Lolle06 wrote: » Of course, you are right and other ppl are wrong - considering your vast knowledge of ppl working in the Shelbourne etc. I would guess, there are more „behind the scenes“ workers who are on the minimum wage and can’t rely on irregular, completely voluntary „tips“. I wonder if there are many mortgage lenders who consider the „tip“ as income? You wouldn’t know that too, by any chance? Anyway, my query was to your reference that a shop worker on a lower income could marry „above their station“. I simply asked you, what you meant by „above their station“? Because, believe it or not, that sounds fairly elitist.
thefridge2006 wrote: » Property prices down 0.5% in year to Julyhttps://www.irishtimes.com/business/economy/property-prices-down-0-5-in-year-to-july-1.4356260 seems like a drop is happening...... down 1.3% in Dublin. would have been a bigger decrease if it wasn't for the small bit of pent up demand causing mini bidding wars
MacronvFrugals wrote: » They're really nice for the money, didnt think it was possible to build that cheap even in portlaoise
PropQueries wrote: » Here you go in the SCSI report in July 2020 "The Real Cost of New Housing Delivery" published in July 2020, they put the cost of building a 114 sq.m. home at €371,311, split between €178,902 hard costs and €192,409 soft costs. Link to SCSI report here: https://www.scsi.ie/documents/get_lob?id=1551&field=file The above is an average of build costs between small and large developers. My understanding is that Cairn Homes build their A-rated 3-bed semis for under €120k as they have scale. A terraced a-rated home e.g. an A-rated version of an ex-corporation house should probably cost well less than €110k to build.
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
IK09 wrote: » Hey guys, What is the website that Ive seen here before where people can check the purchase price of a property?
PropQueries wrote: » Breakdown of Soft Costs: Professional Fees: €5,650 Levies: €13,984 Land and Acquisition Costs: €60,823 Sales, Marketing and Legal Fees: €8,400 Finance Costs: €16,716 Margin: €42,671 VAT: €44,165 Total Soft Costs: €192,409 I would assume most, if not all, of these could be cut for council houses? If the council and government really wanted to of course. In Portlaoise, private developers are asking €212,000 for 92sq.m. A-rated 3-bed semis. I'm sure the council (if they wanted to) could easily build terraced a-rated council houses on state land in Dublin for half those asking prices. Link to MyHome here: https://www.myhome.ie/residential/brochure/202-16-clonkeen-view-bellingham-portlaoise-laois/4401935
Mic 1972 wrote: » D7 isn't dropping, i check it daily in the last 2-3 week some very expensive apartments have been added. Asking prices are through the roof in the area
awec wrote: » Even so, councils will not be able to waive all of the other costs.
PropQueries wrote: » The debate was on the cost of building council houses, not houses for sale to the private market.
awec wrote: » Right, so when you said "it costs 100-150k to build an A rated 3 bed house", what you really meant to say was if you don't have to pay for land or finance or marketing or legal or taxes any other soft cost then it's possible. That is to say, it is not at all the norm to build an a rated 3 bed house for this money.
PropQueries wrote: » If they're built by the council as they were in the past, they shouldn't have all the so-called 'soft costs' e.g. land, marketing, finance costs (government finance costs are currently zero) etc. etc. So, not "being deliberately disingenuous".
awec wrote: » It's because he's being deliberately disingenuous, and only calling out one part of the cost.
GreeBo wrote: » do you have a link to those costs for A rated homes? That looks far cheaper than I would expect.
Geuze wrote: » A 1960s semiD in a nice area of Salthill made 691k. Was asking 595k. Madness.
PropQueries wrote: » I don't think they gave them significant discounts on the actual build cost. A-rated 3 bed homes today only cost between €110k - €150k to build and most council homes were so cheaply built, they couldn't have cost more than €20k to build at the time.
HotDudeLife wrote: » FWIW, the areas i have quickly "researched" (D7, D11, D12) all seem to be dropping in both asking and sales prices. .
Hubertj wrote: » There is a lot of hypocrisy in Europe though. France has Monaco, other large countries use Luxembourg and Switzerland , UK uses Channel Islands and Isle of Man, us use caymans etc. Ireland doesn’t have luxury of offshoring its tax ‘avoidance’ measures.
Pelezico wrote: » Sweeping generalisations and a couple of one liners. Amusing but hardly inspiring.
Bass Reeves wrote: » Rubbish even if you take your senario, people are only bidding in months 3-6, PPR reflects prices paid in general about 2-4 months ago not 8months. Anybody starting buying usually is looking at prices 6-12 months before starting the process. But when they start looking and activity buying is when they get an idea of what there funds will allow them to buy.
schmittel wrote: » Generally not a fan of McWilliams, but credit where it is due: Brilliant!
schmittel wrote: » Article in today's IT on our tax arrangements suggesting we are in the cross hairs: Will Ireland’s long winning streak on tax soon come to an end?
PropQueries wrote: » I think another poster did a timeline of this before. I couldn't find it but below was the gist of it. Timeline from when first looking to buy a house to the transaction being registered in the CSO and Property Price Register:Month 1 - 3: Looking for a home to buy. The price someone is willing to pay is most likely based on the prices they see advertised during this period.Month 3 - 6: They make their bids on the houses they like.Month 6 - 8: Mortgage drawn down and keys handed over. Solicitor has 44 more days to register the sale from the date the money is handed over so that the sale will be recorded on the property price register. In other words, the prices recorded by the CSO and the Property Price Register are more likely to reflect the housing market that existed back in January 2020 or late 2019 than today.
