Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Irish Property Market chat II - *read mod note post #1 before posting*

1…7980828485…915

Comments

  • #2432
    PropQueries
    Registered Users, Registered Users 2 Posts: 2,203 ✭✭✭PropQueries


    awec wrote: »
    But you know why that letter was sent to DLR, and you know it was not for the reason you wanted. I also am certain that you know this, because it has been explained to you many times on here by people more knowledgeable on the subject than you. For whatever reason this is a merry-go-round you refuse to get off, no matter what you are told.

    A FF Councillor asked what the rush is for a single, specific planning application that had raised concerns from local residents. You have taken this and decided it is proof that there is no housing crisis. You have decided that this councillor is now the greatest indicator of the government's position on housing, because he has said something that you can spin to suit your narrative. Absurd.

    As I and others have said today, and the numerous other times you've tried to spin that DLR news in the past, this is all a completely normal part of the planning process.


    A "I just don’t see what the rush is" in relation to a 106 acre site in Finglas in the middle of one of the apparent worst housing crises in the history of the state?


  • #2433
    L1011
    Registered Users, Registered Users 2 Posts: 73,010 ✭✭✭✭L1011


    PropQueries wrote: »

    Is it really so hard for FF to keep their few TDs and councillors on-side regarding this script?

    Unless, they don't truly believe it is their "number one priority" or don't see it as a crisis in the same way a regular person would define that word.

    FF cannot keep a number of their quite small cohort of TDs on-message about anything - McSharry, O Cuiv, O'Callaghan are constant problems with McGuinness often being an issue too

    They have absolutely no control over councillors statements.

    You are trying to spin a nothing in to a huge conspiracy - again.


  • #2434
    awec
    Administrators Posts: 55,122 Admin ✭✭✭✭✭awec


    PropQueries wrote: »
    A "I just don’t see what the rush is" in relation to a 106 acre site in Finglas in the middle of one of the apparent worst housing crises in the history of the state?

    Yes, what are you having a hard time understanding?

    A FF councillor says this and you believe this is proof that the government's policy on housing is all a big conspiracy. They've been outed by this councillor who must have lost his script.

    This is a completely normal part of the planning process. Especially big ones. Local residents complain about it being overbearing / out of character / whatever, councillors speak on behalf of their residents etc etc.


  • #2435
    PropQueries
    Registered Users, Registered Users 2 Posts: 2,203 ✭✭✭PropQueries


    L1011 wrote: »
    FF cannot keep a number of their quite small cohort of TDs on-message about anything - McSharry, O Cuiv, O'Callaghan are constant problems with McGuinness often being an issue too

    They have absolutely no control over councillors statements.

    You are trying to spin a nothing in to a huge conspiracy - again.

    Well. there's apparently no "rush" to start building homes in either Finglas or in all of DLR. In which areas is there a "rush" to build these c. 35k new built homes we apparently require each year going forward?


  • #2436
    awec
    Administrators Posts: 55,122 Admin ✭✭✭✭✭awec


    PropQueries wrote: »
    Well. there's apparently no "rush" to start building homes in either Finglas or in all of DLR. In which areas is there a "rush" to build these c. 35k new built homes we apparently require each year going forward?

    Who said there was no rush to build homes in DLR?

    Who said there was no rush to build homes in Finglas?


  • Advertisement
  • #2437
    Ace2007
    Registered Users, Registered Users 2 Posts: 20,029 ✭✭✭✭Ace2007


    PropQueries wrote: »
    A "I just don’t see what the rush is" in relation to a 106 acre site in Finglas in the middle of one of the apparent worst housing crises in the history of the state?

    A SF TD was against new apartments being built in his constituency recently as well - despite all the talk about SF on housing. It's not just from FF.

    You also choose to ignore my point about Finglas earlier - as in there are plenty of houses available - and at a guess the demand to live in that part of Dublin isn't happy so supply isn't an issue. The "crisis" is in other parts of the city.


  • #2438
    PropQueries
    Registered Users, Registered Users 2 Posts: 2,203 ✭✭✭PropQueries


    awec wrote: »
    Who said there was no rush to build homes in DLR?

    Who said there was no rush to build homes in Finglas?

    The FF councillor literally said "I just don’t see what the rush is" in relation to the 106 acre site in Finglas.

