Pelezico wrote: » Has anyone else noticed that the search capacity of the residential property register seems to have deteriorated in the last week?
Pelezico wrote: » A lot of houses sale agreed 7000+. What is conversion rate to sold?
B Rabbit wrote: » In what way do you mean? Slower or does it show less results than before?
awec wrote: » The search has changed so you get a max of 2000 results now. You could still get the data for July 2020, but you'd need to go county-by-county to stay under the 2000 then add it all up.
Pelezico wrote: » It is deliberate obfuscation of data which should be easily available.
Local estate agent, Owen Reilly, also lives in the area and manages an estate of 500 apartments. He argues that any sense of a quarter in crisis is vastly overblown, and that the worst has passed. He insists the tech companies are once again renting apartments nearby, as staff continue to join their operations even as they must work from home. Any “void” in absent tech workers was quickly filled by others from financial services, he says. Reilly says 60 per cent of rentals in the second quarter last year were to tech workers: in the same period this year, that had dropped to 36 per cent. But the tech trend has recovered in the third quarter, he says. “There is particularly strong demand from Amazon. The market has stabilised,” he insists. In Q2 last year, only 8 per cent of new tenants were Irish. This year, it was 17 per cent. There has also been a “pick-up” in Indian workers seeking accommodation.
Assetbacked wrote: » We'll need more linear metres of foil it seems.
Graham wrote: » Mod Note if you'd like to continue the general discussion of global job losses or RTE reporting of same, please take it to the appropriate forum.
Assetbacked wrote: » An article describing the Grand Canal Dock area on Tuesday evening gone; a total ghost town with no workers at all at 5:30 in the evening. I have to laugh at this;
pearcider wrote: » It would be great if we could have impartial moderation in here, just once, instead of blatant attempts to censor posters who dare to “talk down the market”. Clearly a deterioration of the job market is going to have an impact on the property market. You can only ignore the writing on the wall for so long.
Pelezico wrote: » Are you kidding? Without moderation this board would have gone in a thousand directions. We have had several neo misses.
MacronvFrugals wrote: » I think its a Neo phobia you have :P
Assetbacked wrote: » https://www.irishtimes.com/business/technology/silicon-docks-where-the-streets-have-no-people-1.4351558 An article describing the Grand Canal Dock area on Tuesday evening gone; a total ghost town with no workers at all at 5:30 in the evening. I have to laugh at this;
Pelezico wrote: » Be afraid...be very afraid. That word is banned, and with good reason.
Hubertj wrote: » I go jogging through there a lot. It is very very quiet. I have noticed slightly more people over the last month or so but still dead. Ran the quays all the way down to brewdog the other morning and not 1 person.
neutral guy wrote: » Do you know how much cost daily for Dublin city couple thousands of Google workers who seating at home and make sandwiches at home as well ? How many them at home now ? It is just Google,what about others ? Do you know how many cafe,restaraunts,retail will never recover ? What about those cafe workers ? Were they live,own property ? How long they will pay historicaly high rent prices in Dublin without having a job ?
Assetbacked wrote: » It's not tinfoil hat stuff with respect to the MNCs. Look at the Data Protection Commissioner as an example; it should be the gatekeeper for GDPR in Europe, making sure the big techs are kept in line but it is headed by a fairly toothless civil servant and given a small budget on purpose. It announces statutory enquiries into the big techs but then mysteriously nothing is ever heard again;https://www.dataprotection.ie/en/data-protection-commission-launches-statutory-inquiry-googles-processing-location-data-andhttps://www.dataprotection.ie/en/news-media/press-releases/data-protection-commission-opens-statutory-inquiry-google-ireland-limitedhttps://www.dataprotection.ie/en/news-media/press-releases/data-protection-commission-opens-statutory-inquiry-facebook-0 10 linear metres should do us;https://shop.supervalu.ie/shopping/product/1141137000
Assetbacked wrote: » Yeah, I mean they don't look major in the grand scheme of things, certainly not compared to the losses in hospitality, retail and travel. The big thing to watch is whether the projects to lease the large office complexes for the likes of Facebook, LinkedIn and Amazon still go ahead.
L1011 wrote: » Data Protection Commissioner is relevant to the thread how?
Graham wrote: » WeWork is an interesting one to watch given current events. There's a chance they'll benefit from companies seeking more flexible office arrangements if finances allow them to stick around long enough.
Assetbacked wrote: » "Don't look a gift horse in the mouth" attitude to anti-democratic, monopolistic, tax avoiding multi-nationals just because of the jobs they bring to the economy. It extends to the DPC who is given a token office and budget but is really just for show as Ireland doesn't want to upset the Googles and the Facebooks. Of relevance to the property market? The jobs they bring is more important than the quality of life in Dublin which they are contributing to eroding by creating more demand for a dwindling pool of rentals, aiding an out-of-control rental market which is now spiralling downwards. That's the best I can do.
