unplayable wrote: » Houses will be built and prices will drop off they cannot continue to rise at this levels it’s not sustainable. We are coming out of a pandemic remember.
TheSheriff wrote: » Again, this was all said 18 months ago; have a look back through the various threads on this forum. Its been said for years actually. We will not have adequate supply in 18 months, even if they started building en masse tomorrow. For the foreseeable, the only way is up for house prices. I'd expect Cork to continue to rise as more people relocate from Dublin.
Mav11 wrote: » But where is the funding coming from? Prices are also rising in Dublin.
unplayable wrote: » This market is insane and a sellers market only. Wouldn’t be buying now unless you have to or get something off market. Wait 12-18 months will be a different landscape completely.
Spideoige wrote: » Friends of mine were told to hold out a year or two ago and have seen subsequent phases of their estates being sold for more than what they paid. It will probably be a year or more before we find something but I can't see the market improving in that timeframe. I think everyone needs to make their decision on what suits their situations, for us the ideal time to buy is now and we would be happy to do so if there was something suitable came up.
Gru wrote: » First time buyers mostly it would seem going by the numbers of those increasing month on month:https://www.rte.ie/news/business/2021/0628/1231847-mortgage-approvals-up-in-may-driven-by-ftbs/ they are saying in the article there are more loans being approved for first time buyers and movers since they started recording the data in 2011... Covid obviously allowed for more first time buyers to save more and be in a better buying position.
rob316 wrote: » Their is a limit to the prices though, this isn't 2007 where you could get 110% mortgages on whatever pretend salary you made up, the central bank rules will keep it from going to celtic tiger levels. I know its not far off but the sharp rise is due to the pandemic, its couldn't have been predicted. 18-24 months from now there will be more supply and hopefully affordable housing will get off the ground. The pressure on the government to sort this is immense and they know they are out if they can't make a dent in this.
Iscreamkone wrote: » Dream on if you think there will be any impact within 18-24 months. I reckon it will be 5 years of price growth at least.
rob316 wrote: » The 3.5x borrowing rule will limit how high the prices can go. Whats the average household income 70/80k? That puts a mortgage available of about 280k. Its mad right now, but I think people are looking too far ahead and predicting celtic tiger levels. The central bank rules are there for that reason, to stop wreckless borrowing on insane house prices. I can see a stagnation at the ceiling but not much if any of a decrease.
CorkRed93 wrote: » https://www.daft.ie/for-sale/site-site-b-leafy-lane-moneygourney-douglas-cork-co-cork/3432269 ..... really?
Mav11 wrote: » It seems to be gone now. Was that the one where the photo looked like it was in West Cork? Big rocky mountain behind the house.
rob316 wrote: » Their is a limit to the prices though, this isn't 2007 where you could get 110% mortgages on whatever pretend salary you made up, the central bank rules will keep it from going to celtic tiger levels. I know its not far off but the sharp rise is due to the pandemic, its couldn't have been predicted.
donnaille wrote: » Does anyone know much about this new development of 4 bed detached in Carrigaline? - https://www.daft.ie/new-home-for-sale/abbeylane-road-carrigaline-co-cork/3219283
These houses have always been priced in a range, as the Phase 2 houses are being built to a different spec.
Went for 550k in the end!🤑
https://propertypriceregister.ie/Website/npsra/PPR/npsra-ppr.nsf/eStampUNID/UNID-F901849C4D1D4B9A802587120047768C?OpenDocument
WOW ! Nice price for the sellers . Market really is tough at the minute esp in Ballinlough and Blackrock but its other locations as well !! Be interesting to see what this finally goes for - 228 Connolly Road, Ballyphehane, Co. Cork is for sale on Daft.ie
This 2-bed in Shandon impressed me, going for 85k over asking price.
https://www.auctioneera.ie/property/5-old-friary-place-off-shandon-street-cork-city-cork-t23-wk4v
Ridiculous money!!
320k? Lord above thats insane
They got great value there.
Compared to that place in Shandon st., yeah! Otherwise???
Hi Lads, Anyone know what ashmount is like? The address is Tivoli but looking on map its pretty much in mayfield? Houses look really nice there.
