The Belly wrote: » [/U] Ireland inflation rate for 2019 was 0.94%, a 0.45% increase from 2018. Ireland inflation rate for 2018 was 0.49%, a 0.15% increase from 2017. Ireland inflation rate for 2017 was 0.34%, a 0.33% increase from 2016. 2020 currently stands at 0.4% Where's the high inflation? we are looking at deflation going forward.
Mic 1972 wrote: » yep, the result is high inflation
brisan wrote: » You do know the economy is on life support due to the Government pumping billions into it.
Pelezico wrote: » Falls in price expectation are a forward indicator for falls in prices. This is a repeat of last downturn.
Pelezico wrote: » j June July transactions down about 48 % on last year. Not sure where your stats ste coming from.
Pelezico wrote: » Marius..I reckon we will struggle to hit 2000 in July and this will slow over the next few months.
Pelezico wrote: » This is not correct. The number of falls has accelerated in the last few months. I now expect 100 falls per week. A few years ago, it was circa 20.
Marius34 wrote: » The latest report from CSO is for 2020 May transactions.https://www.cso.ie/en/releasesandpublications/ep/p-rppi/residentialpropertypriceindexmay2020/ There are no change so far between 2019 and 2020 prices. The number of transactions in April & May was lower by 50%, but there is some recovery from June/July, it's running around 30% below 2019 levels, so it's not that low. I have my own statistics, it's not as precise as CSO, but there is no real change in price visible for the months of June & July, thus I'm quite confident CSO will not record any significant change.
Springy Turf wrote: » Seems like it. Is there data available comparing 2020 q2 prices vs 2019 q2 yet? I did hear of some prices being negotiated down during the CoVid period. The number of transactions would have been so low I guess its not worth trying to read into it anyway.
fliball123 wrote: » I always thought summer was peak season
Pelezico wrote: » 35 falls today and 6 rises. That is a new high. I will keep an eye on supply. It us likely that more houses will come on the market in Autumn with the traditional.autimn selling season.
Sarn wrote: » As a matter of interest, how many remained unchanged?
Marius34 wrote: » It seems they failed with their predictions, it shows 6-8% price decrease by 2020 Q2, both in sluggish and v-shapped, so far the only close scenario from the graph is "baseline", as if covid didn't happen...
Springy Turf wrote: » This is the ESRI prediction:https://www.boards.ie/vbulletin/attachment.php?attachmentid=522289&stc=1&d=1596733012 The baseline is if CoVid hadn't happened. The v shaped recovery is in the scenario where the economy is returning to normal this year. The Sluggish line is for continued tight restrictions. 100 points on the index represents the prices for q1 2019. They are predicting a 14% drop by q4 2020 in the sluggish scenario.
Cyrus wrote: » you are aware of the difference between asking prices and selling prices? we may well see falls in achieved sales prices, but using price drops on myhome is futile.
Pelezico wrote: » Until contracts are exchanged, you can do what you want. Hope it all goes well for you. A lot of falls today....circa 25 and 8 increases? The pace of decline is accelerating. I am genuinely surprised that everyone on this thread is not all over this easily accessible statistic.
Pelezico wrote: » This is called a gazunder. In the current market, gazundering is quite acceptable. Look at those falls today on myhome.ie.
woodchuck wrote: » That's not a risk I'm willing to take. I've already explained our personal circumstances and the lack of supply in the area we want. If this sale falls through, I'm genuinely concerned that we'll be stuck renting the apartment we're in for the foreseeable future. And like I said, we're well beyond sale agreed, so I don't think it's even possible to re-negotiate the price at this stage anyway.
Markitron wrote: » I know its a nice area and all, but paying even that much for a house in that state thats 2 minutes from Swords seems mental to me.
woodchuck wrote: » And like I said, we're well beyond sale agreed, so I don't think it's even possible to re-negotiate the price at this stage anyway.
Pelezico wrote: » Well, I dont consider financial prudence to be greed. There is always another house.
Graham wrote: » All today too. 6 Aug €695k 6 Aug €675k 6 Aug €575k If it keeps up, they'll be paying someone to take it off their hands by tea time. Alternatively, someone fecked up the listing. If I were the vendor I wouldn't be too impressed, on the other hand it's obviously getting attention so maybe it's deliberate.
awec wrote: » It would depend how much you playing games pisses them off. It's certainly not greed to try reduce the price, you want to pay as little as you can get away with obviously, but the time to do that is before you go sale agreed. After sale agreed is playing games. How would you react if the seller came back after you went sale agreed and asked for more money?
awec wrote: » Do you know how much it costs to carpet a bedroom? In the grand scheme of things it's a completely and utterly irrelevant cost, of no consequence whatsoever. Same as your fixation with stag dos. Another complete irrelevance. It wouldn't matter how frugal someone is, even if they live a life of sheer abject misery. It wouldn't matter if they were willing to move into a house that has literally nothing in it, concrete walls and plaster walls. It wouldn't matter if they never left their house for any sort of social occassion. They still wouldn't be able to buy a 3 bed semi on their apprenticeship wages like you were.
