PropQueries wrote: » It matters in the sense that multinational employees are regarded as a significant driver of demand for housing in Dublin City. Also, why has Google an office in London for over 4,000 employees and in Zurich for 5,000 employees: https://www.theguardian.com/technology/2020/apr/07/google-uk-staff-earned-average-of-234000-in-2019 and https://www.businessinsider.com/google-zurich-headquarters-tour-2018-1?r=US&IR=T
Ninap wrote: » We put our place In Dublin on the market in late Jan. Got bids of just below asking prior to Covid striking. Now sale agreed at about 3.5% below what we had been offered. So, just one straw in the wind, but the whole Covid thing doesn’t seem to have had a huge impact. And similarly for the places we are looking to buy. No big reductions in price.
smurgen wrote: » What ya want a medal? Would it have been better to repay at their average higher rates of the last few years or the newer lower rates down the line?
Cyrus wrote: » Just educating you , for a fella so interested in buying at the right time I’d have thought you would have a better grasp of interest rates. As for your second sentence it doesn’t make any sense really because there are a multitude of other factors . Some people have a life to get on with kids to get into schools etc etc so waiting around for a price drop isn’t something they can do, others have time and patience and they can. Do what works for you. We bought our house in December 17 , I don’t know if we put it up for sale tmrw if we would get what we paid but equally I don’t care , it’s irrelevant to me.
Pelezico wrote: » Irrelevant? I guess that is why you spend so much time here debunking any hint that house prices are falling. My advice....play with the kids more and comment less.
Cyrus wrote: » You should try and comprehend what someone is saying rather than trying to be quick witted . What my house is worth now is irrelevant to me. I live in it and I can afford it, and I’m happy here. If it was worth double what I paid or half doesn’t matter as long as those 3 criteria are filled. I’ll take the same heed of your advice as I do of your statistics, very little. At least you have had plenty of time to play with your kids seeing as your adult son is still at home.
Pelezico wrote: » It is little wonder that you debunk any hint of housing collapse. Maybe you are the guy who gazumped my son. December was peak housing and deep down....I bet you know it.
Pelezico wrote: » Sale agreed? Means not much. Exchange of contracts is what matters. Interesting that you have taken a reduction on original offer. The market is softening all right.
Pelezico wrote: » It is little wonder that you debunk any hint of housing collapse. Maybe you are the guy who gazumped my son.
Smiley11 wrote: » Can I ask prospective sellers...if you choose not to sell in these uncertain times, are you happy to wait it out & ride the wave per se? As in..if it takes years, can you sustain that? Not a smartass question in the slightest as I'm in a different predicament & don't want to wait. I'm a buyer, no chain. We have a bid in on a house we really want but no reaction from the agent bar "leave it with" him. I love the house but on the flipside I'm happy to wait too. Its definitely overpriced (we're the only bidders on what should be an extremely desirable house with a lot of work to do). I definitely have an emotional attachment to this house that my logical husband doesn't. I'm just interested to see if current sellers want or need to wait. We're very relieved not to have a house to sell at the moment simply because our house was not a very attractive purchase but suited the landlord who bought it after 14 months on the market!
fliball123 wrote: » Yeah you can put it up for rent (still good rental yeilds) and get a renter in and give them a 5 month contract until the market lifts, after 5 months tell them they can stay a wekk for free and start a new 5 month period. You only have to give 28 days notice then.
Smiley11 wrote: » Can I ask prospective sellers...if you choose not to sell in these uncertain times, are you happy to wait it out & ride the wave per se? As in..if it takes years, can you sustain that? Not a smartass question in the slightest as I'm in a different predicament & don't want to wait. I'm a buyer, no chain. We have a bid in on a house we really want but no reaction from the agent bar "leave it with" him. I love the house but on the flipside I'm happy to wait too. Its definitely overpriced (we're the only bidders on what should be an extremely desirable house with a lot of work to do). I definitely have an emotional attachment to this house that my logical husband doesn't. I'm just interested to see if current sellers want or need to wait.
fliball123 wrote: » Yeah you can put it up for rent (still good rental yeilds) and get a renter in and give them a 5 month contract until the market lifts, after 5 months tell them they can stay a wekk for free and start a new 5 month period. You only have to give 28 days notice then. Also the people on here saying no one can buy or will be able to buy with all the job losses yada yada forget that this country does not do evictions en mass so if someone has a gaff they will be able to stay in it for the long term (10 years +) in some scenarios even if they have no money coming in, they can just ignore the bank and cry to all the left leaning orgs who will listen and fight their case. So there is a lot of scope for people to sustain a property
Bass Reeves wrote: » Did you refuse any bids during the 14 months your property was on the market. Because if you did in a way there lies your answer. There is nowhere near the same conditions like 2007/8 for a sustained long term price collapse....well that my opinion anyway. There may be a short term 10%ish price reduction but what many forget it may not be a cross the board. The 2007-12 price collapse was not equally across the market just like the recovery was not. Sellers will be under nowhere near the pressure to sell. Most Investors still in the game have either come through the last crash or have bought during the last collapse so they should be able to weather this recession. There may be a certain amount of sellers under pressure but there are not ten of thousands of completed houses by builders to cause a collapse. If in your opinion the house is overpriced move onto another property
PropQueries wrote: » According to the Irish Independent, Ires Reit is to sell more than 150 apartments: https://www.independent.ie/business/commercial-property/ires-reit-to-sell-off-50m-in-assets-after-buoyant-first-half-39432452.html
JamesMason wrote: » Firesale has begun. More to be offloaded IMO
JJJackal wrote: » I doubt selling a small portion (likely at a profit) of your assets counts as a firesale
Graham wrote: » €50million for 150 apartments is a firesale now?
schmittel wrote: » It's understood Ireland's biggest landlord expects to net €50m... I guess €50m is the asking price. It will be interesting to see whether sale price is higher or lower.
JamesMason wrote: » At first a trickle...
