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05-11-2018, 16:13   #46
nox001
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Originally Posted by terrydel View Post
Not evening wants a modern, open plan living 'space' middle class utopia tho.
Fair enough, I personally just find the rooms are very small/badly laid out in most older houses, and even many newer houses but I do find that things are improving.
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05-11-2018, 16:21   #47
Ursus Horribilis
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Some of the smallest houses I've been in were "starter homes" built during the first decade of this century. Ones where you'd step into a room and nearly be able to touch the back wall from the door.
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05-11-2018, 18:36   #48
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You can still buy in Limerick at less than the cost to build, so supply won't ramp up until that washes out. You are talking about the Bloomfield development. It's good value per square metre. Don't listen to pub talk, people haven't a clue what they are on about. If there was a drop of that nature you can be sure to f*ck you wouldn't be getting a loan so they may as well drop to 50 grand.
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06-11-2018, 00:04   #49
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You can still buy in Limerick at less than the cost to build, so supply won't ramp up until that washes out. You are talking about the Bloomfield development. It's good value per square metre. Don't listen to pub talk, people haven't a clue what they are on about. If there was a drop of that nature you can be sure to f*ck you wouldn't be getting a loan so they may as well drop to 50 grand.
What would you think a 3bed semi would cost to build??Thanks
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06-11-2018, 00:13   #50
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Staggeringly so- in the case of Galway city.
Galway regional and county- are a lot more reasonable- however, as with anywhere- price is determined by location.
If you're working in Galway city- you're in for a shock at just how appalling the traffic can be- its up there with the worst traffic Dublin can offer.

Also- the prices in Galway city- don't even seem to have any relationship with local incomes- there is a complete and utter divorce. Areas of Galway city are on parr with D4 pricewise.
Thanks. it is possibly the most expensive city in Ireland when you weigh up all the factors
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06-11-2018, 06:47   #51
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Another crash will occur at some stage, that could be anytime in the next 5 minutes, to the next 50 years, nobody knows when. There's no such thing as the perfect time to buy, just go for it when the time suits you, but be aware, there will be a downturn at some stage during your mortgage. Best of luck
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06-11-2018, 15:38   #52
Claw Hammer
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Property prices are stalling and falling. Better sit it out.
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06-11-2018, 16:53   #53
M.Cribben
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Property prices are stalling and falling. Better sit it out.

The rate of increase has certainly slowed this year, but sale prices are far from 'falling'. There was an Irish Times report last month on asking prices falling 2.5%, but asking prices are not a good metric to gauge the market. Sale prices are all that matter which is why I prefer the daft quarterly reports. I could set the asking price of my house at 1 million or 1 euro, it doesn't reflect the true value (max someone will pay for the property). So long as the supply shortage exists, sale prices won't fall in any significant way.
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06-11-2018, 17:21   #54
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Asking prices for gafs in the most expensive parts of Dublin were falling. They rose by 10 % in North County Dublin. If you're buying a house in the most expensive part of limerick I'd wait. If you're going for standard issue 3/4 bed semi d in suburbia you should be safe enough.

I also would not listen to anyone on here. Myself included. If it's right for you now, then do it. Especially if you're paying extortionate rent.
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06-11-2018, 20:19   #55
4ensic15
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The rate of increase has certainly slowed this year, but sale prices are far from 'falling'. There was an Irish Times report last month on asking prices falling 2.5%, but asking prices are not a good metric to gauge the market. Sale prices are all that matter which is why I prefer the daft quarterly reports. I could set the asking price of my house at 1 million or 1 euro, it doesn't reflect the true value (max someone will pay for the property). So long as the supply shortage exists, sale prices won't fall in any significant way.
That is what they were saying in 2006!
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07-11-2018, 17:45   #56
masterboy123
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My home hunting continues.

I am baffled to see today's new property.

https://www.daft.ie/11961676

Prices in Limerick are reaching to Dublin prices.
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07-11-2018, 17:59   #57
Samuel T. Cogley
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That is what they were saying in 2006!

Not really, we has plentiful supply in 2006.
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07-11-2018, 18:01   #58
Samuel T. Cogley
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My home hunting continues.

I am baffled to see today's new property.

https://www.daft.ie/11961676

Prices in Limerick are reaching to Dublin prices.

In fairness penthouses always attract a premium. You wouldn't get much penthouse in Dublin for 350K these days.
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07-11-2018, 18:40   #59
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Not really, we has plentiful supply in 2006.

Not really most of the oversupply was in areas of little or no demand
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07-11-2018, 20:42   #60
nox001
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My home hunting continues.

I am baffled to see today's new property.

https://www.daft.ie/11961676

Prices in Limerick are reaching to Dublin prices.
That place in Dublin could be a million euro in a very sought after area.
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