Pelezico wrote: » Keep up the good work PropQueries. I do think there is no shortage of property out there, lots of it unoccupied or under utilised like former AirBnB property stock.
Marius34 wrote: » So you agree supplies for properties advertised on myhome didn't fall? Demands did fall? Then you are welcome to explain, how Number of properties on myhome fell from 21,5K to 15,6K in a year?
mcsean2163 wrote: » On October 1st it was 17,700, which was a 14 year low. I just checked now: 20,090 Properties for Sale in Ireland That's a pretty significant increase. As I say, with the new vaccine we may escape but right now I doubt many developers are looking to but to develop. I'm in Dublin 8. Huge new development at islandbridge completely unoccupied. That appears as maybe three properties, not 300, etc. We're thinking of buying now, we'll probably lose a lot but looking for family home... If you really think mass unemployment, huge state borrowing and a total collapse in tourism will not affect housing availability, ok then.....
Mic 1972 wrote: » Tourism is going to come back, Covid is not a permanent condition LLs who work in the accommodation business like Airbnb are holding on to their properties because they know it's only a matter of time before business comes back again. I'm trying to buy now too, prices aren't going to fall. They haven't done so in 2020 against all the odds, they won't fall in 2021
mcsean2163 wrote: » Here's islandbridgehttps://touch.daft.ie/for-rent/clancy-quay-by-kennedy-wilson-south-circular-road-dublin-8-co-dublin/2511232 246 apartments for rent and two advertisements. Another place like that near Harold's cross etc. I think when the pup tap is turned off the s&#t may hit the fan.
PropQueries wrote: » Interesting shovel ready site for sale in the docklands with FPP for 9 apartments and asking €800k. So that’s less than €90k per apartment site. Link to MyHome here: https://www.myhome.ie/commercial/brochure/church-road-abercorn-road-east-wall-dublin-3/4467724
Cyrus wrote: » What’s interesting about it to you ?
Marius34 wrote: » You mixing up daft with myhome. It's clearly 16k on myhome, which is another fall from 17.7K lows. I can't get how this means to you that supplies are stable and demands decreased.
mcsean2163 wrote: » The report didn't state myhome or daft, just the available supply.https://m.independent.ie/business/personal-finance/property-mortgages/housing-supply-at-its-lowest-in-14-years-as-prices-rise-by-5pc-despite-pandemic-39639539.html Are you and others in building/ auctioneer trade? I'm just a private individual on the market looking to buy and also sell! It seems crazy to deny the earthquake that has happened in property due to covid19. If I was a landlord with 3 properties all unrented and house prices as are I'd definitely be thinking risk mitigation. Anyway, we've gone with the asking price but are being long fingered, go figure... Maybe they were hoping to start a bidding war etc.
Pelezico wrote: » Numbers on the market have fallen...and fallen lots. What I find remarkable is the 7.5I sale agreeds on myhome, almost half the number still for sale. The number of sale agreeds has rocketed in the last six months. Are these being sold? Dont know.
Graham wrote: Where is there any suggestion of a 'rush'?
Graham wrote: It's a market, for developers to sell into. They're selling into it. Why wouldn't they?
Marius34 wrote: » I'm not in construction or anything. Residential Property is pure hobby for my last 17 years. I don't know what those reports mean, and what properties they take into account. But you not comparing likes with likes. Myhome had 17.5k Properties at the end of September. Now it's below 16K.
Timing belt wrote: » Why would a landlord sell when he knows with a high degree of certainty that he will be able to rent it out. If he was to sell there is hardly any other investment that will give a return like that. If he puts the money in the bank he will be charged negative rates. Unless the supply of housing stock is addressed it is one of the safest assets giving such a return and people need to live somewhere.
Villa05 wrote: » Is social and affordable the first market a developer sells into? If your selling an apartment to the public for close to half a mill, I'm sure you would want to make sure they are roped in before you start selling for social/affordable It does appear that developers and government are back in bed together doing all that they can to prop up prices They have taxpayers, market renters and buyers well and truly over a barrel.
Pelezico wrote: » Nobody who is buying or selling a house can dispute the fact that numbers for sale have fallen quite dramatically this year. I wonder where this will end. Will numbers reduce below 10000? Maybe not that low.
Marius34 wrote: » The lowest point it reaching typically in January. I don't think we will see it going below 10K.
Pelezico wrote: » Numbers on the market have fallen...and fallen lots.
Mic 1972 wrote: » it means that people are still buying a lot, hence prices are still increasing
Pelezico wrote: » But numbers sold have also fallencery significantly so this is not true. Anyone know how many were sold in September vs September 2019? I cant access PPR like before.
cubatahavana wrote: » Are you banned?
cubatahavana wrote: » Quick screenshot. Sales way below other years it seems
Pelezico wrote: » There is litle cost for holding property....so people wont sell. We will have sellers strike...actually we are having one now. I was out walking yesterday and stopped for coffee at the outdoor coffee shop.I overheard a middleaged man saying he had stopped paying his mortgage six.months ago. We have a payment strike too , at least in part. I assume some renters are not paying rent either. Where will it end?