    The Office of the Planning Regulator literally told DRL to scale back on their planned housing targets for between 2022 and 2028 because they were: "significantly in excess of housing supply targets" for the county as "calculated in line with guidelines that Minister for Housing Darragh O’Brien".

    Link to the "I just don’t see what the rush is" statement: https://www.irishtimes.com/news/politics/finglas-rezoning-proposal-in-doubt-due-to-opposition-of-fianna-f%C3%A1il-councillors-1.4592437

    Link to the Department for Housing on DLR: https://www.irishtimes.com/news/ireland/irish-news/d%C3%BAn-laoghaire-rathdown-told-to-scale-back-housing-plans-1.4546039


  • #2439
    Graham
    Moderators, Society & Culture Moderators Posts: 17,643 Mod ✭✭✭✭Graham


    PropQueries wrote: »
    The FF councillor literally said "I just don’t see what the rush is" in relation to the 106 acre site in Finglas.

    Mod Note

    You have been warned multiple times about deliberately misrepresenting the articles you link to.

    “I not opposed to housing. I want to see housing developed but I just don’t see what the rush is. This is a massive site in a great location but you can’t reverse bad planning,” he said.

    Do not reply to this post.


  • #2440
    tigger123
    Registered Users, Registered Users 2 Posts: 4,603 ✭✭✭tigger123


    PropQueries wrote: »
    The FF councillor literally said "I just don’t see what the rush is" in relation to the 106 acre site in Finglas.

    The Office of the Planning Regulator literally told DRL to scale back on their planned housing targets for between 2022 and 2028 because they were: "significantly in excess of housing supply targets" for the county as "calculated in line with guidelines that Minister for Housing Darragh O’Brien".

    Link to the "I just don’t see what the rush is" statement: https://www.irishtimes.com/news/politics/finglas-rezoning-proposal-in-doubt-due-to-opposition-of-fianna-f%C3%A1il-councillors-1.4592437

    Link to the Department for Housing on DLR: https://www.irishtimes.com/news/ireland/irish-news/d%C3%BAn-laoghaire-rathdown-told-to-scale-back-housing-plans-1.4546039

    If FFG did not believe that we are in the middle of a housing crisis, I really doubt they would allow SF to give them such a kicking in the polls about this issue. They would have formulated some sort of rebuttal at this stage.


  • #2441
    Amadan Dubh
    Registered Users, Registered Users 2 Posts: 1,604 ✭✭✭Amadan Dubh


    Dav010 wrote: »
    So you are outraged and hysterical because they didn’t pay any tax, on their losses? Selling up and cutting their losses at a time when property prices are still rising seems counterproductive.

    My point about selling up is that, if you truly believed they made massive losses, then you would think they should sell up and try to recoup some of those losses.

    The outrage and disgust is at the fact that all of this activity happens tax free. Likely what happens is that the investors provide the finance to an SPV which issues an IOU note to these investors. The SPV then loans money to the investment companies and they then do the activity of mortgage loan buying, development, whatever. However, these companies have to repay their loans to the SPV and the SPV has to return capital to its note holders, which means the investing companies (Belthany DAC etc.) is left with nothing or even losses so can't be taxed. The investors have no doubt structured their own investment in the notes in a manner which also minimises their tax exposure.

    Property is bought, developed, sold, rented etc. and the beneficiaries of the transaction didn't make any losses. In fact they did very well. Goldman, the lawyers and accountants take a fee. Everyone is happy. Except the Irish taxpayer and the individuals who are trying to buy and rent their own homes.


  • Advertisement
  • #2442
    Marius34
    Registered Users, Registered Users 2 Posts: 1,173 ✭✭✭Marius34


    Just read todays article on Tax and housing.

    https://extra.ie/2021/06/14/news/politics/housing-tax-dividing-cabinet

    If I understand it right there are a conflict between main parties on coming budget, with FF having slightly left leaning approach to keep higher social welfare, whereas as FG more towards right leaning approach to decrease Income tax:

    "The old foes, Fianna Fáil and Fine Gael, are sharply divided over whether to ‘stick or twist’ when it comes to tax cuts and welfare increases."
    "The accelerating tensions publicly emerged courtesy of Leo Varadkar’s intimation that he will be seeking a package of tax cuts for workers in the forthcoming budget."
    "Mr Varadkar’s positioning, however, has sparked anger within Fianna Fáil with one senior figure noting: ‘Leo cannot gazump the budget just like that. Our view is that social welfare increases must be prioritised first and then let us see what happens then."


