Pelezico wrote: » Do you believe the government is holding up the housing market by buying houses? I cant see that myself.
fliball123 wrote: » There seems to be a rise in property selling the ppr graph page gives a small snapshot of the last 5 weeks and week on week property sales are on the uphttps://propertypriceregisterireland.com/graphs/
PropQueries wrote: » But wouldn't the sales agreed over the summer months only be entering the system about now?
Graham wrote: Are you referring to the hypothetical discussion about future provision of social housing that's unlikely to change in the context of a discussion of the Irish Property Market 2020?
fliball123 wrote: » Its a rolling target it means that property sales are going up even if it is like you outline the summer months sales data. Anyone know the lag time for actually selling and going up on PPR
Pelezico wrote: » There is a guy on the saving for a mortgage thread who will net 25k after tax this year. He can save 19k annually but 20k this year because of covid. This is extraordinary discipline and dedication. I have said previously said that there are some dudes out there saving serious quantities of cash even during the deepest recession of modern times. This must impact the housing market at some level. I must tell my son about this. He boasts about himself and gf saving 40k between hem this year with bonus as if that is an achievement. This guy puts them to shame.
brisan wrote: » Do you believe he can pay rent ,transport ,food (he entertains his friends at home ) clothes Wifi phone bills all out of 100+ EURO I dont
Yyhhuuu wrote: » I expect all outgoing are factored in calculations. I personally manage to save over 19k per annum pre covid, now post covid approx. 20k Saved per annum on net after tax income of over 25k. My income should be increasing so I hope to save more. Delighted with what I've saved so far and really enjoy it. I dont drive, dont drink and dont smoke and dont eat out as it's usually unhealthy salt and fat laden food. I entertain my friends at home. I hope everyone else achieves their goals. Best of luck
Mortgagemisc wrote: » How does he get to work? Petrol, car, insurance, tax, upkeep, is he getting the bus or bumbing a lift. Is he living at home or sleeping on the streets
Bubbaclaus wrote: » In fairness, if you are living a very simple life and have no mortgage/rent to be paying, 15 euro a day (100pw) seems like plenty to live off. It wouldn't be exciting, but it is doable.
Bubbaclaus wrote: » Well pre COVID I was walking to work, which is free, so maybe he can do the same. Or cycle. From memory, i think he fully owns his own property. So no mortgage or rent to be paying.
Sierra Oscar wrote: » I had a read back over the Property Market 2020 thread earlier, specifically looking back over the commentary during the early stages of the pandemic. Naturally some people were predicting a market collapse, but regardless of that most people thought we would have had a notable downturn in market prices by the end of the year - i.e. now. In reality we are looking at modest falls for 2020, if at all. Same story across Europe too. Who knows what is ahead for us in 2021, but a lot of people have been way off the mark with their pandemic predictions thus far. Regardless it's all a fairly clear indication that house prices will stay high so long as we are unable to get to grips with the supply challenge that we face. Worth noting that demand remains strong despite the pandemic too. Unsurprising given the effect the pandemic has had on limiting supply.
brisan wrote: » No phone ,no laptop ,no wi-fi (how does he post here ) No netflix ,no TV no ITunes etc Clothes ,gas electricity ,transport etc Unless he is living at his parents and not handing up a penny it is not possible He says he entertains his friends at home That must be a barrel of laughs It would be a good exercise for the Journals "How I spend my money " feature
Sierra Oscar wrote: » I had a read back over the Unsurprising given the effect the pandemic has had on limiting supply.
PropQueries wrote: » We’re still expected to build c. 20,000 units this year according to Goodbody two weeks ago. Not far off the c. 21,000 units we built in 2019. Executor sales (non-Covid related) continue to add to supply. Net inward migration must be well below forecasts for the year. There’s been no such limiting of supply this year that would have had such an unforeseen adverse impact on the market that wouldn’t have been predicted in January pre-Covid IMO
brisan wrote: » We Will have to wait till the life support is switched off When EWSS and PUP are stopped then we see who survives and who does not Redundancies for the first 10 months of the year are double last years total Covid will have to be paid off and banks will all those domestic ,commercial ,and mortgage loans paid back Unemployment figures will rise as has been predicted Wait till the dust settles and see how much economic scarring we are left with
brisan wrote: » (He says he entertains his friends at home That must be a barrel of laughs) :D:D
brisan wrote: » We Will have to wait till the life support is switched off When EWSS and PUP are stopped then we see who survives and who does not Redundancies for the first 10 months of the year are double last years totalCovid will have to be paid off and banks will all those domestic ,commercial ,and mortgage loans paid back Unemployment figures will rise as has been predicted Wait till the dust settles and see how much economic scarring we are left with
thefridge2006 wrote: » Nice move by Google to look like the nice guys but I think its down to them knowing they wouldn't be able to achieve the rents in mind. Would anybody know if this is a loophole regarding the rent ceiling and if they rent it to a charity/not for profit company will they be able to take it back in a few years and charge whatever rent they like then and `skip the 4% max increase?https://www.irishtimes.com/business/commercial-property/google-to-offer-46-bolands-mills-apartments-to-key-workers-at-reduced-rent-1.4413749
PropQueries wrote: » But the most recent CBRE report on the property market stated the many of the bigger developers have been having discussions with the Government in relation to buying/leasing their units. This may be one of the primary reasons why the number of homes available for sale in MyHome has actually fallen and why rents haven't dropped as significantly as would have been predicted on Daft etc. i.e. they're not releasing them into the market in the hope of getting some (I would say most) of that extra cash that was allocated to housing in this years budget. This may have resulted in prices/rents not dropping by as much as predicted so far this year i.e. the Governments policy on the future provision of social housing may actually be causing short-term supply shortages in today's market. But I do understand that a discussion on how the councils intend to provide for social housing in future is more relevant to the social housing thread.
Sierra Oscar wrote: » Yeah, I mean I would ordinarily think that this would be the case but to be honest it's looking like the ECB response to Covid-19 will be much more quantitative easing in 2021 and perhaps beyond. I would be concerned about the impact this will have on the housing market long-term. We already know that quantitative easing as a result of the previous financial crisis has led to a massive increase in the value of property as institutional investors are able to outbid individual buyers. It's no surprise considering interest rates are so low. It's partly why we are where we are now with property prices. Why do we think further quantitative easing is going to play out any different this time around? Especially when you consider the ECB has signaled that it will keep interest rates at 0% for potentially years, meaning that investment in property is one of the few ways in which you can relatively safely make money on your investment. I mean the ECB had been eager to start moving away from quantitative easing pre-pandemic partly due to the distorting effect it is having on housing markets all over the EU. Now we have a situation where quantitative easing is at unprecedented levels and concerns for the housing market has gone way down the list of priorities, which is understandable considering the grave threat the pandemic poses to national economies. However at the end of the day this money that has been created to fight the financial consequences of the pandemic will end up being invested somewhere as it is consolidated by institutional investors in the coming years. I don't see it going into savings accounts. It's very concerning. I actually think that long-term this will be one of the largest societal impacts of the pandemic and it could reshape politics across Europe. Banking & Payments Federation of Ireland reckon it will be around 18,000. Regardless the Housing Agency reckon we need approximately 20,300 new units annually just to keep up with current demand. We aren't going to see the big increase in supply that will lead to a reduction in prices.
Marius34 wrote: » That would be the lowest numbers by any of the estimates I have seen, most are within 26k to 40K. Where have you seen those numbers?
