Irish Property Market 2020 Part 2

brisan · 24-11-2020 12:10pm

Reins wrote: »

https://www.loghouse.ie/product/ashford-log-cabin-4m-x-3m/

This is what my friend got.

Apologies for refering to it as a Seomra,they're really all the same to me,meaning they're just outside living space but except that Seomra is a particular brand and you pay extra for that.

You pay extra because normally they are better built , better insulated and better finishes than other brands
The word Seomra has become synonymous with outside cabin/living accommodation /office space because of the quality
Much the same way Hoover became the name for vacuum cleaners

Add in the extras listed to bring the longhouse up to seomra standards and it’s a lot more than the headline price

Downloaded · 24-11-2020 12:28pm

Reins wrote: »

https://www.loghouse.ie/product/ashford-log-cabin-4m-x-3m/

This is what my friend got.

Apologies for refering to it as a Seomra,they're really all the same to me,meaning they're just outside living space but except that Seomra is a particular brand and you pay extra for that.

'Ticking the boxes' on the extras such as insulation and foundations etc. on the LogHouse brings the total cost closer to 10k - How does that compare to the Seomra version?

IAmTheReign · 24-11-2020 12:32pm

Reins wrote: »

Does anyone know off the top of their head what percentage has Dublin property prices increased by ,looking for Nov '19 to Nov '20?(roughly) thanks

CSOs property price index tracks that. Dublin has dropped 1..8% overall in the last 12 months, regional breakdown is here if you want more specific info.

https://www.cso.ie/en/releasesandpublications/ep/p-rppi/residentialpropertypriceindexseptember2020/

Cyrus · 24-11-2020 12:41pm

Reins wrote: »

https://www.loghouse.ie/product/ashford-log-cabin-4m-x-3m/

This is what my friend got.

Apologies for refering to it as a Seomra,they're really all the same to me,meaning they're just outside living space but except that Seomra is a particular brand and you pay extra for that.

thats a shed

cnocbui · 24-11-2020 12:49pm

Reins wrote: »

https://www.loghouse.ie/product/ashford-log-cabin-4m-x-3m/

This is what my friend got.

Apologies for refering to it as a Seomra,they're really all the same to me,meaning they're just outside living space but except that Seomra is a particular brand and you pay extra for that.

If any of it is bare wood when he gets it, tell him to soak every inch with some chemical noxious to wood lice or they will eat it out from under him.

IAmTheReign · 24-11-2020 12:53pm

Reins wrote: »

Newcastle Co.Dublin

https://propertypriceregisterireland.com/details/41_newcastle_manor_square_newcastle_dublin_22_co_dublin_ireland-425785/

https://www.daft.ie/dublin/houses-for-sale/newcastle/23-newcastle-manor-square-newcastle-dublin-2648282/

Exact same interior just a different front. More expensive one is a terrace, other one is an end terrace.

Nuts!

TBF if I had the option of living here or here I know which I'd choose!

This 4 bed mid terrace sold for 325k a year ago.

https://propertypriceregisterireland.com/details/30_newcastle_manor_square_newcastle_dublin_22_co_dublin_ireland-423512/

And this 3 bed end of terrace sold for 280k recently

https://propertypriceregisterireland.com/details/28_newcastle_manor_square_newcastle_dublin_22_co_dublin_ireland-465393/

295k seems to me like a fairly on the ball asking price for what looks to be a well maintained 3 bed with a decent sized outbuilding.

Reins · 24-11-2020 2:35pm

IAmTheReign wrote: »

TBF if I had the option of living here or here I know which I'd choose!

This 4 bed mid terrace sold for 325k a year ago.

https://propertypriceregisterireland.com/details/30_newcastle_manor_square_newcastle_dublin_22_co_dublin_ireland-423512/

And this 3 bed end of terrace sold for 280k recently

https://propertypriceregisterireland.com/details/28_newcastle_manor_square_newcastle_dublin_22_co_dublin_ireland-465393/

295k seems to me like a fairly on the ball asking price for what looks to be a well maintained 3 bed with a decent sized outbuilding.

Why? Because the front is more appealing to you? End Terrace would trump it for me..

