fliball123 wrote: » Have you a link to this? Not that you have been found to be telling porkies on here before props? I have done a quick google on Brexit and financial institutions leaving and the first 4/5 all mention Dublin do I need to keep schooling you? I see Dublin mentioned in here as well you left it out of the top places they are goinghttps://www.ft.com/content/a3a92744-3a52-11e6-9a05-82a9b15a8ee7https://www.bbc.com/news/business-47522347https://journals.openedition.org/rfcb/1331 JP Morganhttps://www.bbc.com/news/business-39789915 Goldman Sachshttps://edition.cnn.com/2019/01/07/investing/brexit-banks-moving-assets/index.html
PropQueries wrote: » The date in order of your links: 2016, 2017, 2017, 2017 and your last link January 2019. I think you need to google where the jobs are really going as of the past 6 months
PropQueries wrote: » Well, most of the banks in London have chosen Paris, Amsterdam, Frankfurt etc. in their preparations for leaving the EU...
Reins wrote: » Why? Because the front is more appealing to you? End Terrace would trump it for me.. I saw the other 2 you linked on the ppr. The 1 that sold for 325k had an attic conversion and a large extension, probably worth 50k in total. I think that's a huge increase in one year in that particular estate. You think it's fair value.me not so much.https://www.myhome.ie/residential/brochure/30-newcastle-manor-square-newcastle-dublin/4364346 The 325k one
thefridge2006 wrote: » https://www.irishtimes.com/business/technology/france-demands-digital-tax-payments-from-us-tech-groups-1.4418816 France demands digital tax payments from US tech groups This is basically France giving out about all the US companies funnelling money back through Ireland. If this happens why would a big company want to settle in Ireland? Lets be real here, they're here for the tax and the money funnelling and noting else
Hubertj wrote: » It’s definitely a factor, why wouldn’t it be? To suggest it’s the only reason would indicate a lack on intelligence.
thefridge2006 wrote: » What has Ireland got to offer that other countries in Europe can't other than Tax incentives and money funnelling? and don't say English speaking....
Roberto_gas wrote: » Lads...there is no debate that Dublin did not get the hot cake moves of big companies in the expected quantity due to BREXIT... I see lots of debate that Dublin benefited...fact is it did not due to lack of infra and housing ! We could have done much better if we had both at par with rest of Europe !
Cyrus wrote: » Some 29 financial services (FS) companies have relocated staff or services from London to Dublin as a result of Brexit, according to a new report. This makes Dublin the most popular relocation site for the sector, with Luxembourg next on 25 and Frankfurt on 24.
IAmTheReign wrote: » You're taking one run down house in the estate and using that a yardstick to measure the value of all the surrounding property. There is far bigger differences between the two houses you're comparing than one having an 'appealing front'. Did you even look at the pictures? One is turnkey. It's well maintained, has a kitted out kitchen, proper quality flooring and a large outbuilding. The other is, putting it politely, a 'fixer upper'. It's run down, the fittings scream cheap and and it looks like it hasn't seen a lick of paint in the last 10 years. There's visible water damage in the bathroom, and I don't know what caused the staining in the bedroom but I've seen cleaner carpets in skips. And that's just what you can see from the pics. Realistically how much do you think fully renovating the place would cost? New flooring, new kitchens, new carpets, new bathroom, and the decking and building out the back? Not to mention potentially structural works from water damage.
Financesetc. wrote: » I heard there is something in the water.
fliball123 wrote: » English speaking is a big one the logistics of setting up in a country where English is not the first language adds an additional cost. We also have a highly educated work force and we already have a track record of big MNCs successfully opening up here which means the path has been laid for anyone else who wants to do the same.
Cantstandsya wrote: » The thing that Ireland has going for it is low tax. All the rest is PR guff. We do not have a uniquely talented or educated workforce in the EU context and there are scores of executive level professionals who are fluent in English across the continent.
Cantstandsya wrote: » there are scores of executive level professionals who are fluent in English across the continent.
Cantstandsya wrote: » You're talking about multi billion dollar companies that already operate globally. Finding a bilingual executive team to report back to base in the US isn't that hard. Which EU countries do not have highly educated work forces? I'm not sure what "a track record of big MNCs opening here" is supposed to mean. Surely all multi national companies have, by definition, experience of successfully opening in different countries? The thing that Ireland has going for it is low tax. All the rest is PR guff. We do not have a uniquely talented or educated workforce in the EU context and there are scores of executive level professionals who are fluent in English across the continent.
Bubbaclaus wrote: » Wasn't there someone recently claiming that the REITS were dumping property? This news seems to go against that.https://www.irishtimes.com/business/commercial-property/ires-reit-set-to-acquire-stillorgan-residential-portfolio-for-10-6m-1.4418023?mode=amp
hmmm wrote: » It's more than that. Legal system is common law based. Good infrastructure of the types of firms MNCs need, including legal, accounting, audit etc. Reasonably good transport links. Good time zone. Government which wants to do business, and stable political environment (good luck setting up in France or parts of Eastern Europe at the moment). Friendly people. Good telecoms links. Datacentres to choose from.
PropQueries wrote: » In the same paper, Greystar in apparently putting in a €180 million bid for the 385 units Cairn Homes is building at Griffith Avenue in Marino. In relation to the Stillorgan purchase, it looks like their buying the 25 remaining apartments that Ires Reit don't own in that development. Looks like both Greystar and Ires Reit are gearing themselves up to take some or more of that long-term lease agreement money the councils have been splashing around lately. Link to the Greystar bid for the Griffith Avenue units in the Irish Times is here: https://www.irishtimes.com/business/commercial-property/greystar-in-180m-bid-for-griffith-avenue-apartment-portfolio-1.4418085
Browney7 wrote: Yup its all gearing up for the state to become the renter of last resort for these blocks. Its genius from the REITs really - put up the apartments for 2200 a month and get no takers, then approach the council and offer to give a "discount" to 85% of the "market" rent that wasn't being achieved in the first place and secure a 20 year state guaranteed cashflow with upward only reviews.
Marius34 wrote: » Early Prediction: CSO Property Price Index to turn positive for 2020 Q4. Due to new data and this week’s news, I start to think that I was at some extend wrong with my prediction on crisis impact on Residential Property price, but to other direction, than most have thought. My prediction was 3-5% decrease, but I start to think that there may not be further decrease. It might be to early to tell, but looking at the PPR data I see first signs that CSO Property price Index may turn positive for 2020 Q4. In a week or two, it will be clearer, when there will be more data, thus less chance with errors/anomalies. Here is from my report on PPR data (Its mostly Median price with some adjustment calculation).
