beauf wrote: » Debenhams was on life Support before Covid.https://www.rte.ie/news/business/2019/0409/1041510-battle-for-debenhams/
brisan wrote: » The op said that people on lower incomes don’t buy houses in the 500k range and don’t affect the property market I proved she was wrong If you agree with her then you too are wrong. I know people in hospitality who regularly take home 800 euro plus a week with wages overtime and tips Do you know the average tip take on Sunday afternoon tea in the shelbourne I do and I was shocked Do you know the average tip a wedding planner gets in a top hotel , often doing 2 or 3 a week I do because I paid two of them Granted some of those behind the scenes are on poor money but a lot are not Even those on low money some will rent and if they can’t afford rent , rents will drop as they are at the moment Lower yields means lower house prices
brisan wrote: » Replace Debenhams with Arnotts, Brown Thomas, Dunnes Stores Still seasonal temporary ???
Queasy Tadpole wrote: » Can anyone give an average time between a property being completely sold and finished and it going up on the property price register? There was a property we were interested in that sold over two months ago and I am very interested to know the final price since it was perfect but we were outbid even after stretching our budget.
rks wrote: » The other side of WFH:https://finance.yahoo.com/news/jpmorgan-young-employees-working-home-093148510.html
beauf wrote: » I guess everyone is wrong...https://www.cso.ie/en/releasesandpublications/ep/p-syi/psyi2017/econ/earn/https://www.thejournal.ie/tourism-unemployment-jobs-coronavirus-business-building-sites-5091372-May2020/https://www.irishtimes.com/news/image-of-low-paid-tourism-jobs-causes-recruitment-crisis-1.80645
brisan wrote: » You have proved my point People in those sectors losing their jobs will affect property prices
beauf wrote: » Except your point was that sector wasn't poorly paid compared to the others. Your point now seems that property prices will only move downwards now regardless of what happens or what ever is posted. Which people have been saying for 6 months or more at this point. They had already fallen first quarter pre lockdown.https://www.irishtimes.com/business/economy/house-prices-fall-3-in-three-months-says-myhome-ie-1.4290878 The lockdown interrupted that...https://www.irishtimes.com/business/economy/house-prices-rise-by-4-3-amid-lifting-of-covid-19-restrictions-report-says-1.4340523 If you say some thing is just about to happen long and often enough. You'll eventually be right.
brisan wrote: » of course I will and so will every bank and economist Property prices will fall of that there is no questionWhen and ny how much is the only unknown If you believe that house prices will not fall in a recession with record unemployment then you are entitled to that opinion.
brisan wrote: » of course I will and so will every bank and economist Property prices will fall of that there is no question When and ny how much is the only unknown If you believe that house prices will not fall in a recession with record unemployment then you are entitled to that opinion.
MacronvFrugals wrote: » I know its not representative of the whole market but Dublin 11 in the last 3 months 12 increases 49 decreases Overall decrease of -4%
Marius34 wrote: » And? what insights does it give? What does it tell about Dublin 11 market?
PropQueries wrote: » When? Already happening. "Glenveagh chief executive Stephen Garvey confirmed it has started cutting prices on more than 220 properties ranging in price from €500,000 up to €5m. The move forced a €20.3m write-off in the firm's interim accounts." Link to article in Irish Independent here: https://www.independent.ie/irish-news/developer-slashes-price-of-1m-four-bed-detached-homes-and-penthouses-39516239.html
€1m four-bed detached homes and penthouses
But page 75 of the document, seen by The Irish Times this week, appeared, at first glance, to be calling a peak in house prices in 2019, when its average selling price would reach between €340,000 and €410,000 before falling back to €315,000-€390,000 in 2020.
beauf wrote: » Must be a tourism hotspot?
beauf wrote: » I'm not sure what 100% decrease is in context of.
MacronvFrugals wrote: » Well theres a hell of a lot more 20k drops than any increases.
Marius34 wrote: » Yes, the point that it appears its always a case, regardless for which region, and which direction market is going.
The_Conductor wrote: » It all dates back to government policy which gave tenants significant discounts to purchase the local authority housing they were renting- without providing any compulsion on local authorities to replace the rental stock that they were divesting themselves of. Right now- the only sane solution- is building new council estates- and running them properly- and any antisocial behaviour on the part of tenants- gets properly punished- with immediate consequences. Local authorities should be accommodating those incapable of providing their own accommodation- not the private sector.
schmittel wrote: » If the theory that these companies are based here because of the well educated and highly skilled workforce then your point is valid - and long may it continue. There is another school of thought that suggests these companies are here because of our corporate tax rate, and it is a handy spot to account for the billions made in France, Germany, UK and beyond. If this theory is true then those jobs might start to look just as vulnerable as the baristas and bar staff. If France and Germany are being asked to bail out poorer EU neighbours in a global recession it is possible they might start to agitate a bit more about Ireland's tax arrangements. Our cosy relationships with FANG type tech companies might be about to come under a lot of pressure from the EU. If we need a favour, either because we need Covid cash or the EU to have our Brexit backs, we might find it tough to stare the tax critics down. And on Brexit - in less than 6 months time, the UK can do whatever they want to attract the FANG taxes and jobs. It's much more likely to be a carrot than a stick. On top of that, most of these companies are American. Perfectly possible the US might want to a slice of some of those taxes and jobs, either by carrot or stick. To counter the inevitable accusations of doommongery I'll reiterate that there is absolutely nothing to worry about if these companies are here for our abundant talents. But if they are here for the tax I would not be counting on 6 digit tech workers propping up the 600k South Dublin housing market. Apologies for bringing up global macroeconomics but it has some relevance.
Browney7 wrote: » Seems like they are motivated sellers and don't want to be tying up too much capital in stock. They can't pay the bills in bricks but they're clearly trying to flog stock that wasn't shifting