  • #2443
    mcsean2163
    Registered Users, Registered Users 2 Posts: 1,839 ✭✭✭mcsean2163


    Bass Reeves wrote: »
    It was a combination of issue,people and things that I came accross that gave me an understanding of it.

    It was a radio frequency engineer that explained part of it to me. It was to do with the non availability of different frequency . While over a year they might all be the same higher frequency systems( I think around 20gighz systems) are more prone to interference with smaller sized raindrops which we can encounter in Ireland.

    It was a lad that puts presertive in stakes explained that we need to put more preservation material in timber in Ireland to achieve a 15+ years lifespan in Ireland. I was asking him why the Swedish presertives did not work in Ireland but did in the UK. He said the moisture in Ireland has smaller droplets.

    If you Google water droplet size I think they can vary from O.001mm to O.05mm in size. Rain varirs from 0.5mm to 4mm in size. My understanding is that Ireland has lower droplet and rain size compared to most other countries

    Thanks. I worked in RF engineering and am bamboozled by your reference. Yes water attenuates RF signal but never focussed on drop diameter. A new one for me.

    I'll have to do some reading...

    https://arxiv.org/pdf/1007.2826


  • #2444
    Amadan Dubh
    Registered Users, Registered Users 2 Posts: 1,604 ✭✭✭Amadan Dubh


    Marius34 wrote: »
    Just read todays article on Tax and housing.

    https://extra.ie/2021/06/14/news/politics/housing-tax-dividing-cabinet

    If I understand it right there are a conflict between main parties on coming budget, with FF having slightly left leaning approach to keep higher social welfare, whereas as FG more towards right leaning approach to decrease Income tax:

    "The old foes, Fianna Fáil and Fine Gael, are sharply divided over whether to ‘stick or twist’ when it comes to tax cuts and welfare increases."
    "The accelerating tensions publicly emerged courtesy of Leo Varadkar’s intimation that he will be seeking a package of tax cuts for workers in the forthcoming budget."
    "Mr Varadkar’s positioning, however, has sparked anger within Fianna Fáil with one senior figure noting: ‘Leo cannot gazump the budget just like that. Our view is that social welfare increases must be prioritised first and then let us see what happens then."

    If they can't do anything to make housing cheaper as well as more readily available but try to introduce income tax increases in the next budget, we will be seeing political and social instability up another level. I genuinely feel that the calls for tax increases are being made in ivory towers and bubbles as literally no one I know can stomach them, it would slice off the last few limbs of reluctant support for FG and FF among ordinary workers who don't want SF but aren't happy with their situation, whether it be mortgage holder or renter, childcare paying or childless, working for a higher or lower salary - it shocks me, honestly, to think they might increase income taxes in the current environment.


  • #2445
    Marius34
    Registered Users, Registered Users 2 Posts: 1,173 ✭✭✭Marius34


    Amadan Dubh wrote: »
    If they can't do anything to make housing cheaper as well as more readily available but try to introduce income tax increases in the next budget, we will be seeing political and social instability up another level. I genuinely feel that the calls for tax increases are being made in ivory towers and bubbles as literally no one I know can stomach them, it would slice off the last few limbs of reluctant support for FG and FF among ordinary workers who don't want SF but aren't happy with their situation, whether it be mortgage holder or renter, childcare paying or childless, working for a higher or lower salary - it shocks me, honestly, to think they might increase income taxes in the current environment.

    I don't think there were any of proposal for income tax increase from FG or FF. What I understand FF proposal is to keep as is, FG to reduce income tax.


  • #2446
    Shedite27
    Registered Users, Registered Users 2 Posts: 9,515 ✭✭✭Shedite27


    Anyone able to point me in the direction of the largest Estate Agents in the country? Looking o see what % of market share Lisney, Sherry Fitz etc have. Google keeps point me to overall property market reports. Thanks


  • #2447
    Ace2007
    Registered Users, Registered Users 2 Posts: 20,029 ✭✭✭✭Ace2007


    Shedite27 wrote: »
    Anyone able to point me in the direction of the largest Estate Agents in the country? Looking o see what % of market share Lisney, Sherry Fitz etc have. Google keeps point me to overall property market reports. Thanks

    Was only chatting about this the other day, what do EA's really do in selling houses nowadays? Majority of houses got to be on myhome.ie or Daft. I get that they would play a role in rentals and that but other than showing people the house they don't do much?

