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

Uk prices are far more mental and unaffordable than Dublin. 5* salary and proof of repayment showing your p60 is enough. No diligent savings etc.

Maybe, but real data shows we are following their trend, so far.

I've seen some bonkers bidding on auction sites again. People realizing prices are staying high, no real supply and salary increases are cancelling the effect of interest rate rises?

I agree rates won't be reversing anytime soon.. But at the same time, I reckon there might be 1 or 2 more small rate hikes by the ECB (.25%) and rates will be let to sit at that rate for a period. I think people need to realise that two recession's won't be the same.

We have been hearing that this will happen for the last 4-5 years but the situation has not changed much.

I predicted a 10% drop last year to happen throughout this year and into next year. Things are moving that way slower than I taught but I expect it to stabilize around that.

Unless supply jumps for some reason out of the ordinary I cannot see a fall of much beyond that. The one factor that might change it is the government intends to start building modular houses mid/late next year which may jump supply rapidly.

Solicitors who send the letter demanding payment for not objecting has lost his job.

It's seems it was a limited cabal that were looking for payment for not objecting of high flyers in the area probably without the knowledge of other house owners. They were looking for boundary changes for other house owners.

However this solicitor used his company email and probably letter headings to send the demand. He has ''left'' the company he was working for the largest legal firm in Ireland where he he was a senior solicitor.

The other involved are a company director and a director of a semi state body. I would like to see action against them as well.

This looks more like an attempted shakedown/ fraud than a legitimate negotiation over a planning issue

How common is this practice? Is it similar to paying protection money to build that was standard practice for years.

A lot of for sale stuff is already “sale agreed”. Lisney for example keep it as such until contracts are signed.

Ya exactly. Agents didn't just start leaving sold or sale agreed houses up on daft.

I think the difference is due to sites. The ‘all property’ search on Daft includes sites by default, and there’s 2,938 of them on Daft as of today.

These look like a great solution to housing issues. Interesting that they only became a solution for the government once the EU could see that they might start letting down refugees otherwise. There was nothing stopping them introducing these as fast as they are now for the indigenous population. But, of course, they didn't.

Another thing about these is that they will never be "temporary". Nothing the government says is temporary ever turns out to be. What are they going to do to these families in 12 months? Kick them out? If they have decided to stay, you can be guaranteed most of this housing will be permanent for them. I'd be galled to be on the social housing list right now. No sign of them racing to get these up for social/affordable housing.

We are going to see a lot more of this. Government built refugee modular homes are going to open up the floodgates on self builds.

https://tippfm.com/featured-2/local-man-face-council-court-log-cabin-erected-familys-land/

Will be interesting to see if they have the balls to start building modular social homes for the Irish. Would be a quick and cheaper solution to the housing crisis. If there is such a push, I could see property prices decimated, which make me skeptical if they would do it.

If there ever was a time where ethics governed the actions of any group, we are well past it. These days, everything is about the grift. If you have ethics and a conscience, you don't go very far.

Hmm, I have some recollection of the state's attempt to build prefabs for housing a few years ago, only for the cost to be largely the same as build a "real" house.

I agree that none of this will be temporary. The USC was, I believe, meant to be a temporary measure, but it's still here. Most people here as refugees will not ever return home, even if the ostensible circumstances for their being here no longer exist, and the state will allow this because it adds to GDP growth. Prefab slums beckon, I opine...