Marius34 wrote: » Yes, the point that it appears its always a case, regardless for which region, and which direction market is going.
MacronvFrugals wrote: » Well theres a hell of a lot more 20k drops than any increases.
Marius34 wrote: » And? what insights does it give? What does it tell about Dublin 11 market?
beauf wrote: » I'm not sure what 100% decrease is in context of.
beauf wrote: » Must be a tourism hotspot?
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.
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%
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.
rks wrote: » The other side of WFH:https://finance.yahoo.com/news/jpmorgan-young-employees-working-home-093148510.html
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.
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: » You have proved my point People in those sectors losing their jobs will affect property prices
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
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.
brisan wrote: » Replace Debenhams with Arnotts, Brown Thomas, Dunnes Stores Still seasonal temporary ???
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
beauf wrote: » Debenhams was on life Support before Covid.https://www.rte.ie/news/business/2019/0409/1041510-battle-for-debenhams/
brisan wrote: » Debenhams workers with 20 years service . Seasonal temporary workers Put the shovel down and stop digging
Pelezico wrote: » Saddest? You have had a good life if you are saddened by boards.ie.
schmittel wrote: » I am not saying I think suddenly all MNC tech will rush for the exits, and I get that there arguments why they will stay, but other than the fact maintaining the status quo is the path of least resistance, I don't think any of those arguments are any stronger than the arguments that there may be trouble ahead. My post was in the context of people saying sure, it's only all the low paid travel and hospitality folk losing their jobs, tech is flying and the tech lads are buying houses like they're going out of fashion, no downward pressure on property prices. My point is given the global recession caused by the coronavirus, added to the various geopolitical issues currently bubbling, I think it is naive to assume that the tech sector in Ireland is not facing any headwinds.
Facebook’s revenue, which is derived entirely from ads, has grown from $2 billion in 2012 to $70 billion since in 2019. Europe is an important market for Facebook. It has 394 million active users there, 16 per cent of the global total. Europe accounts for 23 per cent of global revenue, or $16 billion. Dublin is home to Facebook’s European headquarters.
Cantstandsya wrote: » I think the balkanisation of boards.ie is one the saddest online trends of the last few years. People so worried about cross contaminating their little fiefdoms with "off topic" content that we have ten million sections catering to every niche interest imaginable... And not a sinner posting in most of them.
