now I’m reconsidering waiting another 6 months. I’m already offering near the top of what I can afford, but I could see myself living there for 10+ years if necessary. I’m living at home and not paying rent, so can afford to sit tight and just save, but I’m dying to get out. I really don’t know what to do. What would people advise?
Hubertj wrote: » how come the price for may differs from the Daft.ie report?
