beauf wrote: » I think to myself I can fix the old house but I can't fix the lack of garden.
Cyrus wrote: » people also underestimate the costs of: a) extending an old property (many 4 bed houses from the 50s and 60s are very small by modern standards) and b) retrofitting the existing house while they are at it, which can make the older house uneconomic.
Interested Observer wrote: » What's 'the market' here? Ranelagh is obviously a very sought after area to live, the houses are aimed at a very small corner of it, I don't think there's too much to read into.
beauf wrote: » Agreed. Well thats the dilemma. If you buy a house for 400~500 and you spend 80~150 and even 200 on it. You're now competing with 600~700 houses. I agree with you about the size of the rooms also. But also the shape. Older houses tend to have a lot of narrow rectangular rooms, with a window at the narrow end. Whereas people want a squarer room these day preferably with as much glass in it as is affordable.
beauf wrote: » What's that regulation?
brisan wrote: » http://www.pleanala.ie/casenum/303146.htm
beauf wrote: » What am I meant to do with that? Trawled through one and I'm not sure what I'm meant to be seeing.
PropQueries wrote: » But is there a market? It appears to me that many developers over the past couple of years saw that Cairn Homes were asking c. €1.6 million for their terraced units in Marianella and said me too. Last time I walked down there, there were still a few empty out of the 12 units and I think they've been available for sale for about the last three years.
Cyrus wrote: » only one way to find out isnt there, also you have to remember a small complex like this with a limited number of units (and i assume no social) is going to appeal more than a larger development like marianella which has apartments, social, renters etc etc.
brisan wrote: » Enderly in Killiney /Dalkeith also has had problems shifting the last of the 18 units At that price point buyers are scarce and can afford to be choosy
PropQueries wrote: » Good point on the social housing element but I think the Marianella houses weren't selling prior to this becoming common knowledge. Last year they were blaming Brexit. This year they're blaming covid. Maybe, just maybe the demand was never there. We're not London or New York by any stretch of the imagination. But, as you said, time will tell in relation to these units. But, given how much they paid per site, how much do you reckon they would have to sell them for to break even?
PropQueries wrote: » Interesting one here. The Department of Education has put plans for five new primary schools on hold as the expected housing development as had been predicted in 2018 had not taken place which now means the existing schools in the areas have sufficient capacity. Link to article in Irish Independent here: https://www.independent.ie/irish-news/news/plans-for-five-new-primary-schools-put-on-hold-39809142.html
Timing belt wrote: » End of November Is my prediction for a stock market crash
Marius34 wrote: » You maid a mistake by posting this. Because I will remind you this :-) Hope you will not disappear, as most guys who predicting crash with certainty disappear... :-)
Marius34 wrote: » A kind reminder Down Jones is up from 28,210(21 Oct) to 29,638(today) Again Stock Market is not something we can predict. Although Property Market it's possible to some extent.
Timing belt wrote: » I knew you would post...timing might be out a couple of weeks as expected more lockdowns state side by now. But will admit will probably finish the year on a rally now but still think that market has a V shaped recovery priced in. Also thought house prices would be down 5-10% by now. Would be interesting from your model to know the impact of the htb changes
fliball123 wrote: » out by a few weeks so when do you think the crash will happen now?
Marius34 wrote: » I think HTB change has direct short term impact on new builds price increase of 5k-10k. And 0-5k on second hand properties.
Timing belt wrote: » I thought it we would have seen a correction by now of 10-20% but it hasn’t happened yet and normally markets rally at the end of the year so not sure when we will see it now. Probably feb when results start coming through and we see the revised year end provisions by the banks.
Cyrus wrote: » Let’s see if they sell but I wouldn’t be surprised. It’s represents a very small portion of the market. There aren’t many new builds in these areas.
Cyrus wrote: » yes exactly, circa 10 buyers not a problem generally but once you go above that the pool is shallow and they have plenty of other options, generally if the developer is pricing is ambitious the last few units take the most time to shift.
fliball123 wrote: » Looks like Demand is outstripping supplyhttps://www.irishtimes.com/business/economy/mortgage-approvals-surged-in-october-to-record-level-1.4423808 It also looks like we are looking to borrow more moneyhttps://www.independent.ie/business/personal-finance/property-mortgages/average-mortgage-approval-value-up-9pc-39688165.html
Sweet.Science wrote: » So another house that's been on the market for 2 months or so . Im the only bidder yet the seller won't accept Does't feel right to be bidding against myself. The market isn't dictating the value like the cliche its the seller I'll probably move on. Again
Reversal wrote: » How does the year as a whole compare? Considering lockdown effects will have compressed mortgage approvals into the months brokers and banks are actually open. "mortgage approvals are down by 19 per cent in volume terms and 14 per cent in value terms in the first ten months of 2020 compared with the same period in 2019" So despite the spin, there are less mortgage approved buyers out there than there was in 2019.
Marcusm wrote: » I too will be interested to see how they fare. I can see the attraction of a new build A rated house in a central location with good transport links. (Full disclosure, I live 1.5 streets away, in a late Victorian 3 storey.). However, access is via a tight unattractive lane way with an old garage (store for a nearby shop) and a terrace of 1990s news style houses designed by a blind person. The immediate kerb appeal gets a bit of a shock when you go for your first visit (not shown on pictures). Over time, I think t could be a nice little development but I would worry about the build up of cars, especially as kids become teenagers.
