neutral guy wrote: » Heard many similar stories in 2007.
Bass Reeves wrote: » But in 2007 the people quing up would be buying there 3rd or 4th house, this time they are queing for there first house
manniot2 wrote: » Brother was at a viewing in Dublin city Centre this evening. About 20 parties queuing when he arrived. Some life left yet in the city hopefully.
Potatoeman wrote: » It won’t be chaos, it will be a saddle on you to pay for those that won’t work as foreign investment runs to avoid the socialists looking to steal their assets.
Darc19 wrote: » Vacant possession gets a better price, so the chances are that any that became vacant over the past 12 months were not let out. Usually these funds plan sales many months in advance.
Pelezico wrote: » You reckon? I bet these show up in the next census as vacant possession to add to all the other houses in Dublin which are vacant. How can an asset which is supposed to be an income stream be worth more by not producing money?
awec wrote: » Vacant opens you to a wider pool of buyers.
Pelezico wrote: » They are selling these as a block of apartments. One buyer for the lot. I reckon they cant achieve full occupancy and hence they are very vacant.
Darc19 wrote: » That's still 4.5% gross and long term investors would accept that easily.
Taylor365 wrote: » That's a liability for anyone but big business.
Assetbacked wrote: » That's not true. The cost of sustaining the handout class becomes a lot cheaper when housing is inexpensive.
Augeo wrote: » I fear the handout class will grow once/if the waiting list to get a forever home shortens.
Leozord wrote: » Highest surge in asking price since Q1 2017 More details in: https://www.myhome.ie/reports By looking at it, this Q3 was the "best" this year for covid when it comes to economic activity. It was expected that the price would go up. I don't think the same will happen in Q4, but let's wait and see how it goes.
Augeo wrote: » Plenty were in a queue for their first home in 2007 trying to get on the ladder, let's not pretend it was all buy to let folk.
fliball123 wrote: » Am I reading that correctly that asking prices in Q3 are up?? That is completely running against what a lot of posters are spouting on here and would back what I have been saying. Can we believe a source like myhome (vested interest) ?? But it is only asking price so we will have to wait for Q3 selling prices via CSO and PPR. Also the amount of properties available on myhome is down again at least 500 properties less now available for sale today than this day last month. Also via PPR an increase in activity for the last 2 weeks. (not much about 150 extra properties sold) it will be interesting to see if this keeps going up.
Smouse156 wrote: » Dropped from 725k (165k drop) Check out this property I found using Daft: https://www.daft.ie/12116186 I guess with the collapse of rental demand, no justification for high apartment prices. It’s also ultra annoying those websites do not show the price drops, just re-list at a lower price
Bass Reeves wrote: » There was a lot of other factors in play in 2007 that are not in play now. Builders had gone to the stage of not preselling houses and completing whole estates before a house was put up for sale. Banks were lending virtually unlimited amounts to both builders and house buyers. Even small builders were allowed to carry 5-10 houses to construction stage. People comparing now to 2007 is like comparing apples to oranges. In a village near me there was a builder with 8 houses completed unsold, another development with about 5houses complete, a developer who has accumulated 2pieces of adjoining land and three houses at a cost of about 3 million, average site cost approximately 40k in a village 10-15miles from Limerick City. Nearly every village or town with in 20 miles of Limerick was similar. Cork, and Galway were worse.
Dick Turnip wrote: » Yes, I've noticed that too. A house I viewed in July for 325k I see is now at 295k but they simply took down the old one and reposted as a new ad so the price drop wouldn't show. If possible, Daft should link a listing by eircode to avoid this.
PropQueries wrote: » But transactions in Q3 were still down by a third compared to the same quarter last year, so I don't see where all this demand is that is being reported. In relation to the activity on the PPR, I read recently that since the filing of stamp duty has now moved fully online (from 1st September), this may result in a short term increase in PPR numbers or make them more up to date or make comparisons with the same month last year a bit more difficult? If there's a solicitor etc. here who could advise if this would be correct?
Augeo wrote: » I just pointed out plenty ftb people queued in 2007 ...... After you stated something about those queuing were doing so for their 3rd & 4th house which is largely untrue.
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