Mic 1972 wrote: » House prices in South Dublin have increased by 9.2%, let's not use anecdotes as evidence of facts.https://ww1.daft.ie/report/2020-Q4-houseprice-daftreport.pdf?d_rd=1
Timing belt wrote: » The article is about how Stocks and bonds valuations are extremely high at the moment and that for the foreseeable there will be low yields in stocks and bonds as a consequence. It then explains why people are now investing in other asset classes (Including Retail Property) as they chase yield. While the US are seeing an increase in Bond yields as the hedge funds bet on inflation thanks to the democrats holding both houses, in Europe the ECB have downgraded the inflation forecast for the next 2-3 years. (according to the ECB Economic Bulletin published yesterday.) Overview At its monetary policy meeting on 10 December 2020, the Governing Council decided to recalibrate its monetary policy instruments. While the rebound in economic activity in the third quarter was stronger than expected and the prospects for the roll-out of vaccines are encouraging, the coronavirus (COVID-19) pandemic continues to pose serious risks to public health and to the euro area and global economies. The resurgence in COVID-19 cases and the associated containment measures are significantly restricting euro area economic activity, which is expected to have contracted in the fourth quarter of 2020. While activity in the manufacturing sector continues to hold up well, services activity is being severely curbed by the increase in infection rates and the new restrictions on social interaction and mobility.Inflation remains very low in the context of weak demand and significant slack in labour and product markets. Overall, the incoming data and the December 2020Eurosystem staff macroeconomic projections suggest a more pronounced near-term impact of the pandemic on the economy and a more protracted weakness in inflation than previously envisaged. Against this background, the Governing Council decided to recalibrate its monetary policy instruments at its meeting on 10 December 2020
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: » 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.
beauf wrote: » I had though this from the start of 2020. I've been proved wrong anyone I know selling has sold in this price bracket for around 10% over asking, and fairly quickly. Even if completing the sale has taken ages do to lockdowns and banks rechecking everything so so slowly. I though that with the work these required it made no sense. But obviously the buyers think differently, or have no choice.
Digiteer wrote: » House prices are dropping since 3rd Quarter 2018, in particular South Dublin..!! Most properties overpriced atm. No supply issues, thats only the market talking.!! 3 bed semi , nice middle class estate in D14.!! Paid €270,000 a few years back, asking price now €435,000. Still on the market, no viewings in two years.
schmittel wrote: » Sounds a lot like positioning a portfolio to defend against inflation.
Timing belt wrote: » Interesting article in the FT.https://www.ft.com/content/91efe8fa-857c-438a-a0f3-96dfb8e7daaa The one quote that stood out to me was the following: "For retail investors the message is that government bonds, traditionally regarded as safe assets, are in the long run dangerous. Real assets, such as property — notably residential, warehouses and care homes — and a modicum of portfolio insurance by investment in gold, will offer greater safety in what is anyway likely to be a low-return world."
Cyrus wrote: » Sure I get that but a real fire in a A rated house makes no sense . People like real fires because their house is cold
Digiteer wrote: » In 2010 there was over 350,000 vacant houses and apartments in Ireland ..!! So by current estimates, immigration has brought over 700,000 people in need of homes.
bubblypop wrote: » That's why I don't like the A rated houses!
bubblypop wrote: » I like real fire, not a fan of the gas fires.
Cyrus wrote: » Not sure why would you would want a chimney in a new house ? We have a gas fire in ours full fireplace etc so looks nice but we light it maybe 5 times a year it’s too warm . And vents are easily resolved to be fair. Either fit cheap hit and miss vents or get more expensive all in one recirculating units.
accensi0n wrote: » Can you provide a link to that house? 3 bed semis in good condition in historically nice middle class areas of D14 have been selling for like 550-650.
bubblypop wrote: » I don't like the fact that you can't have a chimney in the newer houses. My brother lives in a new build A rated house and his girlfriend finds it cold because of the vents.
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.
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.
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.
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