JJJackal wrote: » I was more referring to the EU immigration component If there isnt the growth you speak of immigration will continue esp after Brexit
JJJackal wrote: » If there isnt the growth you speak of immigration will continue esp after Brexit
PropQueries wrote: » In relation to the possibilities of immigration due to Brexit, it may actually have the opposite effect. RTE last year reported (article posted by another user some time back) "We saw some banks moving offices but not the boost that was expected at all. Anecdotally, a number of jobs that did migrate to Dublin were filled from with the [bank's] network so there was no net gain for banking jobs here." Most banks in the UK have already decided where they are going in the event of a hard Brexit and it's continental Europe, not Ireland. As an aside to the hoped for banking related jobs boost from Brexit, many of the jobs in the IFSC are back-office support jobs e.g. fund administration etc. for British based funds. If the EU plays hardball, it works both ways. The fund administration jobs in the IFSC may return to the UK. The other big back-office fund administration centre in the EU is Luxembourg. That's where many of the back office support jobs for continental based funds are already administered from. So, there's actually a strong possibility that we may actually lose highly paid service based jobs in the event of a hard Brexit notwithstanding the impact on agriculture etc. Link to RTE article here: https://www.rte.ie/news/2019/0722/1064429-job-vacancies-drop-brexit/
schmittel wrote: » The idea of the big banking and finance jobs moving from London to Dublin was always wishful thinking. Very few of those top level employees would be happy swapping London for Dublin.
Islander13 wrote: » I think this is the first year in a few we might see some proper price inflation in dublin housing. 5/10% up over next 12 months I'd predict. So much cash on the sidelines and people will be prioritising home expenditure more than ever now thats where we're spending all our time
Hubertj wrote: » It wasn’t wishful thinking, other locations were chosen in some cases while other banks are hedging best on more than 1 location.Employees will relocate if the package offered is appropriate. It also enhances career progression and opportunities.
edjkdkjdhjkd wrote: » You do realize we are facing the biggest recession in history, which won't properly unfold until the Covid payments from the government are curtailed. During the GFC of 2008 the global economy did not stop for even a single day, the global economy has been in lockdown and severely hamstringed for 6 months now. Let that sink in
CertifiedSimp wrote: » https://www.myhome.ie/residential/brochure/38-straffan-grove-maynooth-co-kildare-maynooth-kildare/4373580 2 bed apt in Maynooth. Advertise at 185k. Sold for 180k.
Mic 1972 wrote: » EU countries are printing money to keep the economy going, everyone who have savings in the bank right now should worry, as inflation will hit hard
CertifiedSimp wrote: » Would love to see migration stats from non EEA countries for last few months.
CertifiedSimp wrote: » 5 Kingsbry Maynooth. Advertised 245k. Sold for 242k. Not massive but properties beginning to be sold for under asking.
Pelezico wrote: » Interesting....back to 2017 levels.
bulmersgal wrote: » That apartment was awful looking. Anything decent is going for 225k+ in maynooth some coming up a bit cheaper but then bidding war conmences. I was looking at duplex in Newcastle Dublin went up Thursday for 199k, emailed for viewing immediately, Monday received email saying viewings would be on Saturday, Tuesday it priced changed to 225k. Friday received email informing me current bid was 235k and did I still want to come for first viewing. It's crazy out there at the moment.
Sam Hain wrote: » That particular apartment must have been on the market for over two years. Not an impressive property by any stretch of the imagination.
Islander13 wrote: » I've considered that and it has sunk in. The scale of both existing cash in the system (Irish deposits at all time high) combined with future central bank liquidity mean plenty of firepower available to households. Yes, certain sectors of the economy in trouble (retail hospitality etc) but not enough to counterbalance the fundamentals. Plus the supply shortfall in Ireland should amplify the solid footing of the market Now a good time to buy in my opinion
“Now is the right time to buy. We have a duty to tell first-time house buyers, young couples with no previous experience, that there is unbelievable value in the marketplace today. It will not last forever. It is never the wrong time to do the right thing. I offer the House the benefit of my experience and my opinion which is all any Member can do. I will remind the House, perhaps in 12 or 18 months, when prices have again increased by 25% or 30%, that they were told this by the Leader of the House on this historic day, the tenth anniversary of the Good Friday Agreement.”
edjkdkjdhjkd wrote: » Ah to be naive again. Come back 1 year after the covid payment has ceased and you will find a buyers market. The areas we are planning to purchase an investment property in (Ballyfermot, Drimnagh) within the next 2 years are already dropping, i wouldn't be surprised if they drop 20% or more from now - 2022
Hawthorn Tree wrote: » You sound like Donie Cassidy (FF) of Clifden Golfgate fame. He was trying to shift loads of properties in Dublin and he used his position as Leader of the Seanad to convince young people to buy houses. April 2008 It is highly unlikely that now is not a good time to buy houses. The economic impacts of Covid19 will take years to play out. Years. For a start, over 500,000 people (could be 600,000) are getting wage subsidies or pandemic unemployment payments from the government. We will not know where we stand until those payments start to dry up next year.
