Mumha wrote: » Does anyone have a take on the numbers of properties for sale in the Glasheen, Wilton, Bandon Road, Magazine Road areas of Cork City ? I would have thought quite a few look like they were already rented properties, and if that was the case, why would landlords be selling now, when the rents are rising ? Certainly there are a lot of For Sale properties in the immediate area of UCC.
gosplan wrote: » Hearing a lot about investors heading elsewhere as we're not at rock bottom anymore. They got a nice little 15% gain and now their money is better placed elsewhere. The improving economy and the odd ex-pat returning from Dubai with a suitcase of cash may be enough to balance the impact of the CB's new regs but surely if outside investment and all those cash sales drop off, the Dublin market's headed down.
handlemaster wrote: » Where will the workers and new starter families live ? The economy has improved prices in dublin will remain stable for now. Perhaps up and down a little but no major movement. Rents on the other hand will keeping moving up
The_Conductor wrote: » Yet- at the same time- we're not building property- its defacto ceased- construction unemployment rates are on the rise again- and its increasingly difficult to borrow.
farrerg wrote: » Have any substantial new developments started in the last 6 months around Dublin? Or that will launch in the next 6? I was trying to think of any new builds that have begun since the rules came in and all I could think of was rokeby, the rest would have been started last year. With such constrained supply, I just can't see prices falling
Alter_Ego wrote: » Is the supply really that constrained though? How many of these actually ready to buy can say "there is nothing out there that I would put my money in"?
handlemaster wrote: » http://m.independent.ie/business/irish/mortgage-caps-hit-dublin-house-price-growth-31470130.html I think supply has increased going by daft thats secondhand sales. I note Gunnes are saying that btl investors are selling more
Dun Laoghaire: a more stable housing market is expected.
Terenure: an increase in supply in the D6, D12, D14 and D16 areas which is resulting in a stabilisation in price increases
Naas: Prices have stabilised
gaius c wrote: » That's the kind of thinking that led to folk buying one bed apartments just to get on the ladder.
Alter_Ego wrote: » Don't see how you arrived at this conclusion? I've simply asked a question 'is there nothing out there'? I think most people just want to get on with their life at this stage, getting on the ladder has proven to yield pretty poor result for many.
Jet Black wrote: » Looking to buy something sub 150k at the moment decided to look in Finglas. I've lived in Finglas all my live so know the areas I'd be happy with living. Thought it wouldn't be too hard plenty of places around in my budget but it looks like I was wrong. First place I looked at was 135k, only worth 120k max imo. Sitting room was the size of the back of a hiace and the kitchen was twice as big so needed at very least an extension in one direction. Small two bed. Open viewing attracted a steady stream of viewers and the agent had an offer of 145k in 5 minutes. That was the end of that. Second place was up for 170k this was a few doors up from the house above. On the market 6 months no offers. Place needed a good bit of work at least 20-30k. Very small two bed again. Offered 130 and heard nothing back. As I was leaving asked the estate agent about a house he had 5 minutes away also in Finglas . Was up for 150k current bid is 180k. OK.. Third place was up for 95k small two bed again. Needed a good bit of work done. Kitchen ripped out and not replaced. Wires hanging from the ceiling. Open viewing was jammed and in a week it's 125k and rising by the day. I can see it getting close to 150k. 6 bidders on this. Estate agent had another open viewing yesterday as if there wasn't enough interest Last place I looked at was a bit over priced considering the area isn't great. I'd personally consider it a no go area but a friend dragged me along. Was up a couple of days and on entering EA said it had an offer of asking. Bit surprised again because of the area and the house needed a good bit of work done. So my conclusion is that anything sub 150k and growing anywhere in Dublin will be gone over the next few months. Doesn't seem to matter how bad the area or property is. People are taking the lower amount they can borrow and getting what they can with it.
handlemaster wrote: » i take it you were looking around dunsink area . Is there really that level of demand there ?
UK commercial and residential property values are in bubble territory again and vulnerable to any tightening in credit markets, according to Mike Prew, an analyst at Jefferies Group.
"The last time REITs were this good they needed rights issues nine months later,"
OfflerCrocGod wrote: » I think the US slowing will have a far greater effect on Ireland then the Chinese stock market. I wouldn't be surprised if part of the sell off was due to the impending Fed rate rise.
draiochtanois wrote: » This post has been deleted.
donkeyoaty0099 wrote: » Is that a standard wage for a couple? Seems awfully low.