    If i'm selling a house why pay Sherry fitz 1.5% if DNG will do for 1%


  • #2448
    tigger123
    Registered Users, Registered Users 2 Posts: 4,603 ✭✭✭tigger123


    Ace2007 wrote: »
    Was only chatting about this the other day, what do EA's really do in selling houses nowadays? Majority of houses got to be on myhome.ie or Daft. I get that they would play a role in rentals and that but other than showing people the house they don't do much?

    If i'm selling a house why pay Sherry fitz 1.5% if DNG will do for 1%

    I can't help but feel that its an industry that's primed for a disruptor to come in and shake it up.

    The fees that they charge versus what they deliver is crazy.

    As you say, almost everything is available to view online now.


  • #2449
    jill_valentine
    Registered Users, Registered Users 2 Posts: 7,090 ✭✭✭jill_valentine


    tigger123 wrote: »
    I can't help but feel that its an industry that's primed for a disruptor to come in and shake it up.

    The fees that they charge versus what they deliver is crazy.

    As you say, almost everything is available to view online now.

    <SNIP> are along these lines.

    I did a viewing with them. You provide them with proof of funding when regging your account, book your slot and show up, youngfella with the key checks you're the right person for that slot and lets you in. He knows absolutely nothing about the property, he just stands there while you wander around. I got the impression he was probably a gig worker on par with a Deliveroo driver.

    All enquiries and details are via the site, and that's where you bid against other would-be buyers. The actual sale is done via private treaty in the end, but the process feels basically like buying property on ebay.

    It was interesting to see work, I don't know what their after sales stuff is like but there's a lot to be said for how convenient it was. All of my queries were answered quickly and I quite liked being left to my own devices to wander around the property.


  • #2450
    cnocbui
    Registered Users, Registered Users 2 Posts: 21,179 ✭✭✭✭cnocbui


    I'm currently in the process of selling a property directly to someone, off-market, without the involvement of a REA.

    I may try selling a second property directly myself also, as I don't believe REAs should be charging by percentage and certainly don't do much for their fee. Same goes for Lawyers, I can't think of any good reson why they should charge by percentage either.


  • #2451
    Cyrus
    Registered Users, Registered Users 2 Posts: 20,957 ✭✭✭✭Cyrus


    Ace2007 wrote: »
    Was only chatting about this the other day, what do EA's really do in selling houses nowadays? Majority of houses got to be on myhome.ie or Daft. I get that they would play a role in rentals and that but other than showing people the house they don't do much?

    If i'm selling a house why pay Sherry fitz 1.5% if DNG will do for 1%

    thats one way of looking at it, the other side of it is i find it hard to reconcile how much a recruitment agency gets paid for a placement versus with an EA gets for selling a house :pac:


  • Advertisement
  • #2452
    Timing belt
    Registered Users, Registered Users 2 Posts: 3,619 ✭✭✭Timing belt


    Ace2007 wrote: »
    And divide that by number of households in Ireland, and your probably looking on average at 300k, which well below the 1m that you spoke about.

    If you think that a large number of those over 65 will have 6 figure savings in the bank - they aren't the clientele that are going to be buying property.

    It’s 1m today...750k in a few months 500k in a year... banks are drowning in cash and it is costing them. As we only will have 2 banks in the future they won’t be able to introduce a cap on deposits so the only tool they have is negative rates which they will use to pass on costs. This isn’t just an Irish thing it’s in most economies at the moment.


  • #2453
    mcsean2163
    Registered Users, Registered Users 2 Posts: 1,839 ✭✭✭mcsean2163


    Timing belt wrote: »
    It’s 1m today...750k in a few months 500k in a year... banks are drowning in cash and it is costing them. As we only will have 2 banks in the future they won’t be able to introduce a cap on deposits so the only tool they have is negative rates which they will use to pass on costs. This isn’t just an Irish thing it’s in most economies at the moment.

    I expect the opposite. I expect rates to increase shortly due to inflation...


  • #2454
    Graham
    Moderators, Society & Culture Moderators Posts: 17,643 Mod ✭✭✭✭Graham


    Mod Note

    some posts moved to the thread EA Requesting an Inappropriate Level of Information


  • #2455
    Timing belt
    Registered Users, Registered Users 2 Posts: 3,619 ✭✭✭Timing belt


    mcsean2163 wrote: »
    I expect the opposite. I expect rates to increase shortly due to inflation...

