Brussels Sprout wrote: » Niamh Horan.........christ
Iceman29 wrote: » My first thought.... I didnt know she had experience in the property game. Funny that all that were interviewed were estate agents. I read the piece in yesterdays indo and had to laugh...... trying to catch the last few fools is my guess
Hubertj wrote: » Who is she? Am I supposed to know?
Smouse156 wrote: » Pump and dump!https://www.independent.ie/irish-news/news/bidding-wars-for-niche-homes-as-buyers-flood-the-market-following-covid-19-lockdown-39416426.html
Mic 1972 wrote: » Asking prices dont' match sale prices of course, but ultimately follow the same trrends
"Permanent TSB (PTSB) swung into loss for the first six months of the year as the mortgage bank set aside €75 million to cover an expected surge in bad loans as customers struggle with the Covid-19 economic crisis."
"The Covid-19 economic shock has resulted in 10,500 PTSB mortgage holders availing of temporary payment breaks and a slump in home loans activity. In total, €1.6 billion, or 10 per cent, of the bank’s total mortgage book has been subject to mortgage breaks, it said."
“The severity and duration of the Covid-19 pandemic and its impact on the economy remains unpredictable,” said Eamonn Crowley, who became group chief executive in late June. “However, I am confident of the bank’s ability to remain resilient, to continue to support our customers, colleagues and communities building on our well established franchise in the Irish market.”
Assetbacked wrote: » 1. This is in spite of the fact the government has provided pandemic support payments the past few months and we are not going to have a v-shaped recovery, most analysts predict at this stage; and
GreeBo wrote: » I think the first one is pushing it, though it does have a very wide site and no neighbors on one side. I think the other it keenly priced at 995. Tbf you'd probably be gutting any house built more than 20 years ago, you'd have much more left with either of these two after the gutting. They don't build them like that anymore.
GreeBo wrote: » https://www.myhome.ie/residential/brochure/2-rathfarnham-park-rathfarnham-dublin-14/4442992 The house next door to the 995 has just appeared on the market for €1.3!
GreeBo wrote: » What are you expecting for your 1.2 and in what sort of locations? You can get a 5-bed semi-d with a large south facing garden in rathfarnham for 50K more.https://www.myhome.ie/residential/brochure/10-crannagh-road-rathfarnham-dublin-14/4429783 Now it obv needs refurb, hence asking what you are expecting to find for that money? For 995K you can get a larger 4bed just down the road, again large south facing garden and walk in condition.https://www.myhome.ie/residential/brochure/4-rathfarnham-park-rathfarnham-dublin-14/4422745
awec wrote: » Looks like one of them is occupied too, that must be a bizarre place to live.
Billythekid19 wrote: » You could buy 26 houses in kerry for cheaper, may become more attractive now that wfh is the new normal. https://www.daft.ie/kerry/houses-for-sale/cahersiveen/lighthouse-view-cahersiveen-kerry-2200434/
TheSheriff wrote: » Popped into my notification as listed as a "Detached house"........https://www.myhome.ie/residential/brochure/tir-na-nog-egans-field-donabate-dublin/4441772
SozBbz wrote: » For comparison, a house that was recently fully remodeled in a neighbouring area to blackrock was asking €1.2m (and I assume they got it as it was marked as Sale Agreed within 2/3 weeks). Better location, more transport options, and renovated to the extent that its basically a new build but with the benefit of sitting on an established road. I don't see how your money would be better spend in Rathfarnham. Edit: This is the house I was talking about above.https://www.daft.ie/dublin/houses-for-sale/monkstown/maison-95-monkstown-avenue-monkstown-dublin-2272096/#img=31
Vikings wrote: » I know a number of people taking the available mortgage breaks in order to squirrel some money away to help their situation in the short-medium term. Despite the long term cost effects. While the government supports might help them make ends meet now and pay the mortgage, future uncertainty is making them be cautious about spending. Better to have that 3 months worth of mortgage payments available for the now in case you might need it for crucial costs.
Pelezico wrote: » The autumn will provide more granularity on numbers of transactions. The precursor to a collapse is a dearth of transactions. With respect to the actual sales values, For a bog standard generic house in my general area, recent sales prices suggest to me that we are at 2017 prices.
JJJackal wrote: » Updated: (I disagree with the firesale in the short term anyway - potentially a longer term issue, if things dont improve) In favour of prices staying the same or rising: Low supply to start with Decreased supply due to decreased building Saving up to 5 billion from 2 billion in same period last year - therefore more deposit money Government pumping billions into the economy First time buyers support increased by 10,000 Expect enormous headline growth rates post pandemic (eg US GDP down 30% now. Expect headline growth rates post pandemic although. Note to get back to 100% after a 30% fall you need growth of >42%) Irish people only going on staycations so Airbnb properties come back on the market for Airbnb (decreased hotel capacity due to COVID restrictions) New jobs post Brexit In favour of prices falling: Recession Job losses Banks worried about lending People moving out of Dublin (could lead to falls in Dublin and price rises elsewhere though - but on average a fall) Businesses closing and never re-opening Emigration of non nationals to the list freeing up rental supply Airbnb stock in Dublin returning to long term rental market Potential firesales in the future... Less new jobs than expected post Brexit
Pelezico wrote: » I reckon we will see about 20 price falls on myhome.ie on Tuesday.
brisan wrote: » Add a lack of foreign students and Irish students staying at home as Third level educators move most of their teaching online
Iceman29 wrote: » Would this not be a serious issue in the long run. Imagine what they'll be like when the sh1t really hits the fan in a few months and they arent able to tighten their belt and borrow to keep up with their lifestyle. This could lead to more and more personal debt
dor843088 wrote: » https://www.irishtimes.com/topics/topics-7.1213540?article=true&tag_person=Pat+Davitt All Pat Davitt does is pump the property market. No one should ask his opinion let alone a national newspaper.
Assetbacked wrote: » Now I don't want to add to the fear unnecessarily as I think it is still another 12-15 months before we see any potential fallout (subject to no government intervention to stimulate the market) from covid, but a couple things in this article on the PTSB interim financials stood out for me; https://www.irishtimes.com/business/financial-services/ptsb-slides-into-loss-amid-75m-bad-loans-charge-1.4321589 1. This is in spite of the fact the government has provided pandemic support payments the past few months and we are not going to have a v-shaped recovery, most analysts predict at this stage; and 2. The quote from the chief executive, in spite of the write downs and him noting that the outlook remains "unpredictable", is reminiscent of something we would've heard 13 years ago around this time;
awec wrote: » No. It just means they'll pay more interest over the course of the mortgage. Mortgage breaks are nothing new. It's not great for banks if lots of mortage holders take a break at the same time, but at an individual level the costs and consequences are pretty inconsequential in the long run.
