Cyrus wrote: » to be fair its in lisneys interest to conclude sales, 10/20 k either way its a minimal impact on what they earn from the sale.
Timing belt wrote: » I posted about this the other day and it was pointed out that it is not the mortgage that is at 0% it is the Bond yield and does not take into account additional fees such as the banks banks margin. After reading up on it is clear that that it is a totally different model so it is like comparing apples and oranges.
Ozark707 wrote: » Well Lisney operate at the mid to upper end of the market where the amount of transactions is lower. If you have unrealistic vendors then Lisney will probably feel that more than an EA operating at lower levels. I am guessing Lisney are probably talking about more than 10/20k
Cyrus wrote: » the point still stands, if its a 5m euro house, they want to sell it at 4.5m rather than not sell it at 5m, its a turkey advising against christmas.
amacca wrote: » Yeah but the point still stands that 5m euro house is not representative of market as a whole surely The 5m house could drop significantly while the 300-500k house could rise couldn't it?
Hubertj wrote: » The point about time is that whoever is in government will need time to put proper policy in place. Parties that say they will build 20k houses per year starting in yr 1 are liars. So right now the government is unfortunately competing with FTBers and renting at “market rates” as they have no other real options. Look at the issue of the xx thousand vacant units. It would take a long time to assess and address that if there is an opportunity to increase supply. You also have to remember that public servants and councils have limited competence and apart from politicians (at election time) there is no accountability for failing to do your job.
beauf wrote: The issue has always been supply, and demand. You can't have massive immigration, economic boom, and a housing shortage. But expect no housing issues. Those are incompatible with each other. We want higher building standards, no compromise, but don't want to pay the price that all these things costs.
Villa05 wrote: » Building standards have been reduced allowing for co living amongst others All of the demand side was predicted and incentivised by the state, one would imagine a plan would have been devised to cope We entered the period with an oversupply of housing plus the state the largest holer of property and land in the state Nothing was done to disincentise land hoarding, double digit interest rates for construction projects despite the state controlling most of the banking sector. And currently the state is still pursuing demand side measures driving up price despite everything being in place to tackle the supply side. Traffic issue can be resolved using a proper housing policy There is a consistent pattern here in government actions. Suffocate supply, increase demand and price The housing issues are a direct result of government in/actions. All these issues could have been planned/prepared for to maximize the positives and minimise the negatives and reduce the cost to the ecinomy
HotDudeLife wrote: » The big elephant in the room for 2021 is second hand property valued between 220-350k, these are properties typically within FTB territory, however, nearly all FTBs are falling for the government schemes are opting for new builds.
HotDudeLife wrote: » Exactly. For some reason most people are ignorant to the fact that EAs would rather a quick sale than wait and sell for a higher price, it translate very little to their commission and they prefer constant cash flow. The big elephant in the room for 2021 is second hand property valued between 220-350k, these are properties typically within FTB territory, however, nearly all FTBs are falling for the government schemes are opting for new builds. I predict many will struggle to shift their 2nd hand property within this range and this will lead to 10-15% price drops by around late Q3 2021 and further reductions going into 2022. If they fall by more than 30% within the next 24 months it will be interesting to see how it impacts the market as a whole.
HotDudeLife wrote: » ....The big elephant in the room for 2021 is second hand property valued between 220-350k, these are properties typically within FTB territory, however, nearly all FTBs are falling for the government schemes are opting for new builds. I predict many will struggle to shift their 2nd hand property within this range and this will lead to 10-15% price drops by around late Q3 2021 and further reductions going into 2022. If they fall by more than 30% within the next 24 months it will be interesting to see how it impacts the market as a whole.
Marius34 wrote: » It won't happen. I have my opinion why it won't happen, but I better share fast forward people opinion who has similar views on expected property price fall: Government & Investment funds won't allow property price to fall, thus it won't fall anyway.
Hubertj wrote: 1. You refer to housing policy in other countries without considering the cultural societal differences. Conveniently simplistic outlook all round.
Hubertj wrote: How did government restrict the availability of skilled labour? Answer is they didn’t. You’re intent to blame everything on the “government†as it is the populist view. .
Villa05 wrote: » This was in response to a point that increasing affordable housing would reduce the price of existing houses. This is not necessarily true, as it is catering for different segments of a market.
Villa05 wrote: » Please address what I said, not what I didn't say
MacronvFrugals wrote: » I was enquiring about new homes down in Balbriggan and Bettystown and the lady that rang me said they were all sale agreed with most of the people who would have normally bought in the cheaper areas of Dublin. When in bits, poor BER rating houses are 300k+ in areas like Finglas i can see why the new homes on the commuter belt are selling like hot cakes
Ozark707 wrote: » Makes sense in the new WFH paradigm. To have a good BER rating house in the suburbs would be preferable now to many who previously might have placed more importance on commute rather than comfort.
MacronvFrugals wrote: » I know its probably obvious but just sitting in one of these A2/A3 houses compared with a 60 year old (even well insulated, triple glaze etc) C1/2/3 home is like another world of comfort.
beauf wrote: » I have to decide to either move somewhere else or renovate the current gaff. The main trade off is space. I won't get the same space for the same money in a new house as I would an old house. I don't think I could get the same level of efficiency and comfort in a old house as I would a new house. It is possible if you throw money at either project. But you spending a lot more. Assuming you could find a new or old house in the first place.
Digiteer wrote: » Its very easy to manipulate the market in Ireland, simply restrict supply in Dublin. I know of two apartment blocks sitting empty over two years. Perfectly habitable, one has 14 units & and the other 18 + units. One in Dublin 16 & the other in Dublin 4.