I saw the other 2 you linked on the ppr. The 1 that sold for 325k had an attic conversion and a large extension, probably worth 50k in total. I think that's a huge increase in one year in that particular estate. You think it's fair value.me not so much.

https://www.myhome.ie/residential/brochure/30-newcastle-manor-square-newcastle-dublin/4364346
The 325k one

Sweet.Science · 24-11-2020 2:56pm

some estate agents lose the run of themselves

Nice estate but come on

https://www.daft.ie/dublin/houses-for-sale/coolock/32-moatfield-park-coolock-coolock-dublin-2729470/

optogirl · 24-11-2020 3:37pm

Sweet.Science wrote: »

some estate agents lose the run of themselves

Nice estate but come on

https://www.daft.ie/dublin/houses-for-sale/coolock/32-moatfield-park-coolock-coolock-dublin-2729470/

that does seem bonkers pricing

brisan · 24-11-2020 4:02pm

Sweet.Science wrote: »

some estate agents lose the run of themselves

Nice estate but come on

https://www.daft.ie/dublin/houses-for-sale/coolock/32-moatfield-park-coolock-coolock-dublin-2729470/

I will eat my hat if that gets anywhere near that price
That is kite flying of the highest order
Another house in the same estate is 100k cheaper
That house at 490k needs a lot of work
For 490 you could buy a nearly turnkey in Brookwood/Rosemount
Christ you would get a FAIRLY modern turnkey house in St Brigids estate for that money

TheSheriff · 24-11-2020 4:08pm

optogirl wrote: »

that does seem bonkers pricing

'Just off the malahide road" .......in central coolock.

Worth the money if it was in malahide maybe !

brisan · 24-11-2020 4:11pm

TheSheriff wrote: »

'Just off the malahide road" .......in central coolock.

Worth the money if it was in malahide maybe !

To be fair there are a lot estates and houses "Just off" the Malahide road
Some good some not so good
Griffith Avenue and Coolock village being an example of each

TheSheriff · 24-11-2020 4:16pm

optogirl wrote: »

that does seem bonkers pricing

brisan wrote: »

To be fair there are a lot estates and houses "Just off" the Malahide road
Some good some not so good
Griffith Avenue and Coolock village being an example of each

Of course , I just always laugh when I see these. Its almost like its just to get 'Maladhide' in the ad somewhere.

Saw it extensively with houses in clonsilla, a 'stones throw from castleknock'

brisan · 24-11-2020 4:19pm

TheSheriff wrote: »

Of course , I just always laugh when I see these. Its almost like its just to get 'Maladhide' in the ad somewhere.

Saw it extensively with houses in clonsilla, a 'stones throw from castleknock'

Estate agent blurb
Blank canvas for the purchaser -in a heap and needs major work
Opportunity for a purchaser to put their own stamp on it -Knock it down and start it again

TheSheriff · 24-11-2020 4:51pm

brisan wrote: »

Estate agent blurb
Blank canvas for the purchaser -in a heap and needs major work
Opportunity for a purchaser to put their own stamp on it -Knock it down and start it again

Another one springs to mind I remember, the house was described as Glasnevin north. It was in ballymun.

Sweet.Science · 24-11-2020 5:04pm

brisan wrote: »

I will eat my hat if that gets anywhere near that price
That is kite flying of the highest order
Another house in the same estate is 100k cheaper
That house at 490k needs a lot of work
For 490 you could buy a nearly turnkey in Brookwood/Rosemount
Christ you would get a FAIRLY modern turnkey house in St Brigids estate for that money

390 but your point still stands .

Sweet.Science · 24-11-2020 5:06pm

TheSheriff wrote: »

Of course , I just always laugh when I see these. Its almost like its just to get 'Maladhide' in the ad somewhere.

Saw it extensively with houses in clonsilla, a 'stones throw from castleknock'

Never understood the lure of Castleknock . Couldn't justify paying them prices but each their own

TheSheriff · 24-11-2020 5:42pm

Sweet.Science wrote: »

Never understood the lure of Castleknock . Couldn't justify paying them prices but each their own

Its the same as any premium location in Dublin tbh, but not as pricey as south Dublin, or indeed malahide.

Its the proximity to the park and the dart line. Pure and simple.