    They can tapper the QE and not raise ECB rate to cool inflation but all that will do is increase rates on gov bonds which will have investors buying bonds chasing yields which in turn will drive down rates.

    It is a very fine line that central banks will need to walk as if they raise rates to fast they will crash all asset values and at the same time make gov borrowing more expensive.. even if governments didn’t borrow more they would be impacted as the existing debt rolls over. Either way negative rates will be around for a long time yet IMO and at the same time inflation will drive up house prices more because the building cost will rise and developers won’t build because the new properties will be to expensive to sell and we will see a continuation of a shortage in supply.


  • #2456
    Balluba
    Registered Users, Registered Users 2 Posts: 129 ✭✭Balluba


    Timing belt wrote: »
    It’s 1m today...750k in a few months 500k in a year... banks are drowning in cash and it is costing them. As we only will have 2 banks in the future they won’t be able to introduce a cap on deposits so the only tool they have is negative rates which they will use to pass on costs. This isn’t just an Irish thing it’s in most economies at the moment.

    Why will banks not be able to put a cap on deposits?
    Some building societies have caps of €500,000 for deposits.


  • #2457
    mcsean2163
    Registered Users, Registered Users 2 Posts: 1,839 ✭✭✭mcsean2163


    Timing belt wrote: »
    They can tapper the QE and not raise ECB rate to cool inflation but all that will do is increase rates on gov bonds which will have investors buying bonds chasing yields which in turn will drive down rates.

    It is a very fine line that central banks will need to walk as if they raise rates to fast they will crash all asset values and at the same time make gov borrowing more expensive.. even if governments didn’t borrow more they would be impacted as the existing debt rolls over. Either way negative rates will be around for a long time yet IMO and at the same time inflation will drive up house prices more because the building cost will rise and developers won’t build because the new properties will be to expensive to sell and we will see a continuation of a shortage in supply.

    I don't follow what you're saying at all. If government bonds go up the banks could buy those with deposits thus reducing the interest they would have to charge.

    Secondly, we have the highest debt per capita in EU

    https://www.irishtimes.com/business/economy/ireland-to-have-highest-debt-per-head-in-europe-this-year-1.4503652

    In real terms, every other country in the EU is less indebted than us and especially so in Eastern Europe. They may have a different opinion to continually bailing out Ireland considering they are actually poorer than us.

    The Devoted Friend, Oscar Wilde

    I wrote about how we are spending like no tomorrow here. https://seanmcm.medium.com/how-strict-have-the-covid-19-lockdown-restrictions-been-in-ireland-22c80ea06222

    I expect the EU will not consider us very much when raising rates. We're a nuisance both politically and financially. If all of the EU behaved like the PIIGS, the EU would be a basketcase.

    Czech and Hungary talking about rate increases.
    https://www.bloomberg.com/news/articles/2021-06-14/rate-hawks-urge-start-of-hikes-in-eu-s-east-to-tame-inflation

    We have a fiscal timebomb between HAP, PUP and CGT

    Rates to go up, funds to divest from low yield property. That's my guess. It's incredible to see the level of fund activity at the top but they have form. I'd love to know the current population of Ireland as the amount of apartments being built around Dublin seems incredible.

    Contrary to PropQuery, I think August is early. We may still escape but in order to do so we'd need to be firing on all cylinders....


  • #2458
    mcsean2163
    Registered Users, Registered Users 2 Posts: 1,839 ✭✭✭mcsean2163


    This is interesting:

    https://www.independent.ie/irish-news/house-prices-have-risen-68pc-and-wages-just-9pc-but-worst-is-yet-to-come-40534492.html

    The timeframe is very selective but it illustrates our unsustainable trajectory.


  • #2459
    Timing belt
    Registered Users, Registered Users 2 Posts: 3,619 ✭✭✭Timing belt


    mcsean2163 wrote: »


    I don't follow what you're saying at all. If government bonds go up the banks could buy those with deposits thus reducing the interest they would have to charge.

    Secondly, we have the highest debt per capita in EU

    https://www.irishtimes.com/business/economy/ireland-to-have-highest-debt-per-head-in-europe-this-year-1.4503652

    In real terms, every other country in the EU is less indebted than us and especially so in Eastern Europe. They may have a different opinion to continually bailing out Ireland considering they are actually poorer than us.

