Irish Property Market 2020 Part 2

Graham wrote: »

A lockdown baby-boom?

No
Young population. Natural increase: Relatively low death rate vs relatively high birth rate.

Smouse156 wrote: »

Pump and dump!

https://www.independent.ie/irish-news/news/bidding-wars-for-niche-homes-as-buyers-flood-the-market-following-covid-19-lockdown-39416426.html

Yeah....the market is in a frenzy...not.

There seem to be a lot of price reductions on myhome.ie...over 100 per week.

Pelezico wrote: »

Yeah....the market is in a frenzy...not.

There seem to be a lot of price reductions on myhome.ie...over 100 per week.

Asking prices on my home and daft are just that - asking prices...

If i was an auctioneer and a lad came to be wanting to sell his 200,000 house for 250,000, I would take it on (some fee up front, free advertising with my signs, get people calling and potentially sell another home, etc etc)

The number of recorded changes in price in myhome.ie has increased dramatically over the last few months.

If this continues, and the number of transactions remains subdued, a pattern will develop, not dissimilar to the last recession.

looks like govt are looking at public recruitment ban and another moratorium on promotions, this will hit staff morale very badly

pay cuts, increment freezes, below inflation pay agreements and tax rises must also be in the offing shortly for public services staff too...

wonder how much this will affect property market confidence in the autumn...

combat14 wrote: »

looks like govt are looking at public recruitment ban and another moratorium on promotions, this will hit staff morale very badly

pay cuts, increment freezes, below inflation pay agreements and tax rises must also be in the offing shortly for public services staff too...

wonder how much this will affect property market confidence in the autumn...

According to the Irish Examiner, a recruitment ban is one of the options which may or not be considered.

There's nothing about increment freezes, or pay cuts.

combat14 wrote: »

not yet it is only a matter of time ..

the country has gone from 45 billion in debt to approx. 245 billion in 12 years

starting to sound a lot like 2008/9 again with public sector being targeted again



https://www.google.com/amp/s/www.irishexaminer.com/news/arid-40025909.html%3ftype=amp

What do you you mean by “targeted”? Public sector jobs are a gravy train. You don’t need morale if you haVe a job for life. Misery misery misery

mcsean2163 wrote: »

I was looking at an office in park West for €150k. It's sold already before I could view. That seemed to be firesale to me....

Parkwest had a huge glut of commercial space even before the pandemic, so to go that quickly is either a huge discount or an elaborate confidence trick.

Cantstandsya wrote: »

Nonsense. Plenty of recruitment campaigns the last few years. People want public sector jobs in a recession but they aren't interested in those jobs during the good times.

Private sector pays more so people go there. Private sector is less secure so people whine about public sector in hard times.

:rolleyes: Ok

The Belly wrote: »

:rolleyes: Ok

Ok indeed. Are you saying there haven't been recruitment campaigns the last few years?

I know for a fact that there have been, so why don't all the people who crow on about how great public sector jobs are ever seem to apply for them?

The Belly wrote: »

Its not the thread for this but

Do a little research and see how many jobs were available in which area and how many applications they received.

Also, see which posts they were not able to fill.

Practically none apart from Health care specialized jobs.

Your "why don't you apply argument" is horse **** the fact is the jobs available are always oversubscribed at all times because of all the perks that go with it.

I presume you're a PS worker but the facts are very very few jobs of similar skills in the private sector provide anything close to the package and security a PS worker gets.

Yeah it's not the place for this, it's the place to take pot shots at public sector workers without response. Same as last recession blame it on the public sector.

There have been tonnes of recruitment campaigns and they are competitive and they have decent terms.

If you don't apply for a job and don't get it then you've nothing to complain about. If you do apply for a good job with lots of competition and don't get it, that's the fault of neither the job nor the people who did get it.

As for the respective skills of PS vs private sector workers, judging by the comments in this thread I'm sure any semi competent private sector worker will have no problem mopping the floor with the competition during a PS recruitment campaign.

The Wordress wrote: »

Yes, it is horrible. I was in my 20s during the last recession and I thanked my lucky stars that I had a permanent teaching job during that time but I had a lot of people make me feel really bad about it.

Since the last recession, when times were good, not many of my teaching friends in Dublin could buy property, unless they had very wealthy partners

It effect me in no way at all but i can understand why people may be a little pissed off when the country is heading into a major downturn probably massive unemployment and the government is all set to increase PS pay in October.

House prices wise well if employed in the PS and permanent your in a great position if house prices fall as it will be one of the only employment sectors able to get a mortgage as it was in the last crash.

KBC actually asks are you public or priate sector on their website:)