Claw Hammer · 24-11-2020 6:34pm

TheSheriff wrote: »

Its the same as any premium location in Dublin tbh, but not as pricey as south Dublin, or indeed malahide.

Its the proximity to the park and the dart line. Pure and simple.

Where is the Dart line in Castleknock?

brisan · 24-11-2020 6:47pm

Claw Hammer wrote: »

Where is the Dart line in Castleknock?

https://www.irishrail.ie/station/castleknock
Not a DART but a train station

Ush1 · 24-11-2020 6:49pm

Sweet.Science wrote: »

Never understood the lure of Castleknock . Couldn't justify paying them prices but each their own

Same as Foxrock, paying a lot of money to be around other people who paid a lot.

Claw Hammer · 24-11-2020 6:54pm

brisan wrote: »

https://www.irishrail.ie/station/castleknock
Not a DART but a train station

It is nowhere near the dart line. Just because there is a train station there, does not mean that the dart line runs through it.

brisan · 24-11-2020 6:58pm

Claw Hammer wrote: »

It is nowhere near the dart line. Just because there is a train station there, does not mean that the dart line runs through it.

If you read my post you will notice I said it was a train station and not a DART station
There are trains running to and from it on a regular basis

TheSheriff · 24-11-2020 7:02pm

Claw Hammer wrote: »

It is nowhere near the dart line. Just because there is a train station there, does not mean that the dart line runs through it.

Apologies, I said DART, I should have said train (although I believe the dart is in the horizon). Regardless, it's approx 25 mins to city centre.

Not trying to big it up versus other locations, we like it, I'd prefer to live near the sea, but that's comparatively more expensive.

Claw Hammer · 24-11-2020 7:16pm

brisan wrote: »

If you read my post you will notice I said it was a train station and not a DART station
There are trains running to and from it on a regular basis

I was replying to a poster who said there was a dart line in Castleknock. There is no dart in Castleknock. Whatever trains run through Castleknock do not provide a service cap comparable in any way to the dart.
I think Castleknock has a few roads with reasonably good houses and the rest of it is lower middle class rubbish.

brisan · 24-11-2020 7:47pm

Claw Hammer wrote: »

I was replying to a poster who said there was a dart line in Castleknock. There is no dart in Castleknock. Whatever trains run through Castleknock do not provide a service cap comparable in any way to the dart.
I think Castleknock has a few roads with reasonably good houses and the rest of it is lower middle class rubbish.

if you were replying to another poster why did you quote my post ?
Surely the proper etiquette when replying to a post is to quote that post and not another posters reply

20Cent · 24-11-2020 8:05pm

Want to sell a house at the moment, called some estate agents. One was talking about this long term social leasing scheme and Said that there are Investors buying up places at good prices to rent them out with this scheme.

Anyone know if this is true or is he full of it?

It's in Dublin city centre and would be easy to let.

fliball123 · 24-11-2020 8:07pm

20Cent wrote: »

Want to sell a house at the moment, called some estate agents. One was talking about this long term social leasing scheme and Said that there are Investors buying up places at good prices to rent them out with this scheme.

Anyone know if this is true or is he full of it?

It's in Dublin city centre and would be easy to let.

Yeah you can give you gaff to the gov they will give you 85% of the going rate of rent for your place and they will look after the maintenance for you

TheSheriff · 24-11-2020 8:08pm

Claw Hammer wrote: »

I was replying to a poster who said there was a dart line in Castleknock. There is no dart in Castleknock. Whatever trains run through Castleknock do not provide a service cap comparable in any way to the dart.
I think Castleknock has a few roads with reasonably good houses and the rest of it is lower middle class rubbish.

Whether you intended it or not, this comes across as extremely bitter.

I could think of far worse areas to live to be honest.

brisan · 24-11-2020 8:08pm

20Cent wrote: »

Want to sell a house at the moment, called some estate agents. One was talking about this long term social leasing scheme and Said that there are Investors buying up places at good prices to rent them out with this scheme.

Anyone know if this is true or is he full of it?

It's in Dublin city centre and would be easy to let.

