mcsean2163 wrote: » Yep, if I'd be really annoyed if I lived in continental Europe. Facilitating US giants paying no tax is not cool. China banned them in 2009, that seems ott but they should be taxed like there's no tomorrow as they're destroying global local industry. Anyway bit off topic except to say if it happens, the property market would likely experience a significant shock!
Assetbacked wrote: » India will be the next country to feel the green meat of the Leprechaun rooting around inside its economy on behalf of the big tech MNCs expanding their operations there. The bulking up of Indian employees in Dublin points to plans to justify this practice by providing that there is a significant operational presence in Ireland justifying shifting revenues from India through the jurisdiction. Why is that relevant to Irish property? Continued Big Tech success in Ireland in terms of employee numbers, offsetting some economic fallout from covid, meaning some new source of demand for rentals.
Smouse156 wrote: » Back to property, noticed more price drops on new developments (transacted prices, not asking): Brighton Wood Foxrock: Nos 1&2: sold for €675k (asking 725k) No 44: sold for €1276k (asking 1500k) Considering they had no sales since pandemic hit bar the above listed I’m assuming one could get a decent reduction on the asking prices (which are still the same as pre-Covid). Thank God for the PPR Check out this property I found using Daft: https://www.daft.ie/9106028
brisan wrote: » Are you including VAT in the new build sales ??
Cyrus wrote: » still pretty pricey per sq foot, 1&2 are only 114m2
Smouse156 wrote: » Oh the prices are still crazy no doubt! But at least they’re dropping. People were willing to pay the mad prices last year there
cojomo2 wrote: » I closed a sale last week , it appeared on the register today.
mel123 wrote: » I closed end of May, still not showing up
Claw Hammer wrote: » Did you get a receipt for your Stamp Duty.
MacronvFrugals wrote: » Quick one folks, See the Property Price Register, is the price sold on that 100% accurate as in what the buyer paid?
Cyrus wrote: » it should be yes, its provided by the solicitor as part of the stamp duty formalities.
cubatahavana wrote: » Unless it’s a new build, then you need to deduct 13% VAT
jill_valentine wrote: » Quick question - I see a lot of "Sold with tenancies in place" appearing in the low price bracket lately. Are these essentially "discounted" to compensate for the fact you're going to have to go to the rounds of evicting somebody if you want to live there? What are the reasons a tenant is left in place when a place is sold?
Cantstandsya wrote: » They aren't operating in the same market as the rest of the houses. No bank will give you a mortgage without vacant possession so it's cash buyers only.
PropQueries wrote: » I'd believe that many of the smaller developers are holding out for the budget to see if there's anything in it to keep prices steady. If there's not, I would predict many will start following Glenveagh's lead and start dropping their advertised prices very significantly just to get their money back at least, never mind a profit. Even if there is, it will be a stop-gap measure. If they did increase the help-to-buy to €85k as the developers are lobbying for, that measure would be removed within two years (due to budget constraints) and the prices would drop anyway. Will potential buyers realise this and hold out? Some obviously will want/ need to still buy but I would reckon professional investors would be very wary of such incentives. Would be good for first time buyers if investors did show less interest though.
The_Conductor wrote: » They already got an additional 10k in the fillip that was given to first time buyers- if they imagine there are more goodies coming on the way, they're not going to be happy. At the moment we are spending money like there is no tomorrow- because we can- but there is already an end-date on borrow and spend- when the Commission will re-assert budget rules on member states. Keep in mind- we're paying between 8 and 9 billion on servicing debt per annum- and thats at ultra low interest rates. If/when rates rise- its going to hurt badly. If developers think there is something in the budget for them- they have another thing coming.
cnocbui wrote: » Reading between the lines, there is a good chance they will call them back if they will be slugged more tax, which they should be. This country offers a low corporate tax rate as there is a belief the employment generated is worth the discount. If the Multinationals stop holding up their end of the deal, even the Irish government might be stirred to do something.
