I'm currently house hunting in the greater Dublin area, and finding that houses are either being snapped up pretty quickly, or left on the market for months and months. Supply seems quite low, and prices seem high compared to listings on the property price register over the past two years.
I've had an offer rejected as too low, yet that property has been on the market for 3 months and received no other offers. The sellers have made no attempt to negotiate, the indication from the EA is that only the asking price will do.
Although I really like the house, as someone who bought in the previous boom and got accordingly burned, I am extremely reluctant to offer an amount for a house that clearly nobody else is prepared to pay. All indications, even from those who usually talk the market up, is that at best prices will increase by very low amounts over the next few years.
Anyone else trying to buy or sell at the moment? How are you finding it?
Folks, general chat about the property market over here please: https://www.boards.ie/vbulletin/show...p?t=2058041687
This thread is for CURRENTLY Buying/Selling