Fair chance he was full of it if he was talking

fliball123 · 24-11-2020 8:17pm

brisan wrote: »

Fair chance he was full of it if he was talking

Its actually very true

https://www.housingagency.ie/housing-information/information-property-owners-and-landlords

woejus · 24-11-2020 8:17pm

Ush1 wrote: »

Same as Foxrock, paying a lot of money to be around other people who paid a lot.

Is this really your understanding of what makes areas such as Foxrock appealing? That other people have paid "a lot" to own a house there?

Seems more like bitterness to me.

Privacy, quiet, space, proximity to city centre... these are the differentiators that drive properties price variances.

That and no howyehs roaming the streets.

brisan · 24-11-2020 8:18pm

fliball123 wrote: »

Its actually very true

https://www.housingagency.ie/housing-information/information-property-owners-and-landlords

It was said in jest

Pink11 · 24-11-2020 8:19pm

TheSheriff wrote: »

Another one springs to mind I remember, the house was described as Glasnevin north. It was in ballymun.

Glasnevin gets pulled and dragged into all sorts. Have seen Finglas and Cabra under that address too.

Fairview and Ballybough described as leafy Drumcondra...

Worst are those new housing brochures. Could be sued for false advertising! It's shocking what they lump into them.

Double check the eircode to be sure!

Sweet.Science · 24-11-2020 10:09pm

People are so weird about where they live

brisan · 24-11-2020 10:23pm

https://www.myhome.ie/residential/brochure/hampton-gardens-balbriggan-co-dublin/4467285

i wonder what the reason for this sale is
I wonder would they knock the half a mill off if I offered cash

Here is another one

https://www.myhome.ie/residential/brochure/the-willows-block-b-claremont-road-sandymount-dublin-4/4397642

Reversal · 25-11-2020 11:45am

Castleknock certainly presents terrible value for money. More expensive semis more expensive than Templeouge, Terenure or Rathfarnham while having none of the character of the early to mid century stuff built in those locations.

I suspect the overvaluation of property in Castleknock comes from the fact it is an oasis in West Dublin. If you want to live on that side of the city it's the only option, you are totally surrounded by dumps outside of Castleknock. Hence people gladly overpay for cavity block semi d sheds.

The_Conductor · 25-11-2020 11:53am

Reversal wrote: »

Castleknock certainly presents terrible value for money. More expensive semis more expensive than Templeouge, Terenure or Rathfarnham while having none of the character of the early to mid century stuff built in those locations.

I suspect the overvaluation of property in Castleknock comes from the fact it is an oasis in West Dublin. If you want to live on that side of the city it's the only option, you are totally surrounded by dumps outside of Castleknock. Hence people gladly overpay for cavity block semi d sheds.

Hoi- you really are denigrating West Dublin. Certainly Castleknock is a high demand area- however, while I accept that there are many less salubrious areas in West Dublin- there are also many traditional areas with decent housing, decent people and more reasonable prices. The bigger issue with West Dublin- is unfettered development- which is rapidly getting worse in some areas (Lucan for example) in the name is SDZs and light touch planning regulation. The lack of thought given to areas like West Dublin- is bewildering- and is rapidly creating further ghettos and no-go areas, even in erstewhile 'good' areas.

The whole premise of West Dublin, Castleknock included, is ease of access to the city centre. Hopefully our enforced experiment of the last 9 months- brings a seachange to that attitude.

j@utis · 25-11-2020 12:01pm

Hotel is selling off its rooms? What's this about? Powerscourt

Graham · 25-11-2020 12:03pm

j@utis wrote: »

Hotel is selling off its rooms? What's this about? Powerscourt

Hotels are often financed by selling 'rooms' to investors, it's not that uncommon. Hotel gets investors, investors get a 'guaranteed' income.

