2021 Irish Property Market chat - *mod warnings post 1*

MacronvFrugals wrote:

China saved them in 2009 in fairness by buying every last piece of materials their mines could produce.

Government saved their market by reinflating the market with the first time buyers grant

MacronvFrugals wrote:

China saved them in 2009 in fairness by buying every last piece of material their mines could produce.

Will China be the winner on the worldwide monopoly board? they really know the time to buy, kind of the opposite of Ireland

schmittel wrote: »

Selling season approaching so hopefully we'll have a bit more to look at.

Will be interested to see what this goes for - 4 Ellerslie Villas, Bray - asking guts of 1.3m

House next door - 3 Ellerslie Villas - sold quickly for a shade over 1m in 2019. It was asking 900k.

Number 3 was a little bigger, in fantastic nick, been revamped, with decent sized kitchen/diner in the back bit.

Number 4 looks expensive by comparison. If it gets that asking price, the market is on fire.

Nice part of the town. I like those houses, high ceilings, big rooms etc. Looks like it needs modernising.... and no driveway....

Wanderer78 wrote: »

Government saved their market by reinflating the market with the first time buyers grant

Sounds similar to the stamp duty relief that Irish gov reintroduced in the mid 00’s when the property market started to slow down.

DataDude wrote: »

Yep - It could be really nice, but you'd need deep pockets to fix it up. It might be worth €1.3m at the end of the refurb, definitely not the beginning! I'd sooner take this!
https://www.myhome.ie/residential/brochure/5-saint-matthias-wood-church-road-killiney-dublin/4341827

Not even sure it would even be worth that in Greystones.

Seems like a low price for a house that size in killing. I don’t really like the look of the exterior. Very plain in my opinion

Hubertj wrote: »

Seems like a low price for a house that size in killing. I don’t really like the look of the exterior. Very plain in my opinion

Yeah it lacks charm for sure, bit of an Eagle Valley vibe to it.

But given the size, location, privacy, decent sized south-west facing garden, reasonable BER, ample parking I think I'd put up with the exterior. Certainly when stacked up against the house in Bray anyway!

Villa05 wrote: »

Will China be the winner on the worldwide monopoly board? they really know the time to buy, kind of the opposite of Ireland

https://www.google.com/amp/s/www.irishtimes.com/business/commercial-property/chinese-invest-in-irish-social-housing-and-nursing-homes-1.4453623%3fmode=amp

Look at this stuff going on. The economies of practically every country in the world is down 30-70%, with one notable exception...China. their economy has grown during this pandemic.

The country responsible for the origination of this pandemic is doing great, and make no mistake, they are already buying up bargains, the same bargains they created. They'll be ready to pounce wholesale when this thing hits the fan, and people need to wake up to what's happening, why it's happening, and how to prevent the damage now, not later.

schmittel wrote: »

Not the same one as the pensioners:



https://www.thejournal.ie/evicted-couple-set-up-tent-outside-former-home-425174-Apr2012/

It was next door I think - 4 vs 5 Matthias Wood!

DataDude wrote: »

Yep - It could be really nice, but you'd need deep pockets to fix it up. It might be worth €1.3m at the end of the refurb, definitely not the beginning! I'd sooner take this!
https://www.myhome.ie/residential/brochure/5-saint-matthias-wood-church-road-killiney-dublin/4341827

Not even sure it would even be worth that in Greystones.

Church road is a bit of a rubbish location if I’m honest plenty of big detached houses but it’s the road to cherrywood now and not walking distance to anything worthwhile .

Cyrus wrote: »

Church road is a bit of a rubbish location if I’m honest plenty of big detached houses but it’s the road to cherrywood now and not walking distance to anything worthwhile .

Not a Killiney expert but just always had it in my head that Church Road was ‘nice’. Having done some scrolling on google maps - you’re right, thanks! Would likely have been too much of a stretch anyways!

MacronvFrugals wrote: »

A stat that always blows me away, 2008 0 KMs of high speed rail 2018- 15,000KMs all done with Australian Iron ore.

The last 200 years have been an anomaly they will likely regain their normal spot as the hegemonic power soon enough, as worrying as that sounds.

I can't see China being a global Hegemon, regional yes but they don't have the force projection abilities to be global. They have a large army but mainly conscripts and a very limited blue water navy. The concept of Mianzi or to save face means its all about the show, well put together young lads with polished guns and big hats. They are completely untested in an actual fight.

I would compare them to Germany (less the war guilt) not the US, they will be the dominant force in their theater, and important on the global stage but but not the dominant force. This will begin when the US begins to retreat in on itself either after an economic, military or political shock and will become a regional power. Taiwan will be left to fend for itself and will unite after a dogged resistance, Korea will enter their economic orbit and possibly reunite under Chinese guidance, indochina will become Chinas Mexico more so than it already is.

The big contender will not be Europe or the US it will be India! I expect the main source of conflict will be between the two of these powers and India has been a sub continent whose people have nearly always been subjects to an outside ruling class.

I think the coming century will be one of regional powers, US, Europe and China each working with and against the other two depending on the prevailing needs and threats of the time. The middle east will be left to smash itself to pieces as their oil is no longer needed and maybe Iran or Turkey could build it up to become a 4th power.

Africa is where it will be at, and I think Europe has the advantage there, they speak our languages and we have enough colonial guilt that it will be an equal economic trade as opposed to the Chinese debt diplomacy as we see now with the belt and roads.

How does this affect irish property? Well the Chinese might build a sizable portfolio but if they start playing silly bugger they would be easy enough to be ignored. As they say out east, the mountain may be big, but it is far away.

schmittel wrote: »

Yep Bray has reputational issues and I guess 1m+ is a tough sell.

I have this chat with my wife regularly trying to convince her that Bray will be the next big thing, but she’s not buying it. I don’t get the disdain for the place. I could quite happily live there.

Bray is a stunning place. I think most people acknowledge that. The issue is the people.

It appears lockdown is continuing until May meaning house sales will be on hold until then . No viewings no surveys not sure how sales will be able to go through

schmittel wrote: »

Yep Bray has reputational issues and I guess 1m+ is a tough sell.

I have this chat with my wife regularly trying to convince her that Bray will be the next big thing, but she’s not buying it. I don’t get the disdain for the place. I could quite happily live there.

I think your wife is right , for some reason the issue with bray persists .

Something like this should be a quick sell if you consider what 1.6m gets you around but it never is

https://www.myhome.ie/residential/brochure/silverdale-king-edward-road-bray-county-wicklow-a98-x650/4461457#&gid=1&pid=5

It’s amazing how much better greystones does given its much poorer transport links .