thefridge2006 wrote: » Covid-19 will worsen housing affordability, report warnshttps://www.irishtimes.com/business/economy/covid-19-will-worsen-housing-affordability-report-warns-1.4416994 Is it starting to hit home a bit more. This report is painting an extremely bleak picture. The property bulls might want to look away
[Deleted User] wrote: » Government saying today there wont be any room for public sector pay increases in the next round of talks due to the cost of the pandemic. Little reminder to people that this pandemic needs to be paid for. I'd imagine there will austerity down the road as we emerge from the crisis which could impact affordability and house prices.
Cantstandsya wrote: » That article says prices will drop on 2021.
TheSheriff wrote: » Particularly bleak. Those property bears, eagerly awaiting the meltdown should probably also look away - most on here are likely mortgage reliant. Nobody wins in the above, only successive generations confined to rent.
Cyrus wrote: » this unsurprisingly didnt find any takers at the guts of 900k, down to 850k now, id have thought late 7's is more likelyhttps://www.myhome.ie/residential/brochure/40-mapas-road-dalkey-county-dublin/4468625
thefridge2006 wrote: » Agreed. There will be a lot of pain in the coming years whether your a bull or a bear. it seems like its going to crash hard
TheSheriff wrote: » No, that's not what the article implies, at all.
thefridge2006 wrote: » That its going to crash hard? that's my opinion. That article is certainly flashing a lot of warning lights that would further my beliefs
The agency expects house prices to decline in 2021 before recovering again in 2022 on the back of a wider post-crisis economic rebound.
Graham wrote: » Are you reading a different article?
thefridge2006 wrote: » Ah sorry, everything will be back to normal in 2022 so.... get real. Whats the stages of a recession? Denial ? Anger ? Bargaining ? Acceptance?
Reins wrote: » Does anyone know off the top of their head what percentage has Dublin property prices increased by ,looking for Nov '19 to Nov '20?(roughly) thanks
cnocbui wrote: » Believing an article's predictions about the future as if it's certainty - get real.
TheSheriff wrote: » So now we shouldn't believe the article ? You posted it with a narrative that's it's a sign of a huge crash ? Your not even making sense to be honest. Perhaps read and understand the article before linking to it ?
thefridge2006 wrote: » You're in between denial and anger it would seem
Timing belt wrote: » Have you read the actual moody report? They are calling out Southern Europe and UK as the risky areas because of tourism and Brexit. The report is on Europe and not Ireland specifically.
thefridge2006 wrote: » forgot Brexit doesn't affect us here and that we're different, our economy will withstand a world-wide or European issue or major recession....
thefridge2006 wrote: » Roughly house prices fell by 2%
Reins wrote: » Area I'm looking in has an increase of between 10/15% :eek:
fliball123 wrote: » Where is that?
In Paris, it said the average home buyer needed about 23 times the average annual disposable income to purchase a 70sq m property in 2019, compared with 11 times in Madrid. Dublin had the third-highest ratio, behind Paris and Amsterdam, with home buyers needing 17 times the average annual disposable income to purchase a basic living unit.
ongarite wrote: » Same here, places in looking at in D15 are going 10-15% above asking. Lack of available property in walk-in condition is driving up prices.
fliball123 wrote: » Are you sure its not just the properties you are looking at both of you. Not saying some might be up 10/15% but not all surely
Reins wrote: » Newcastle Co.Dublinhttps://propertypriceregisterireland.com/details/41_newcastle_manor_square_newcastle_dublin_22_co_dublin_ireland-425785/https://www.daft.ie/dublin/houses-for-sale/newcastle/23-newcastle-manor-square-newcastle-dublin-2648282/ Exact same interior just a different front. More expensive one is a terrace, other one is an end terrace. Nuts!