That could well be an existing investor looking to cash out rather than the hotel going to market.

thefridge2006 · 25-11-2020 12:06pm

Hopes for a swift economic recovery in 2021 have faded, says ECB

https://www.thejournal.ie/ecb-financial-stability-update-5278126-Nov2020/

There's a surprise......:rolleyes:, but doesn't affect us here in Ireland, we're different and wont affect anything here, especially housing

The_Conductor · 25-11-2020 12:07pm

j@utis wrote: »

Hotel is selling off its rooms? What's this about? Powerscourt

Its not terribly unusual (perhaps it is in an Irish context- however, its common Stateside). You're buying a fully serviced suite- which remains managed by the Hotel- they gain management fees for the privilege of letting it (akin to how the let any other suites) and they look after it in a manner akin to any of the other suites. In return you get an income from your investment- in the current climate they are suggesting an ROI of 5%- which may be reasonable in the context of zero % rates for someone who has 100k to park somewhere. Issue is- returns are not guaranteed, and the asset is illiquid (and usually the vendor has the contracts drawn up massively in their favour to enable them to buy you out on terms that are attractive to them at some stage in the future).

Its curious seeing it in an Irish context- however, its not a new concept by any means.

Graham · 25-11-2020 12:08pm

thefridge2006 wrote: »

Hopes for a swift economic recovery in 2021 have faded, says ECB

From the same article:

The ECB now expects the combined economies of the single currency area to grow by just 4.7% in 2021, down from the 6.2% it pencilled in during the summer.

Cyrus · 25-11-2020 12:10pm

Graham wrote: »

From the same article:

amazing what actually reading an article can do for comprehension

The_Conductor · 25-11-2020 12:10pm

4.7% growth isn't to be sniffed at.........
Of course it is in the context of a 2020 contraction- however, its not the disaster that some people seem to imagine it to be.

Hubertj · 25-11-2020 12:15pm

Cyrus wrote: »

amazing what actually reading an article can do for comprehension

Much easier to only read the headlines though

fliball123 · 25-11-2020 12:18pm

thefridge2006 wrote: »

Hopes for a swift economic recovery in 2021 have faded, says ECB

https://www.thejournal.ie/ecb-financial-stability-update-5278126-Nov2020/

There's a surprise......:rolleyes:, but doesn't affect us here in Ireland, we're different and wont affect anything here, especially housing

No it still predicts a recovery and a rise of 4.7% they are downgrading it from 6.2% hardly the doom and gloom report your making it out to be. If the economy was to grow is that not a positive result? Its also a combined so some economies will languish and others will go back up a lot quicker. So lets see have we any advantages that might help us grow quicker than other EU countries.

so only English speaking country in the EU
Corpo tax advantages
Highly educated population

Add then on top
Tourism will be back
Migration will be back

If you an american or non-EU company where are you likely to base you European HQ????

PropQueries · 25-11-2020 12:21pm

fliball123 wrote: »

No it still predicts a recovery and a rise of 4.7% they are downgrading it from 6.2% hardly the doom and gloom report your making it out to be. If the economy was to grow is that not a positive result? Its also a combined so some economies will languish and others will go back up a lot quicker. So lets see have we any advantages that might help us grow quicker than other EU countries.

so only English speaking country in the EU
Corpo tax advantages
Highly educated population

Add then on top
Tourism will be back
Migration will be back

If you an american or non-EU company where are you likely to base you European HQ????

Well, most of the banks in London have chosen Paris, Amsterdam, Frankfurt etc. in their preparations for leaving the EU...

fliball123 · 25-11-2020 12:25pm

PropQueries wrote: »

Well, most of the banks in London have chosen Paris, Amsterdam, Frankfurt etc. in their preparations for leaving the EU...

Have you a link to this? Not that you have been found to be telling porkies on here before props? I have done a quick google on Brexit and financial institutions leaving and the first 4/5 all mention Dublin do I need to keep schooling you?

I see Dublin mentioned in here as well you left it out of the top places they are going

https://www.ft.com/content/a3a92744-3a52-11e6-9a05-82a9b15a8ee7

https://www.bbc.com/news/business-47522347

https://journals.openedition.org/rfcb/1331

JP Morgan

https://www.bbc.com/news/business-39789915

Goldman Sachs

https://edition.cnn.com/2019/01/07/investing/brexit-banks-moving-assets/index.html

Cyrus · 25-11-2020 12:26pm

PropQueries wrote: »

Well, most of the banks in London have chosen Paris, Amsterdam, Frankfurt etc. in their preparations for leaving the EU...

as if by magic, quicker than i thought :pac:

Irish Property Market 2020 Part 2

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