    The Devoted Friend, Oscar Wilde

    I wrote about how we are spending like no tomorrow here. https://seanmcm.medium.com/how-strict-have-the-covid-19-lockdown-restrictions-been-in-ireland-22c80ea06222

    I expect the EU will not consider us very much when raising rates. We're a nuisance both politically and financially. If all of the EU behaved like the PIIGS, the EU would be a basketcase.

    Czech and Hungary talking about rate increases.
    https://www.bloomberg.com/news/articles/2021-06-14/rate-hawks-urge-start-of-hikes-in-eu-s-east-to-tame-inflation

    We have a fiscal timebomb between HAP, PUP and CGT

    Rates to go up, funds to divest from low yield property. That's my guess. It's incredible to see the level of fund activity at the top but they have form. I'd love to know the current population of Ireland as the amount of apartments being built around Dublin seems incredible.

    Contrary to PropQuery, I think August is early. We may still escape but in order to do so we'd need to be firing on all cylinders....

    My point is that if rates rise due to tapering of QE (and not a ECB rate change) and investors start buying bonds this will pull cash from equities before property and in turn put downward pressure on yields on government bonds making them less attractive to investors over time.

    If the ECB was to increase its rate as opposed to tapering QE then yes it would provide a floor for a higher rates on government bonds but it is more likely that the ECB won’t do this and instead tapper QE to fight inflation. If they do then it will be the tech stocks that will see a drop in value due to future profits being lower due to inflation eroding there value as opposed to property that is a hedge for inflation.


    In my opinion we are more likely to see tech companies cut costs (jobs) because of this in an effort to prop up share prices than investors selling property. Maybe this will dampen demand for property due to lower migration levels into Ireland and purchasing power of people employed in IT companies. But the inflation will put off developers building more property which will constrain the supply side further.

    The Eastern European countries will naturally not want to see inflation as it’s not that long ago that inflation crippled these countries due to loans in foreign currencies. It will be Germany France and Spain that will dictate the ECB response as these are the big economies and not the Eastern European countries.


  • #2460
    Wanderer78
    Registered Users, Registered Users 2 Posts: 31,156 ✭✭✭✭Wanderer78


    The only way out of our current property mess is to keep the bulk of the debts on the public books, this would be fine, as long as the debts are serviced and serviceable. but since we continually keep electing fiscal conservatives, this probably won't happen any time soon, so our housing issues are here to stay, making the next ge a blood bath


  • Advertisement
  • #2461
    Hubertj
    Registered Users, Registered Users 2 Posts: 2,000 ✭✭✭Hubertj


    mcsean2163 wrote: »


    I don't follow what you're saying at all. If government bonds go up the banks could buy those with deposits thus reducing the interest they would have to charge.

    Secondly, we have the highest debt per capita in EU

    https://www.irishtimes.com/business/economy/ireland-to-have-highest-debt-per-head-in-europe-this-year-1.4503652

    In real terms, every other country in the EU is less indebted than us and especially so in Eastern Europe. They may have a different opinion to continually bailing out Ireland considering they are actually poorer than us.

    The Devoted Friend, Oscar Wilde

    I wrote about how we are spending like no tomorrow here. https://seanmcm.medium.com/how-strict-have-the-covid-19-lockdown-restrictions-been-in-ireland-22c80ea06222

    I expect the EU will not consider us very much when raising rates. We're a nuisance both politically and financially. If all of the EU behaved like the PIIGS, the EU would be a basketcase.

    Czech and Hungary talking about rate increases.
    https://www.bloomberg.com/news/articles/2021-06-14/rate-hawks-urge-start-of-hikes-in-eu-s-east-to-tame-inflation

    We have a fiscal timebomb between HAP, PUP and CGT

    Rates to go up, funds to divest from low yield property. That's my guess. It's incredible to see the level of fund activity at the top but they have form. I'd love to know the current population of Ireland as the amount of apartments being built around Dublin seems incredible.

    Contrary to PropQuery, I think August is early. We may still escape but in order to do so we'd need to be firing on all cylinders....

    Some real rabbit hole stuff here. As another poster said the most that will happen is QE will be tapered. I would also expect property prices to level off and possibly fall in some segments as supply increases over the coming 12 months. The way I see it at present is the chain is broken for many. There is not anywhere to trade up or down to so they are staying put.


Advertisement