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20-09-2020, 12:54   #5341
smurgen
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Really weird. Alot more houses after coming onto Cork daft the last week. Prices seem more reasonable too.
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20-09-2020, 13:08   #5342
Augeo
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How can you not get a house in Cork for under 650k? I live in Cork and almost every house is under that price bar those that are enormous. Most new build detached are under 500k
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Glenveagh have a new build estate in Blackrock with the most expensive houses costing 555k:

Check out this property I found using Daft: https://www.daft.ie/9135047

Your statement that you cannot buy in Cork for 650k is equivalent to saying that 1 million won’t get you a house in Dublin.

650k would buy a good house in any area of Cork.
They are looking in montenotte & St Luke's and obviously have strict criteria.
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20-09-2020, 13:22   #5343
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I don't need to make money for free NG. My husband & I work really hard & are very fortunate to have made profits on properties & we save a lot. I don't feel the need to tell anybody about what we do for us. Its not a competition, its life. We have a "big bag of cash" in the bank but that doesn't mean we're better than anyone else. In fact, I would say that there are many people with a lot less money in the bank than us who are infinitely happier.

We work hard, we save hard, we have a very happy family but the fact is that we don't have a family home at the moment & are living between our parents homes in different counties. All we want is to live in our forever family home & we just can't get one in the current climate.

I've been following this thread for months & can only envisage some contributors as banging their chests & roaring with delight as they submit their latest "property market is goosed" post but its not...property is booming & a few lackadaisical posts that don't disprove that fact aren't going to change anything. Few unnecessarily bruised chests is all it will achieve.
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Why would we rent? Did you not say at some point that your son is saving for a house & living with you in the interim? We have wonderful parents who are happy to accomodate us & we have no issues other than wanting to live in our own home together. Are we very different to your son? Have a look at Cork rentals on Daft...we'd be lucky to get somewhere suitable for €1500 a month. I'll bank that amount thanks to our parents as you know yourself ��
No...you are right to stroke in the money and hooefully watch property fall 10 % in the next year.

That would be good for you.
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20-09-2020, 13:43   #5344
Smiley11
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Glenveagh have a new build estate in Blackrock with the most expensive houses costing 555k:

Check out this property I found using Daft: https://www.daft.ie/9135047

Your statement that you cannot buy in Cork for 650k is equivalent to saying that 1 million won’t get you a house in Dublin.

650k would buy a good house in any area of Cork.
We can't find something suitable in the areas we want to live. Yes, we could buy a new house but we don't want to. We looked at a new estate & its not for us.

Of course we could buy a good house in any area of Cork within our budget but not in the areas we want to live. Some beautiful houses have come on the market this year but these were snapped up in bidding wars.

You can make all the sweeping statements you like but I think its fair to say that any persons situation is unique & people are entitled to have their own requirements, no matter what their budget is.

None of this detracts from the fact that the property market in Cork is extremely busy at the moment.
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20-09-2020, 13:53   #5345
Smiley11
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They are looking in montenotte & St Luke's and obviously have strict criteria.
Not that strict actually. We love Blackrock too. I fully accept that we'll have to compromise on some aspects but there are some things that I really want & will hold out for. I think most people do the same but I'm open to correction.
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20-09-2020, 14:06   #5346
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Why would we rent? Did you not say at some point that your son is saving for a house & living with you in the interim? We have wonderful parents who are happy to accomodate us & we have no issues other than wanting to live in our own home together. Are we very different to your son? Have a look at Cork rentals on Daft...we'd be lucky to get somewhere suitable for €1500 a month. I'll bank that amount thanks to our parents as you know yourself ��
Not renting a house in the interim for your family to be together must have been a difficult decision to make.Living as a divided family must be very stressful and you will not be able to buy back that time together. Hope you get settled into a new home before Christmas
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20-09-2020, 14:16   #5347
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Not renting a house in the interim for your family to be together must have been a difficult decision to make.Living as a divided family must be very stressful and you will not be able to buy back that time together. Hope you get settled into a new home before Christmas
She will have money in the bank when lots of others are on struggle street.

Nowhere worse than strughle street. My boy is stroking in the coin too along with his gf. They are probably younger than smiley at 27.
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20-09-2020, 14:48   #5348
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I totally understand your point.

What I see is that those cuts (especially the ones which are at a global scale, like at Accenture or Linkedin) are not a reflection of the whole tech industry. Some of these cuts are COVID-related, some others are re-structuration.

For example, even Oracle saying that they are cutting jobs in Dublin, they got about 50 roles to be filled in Dublin alone. Facebook and Google have about 80 each. Even Airbnb has a few, although it was obvious that they would be impacted big time due to COVID.

Not to mention companies that had to increase their workforce (Zalando, Deliveroo, and Stripe, to name a few) due to the increased shopping activities on the internet.

my apologies for bringing this subject here, I know it is a bit off-topic, will stop now
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20-09-2020, 18:24   #5349
Augeo
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Not that strict actually. We love Blackrock too. I fully accept that we'll have to compromise on some aspects but there are some things that I really want & will hold out for. I think most people do the same but I'm open to correction.
You must have strict criteria if you can't find a suitable property in St Luke's, montenotte or Blackrock with a 600k budget.
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20-09-2020, 20:31   #5350
dor843088
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Smiley your talking out of your rear end
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20-09-2020, 20:37   #5351
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Have to agree. We had to walk from a bidding war recently & I think it'll take me a while to get over how frenzied it was. I certainly won't be bidding again any time soon! The house was amazing but I'd give a laymans estimate of having to put a minimum of 150k into it to make it what we wanted. I was told last week a friend of a friend had been quoted nearly 220k to renovate it!

We were at 550k & while it still wasn't at its inflated asking price, my husband just asked if I actually wanted to pay that much for a house in that condition &, as much as I adored it, my heart said no. Couldn't justify that spend & even though it will always be the one that got away, I can't see us regretting our decision.

People seem desperate & I can't be a part of this current market so we'll bow out for a few months. The truth is that not one of us on this forum know what way the property market will pan out over the next couple of years. Personally, if the right house comes up when this current frenzy calms, we'll be buying. The value of our home doesn't matter to us as we'll never be moving again.

My uneducated opinion on the market is that it will drop, but not by some of the crazy percentages floating around here! 10 to 15% I'd guess but it will take some time for it to happen. I'm a buyer with no chain so its in my interest for the market to bottom out but I can't see it happening. But again, none of us know.
If you're in no rush then absolutely sit back but keep an eye. That is my attitude. I'm lucky to be in a position that I can buy a home and am very conscious of that especially at the moment.

However, if the right house comes up within my budget, I am firm believer in that it's never the 'exact tight time' to do anything and I'm not waiting around because there is 'talk' of a crash. Like you say, I don't think it'll ever fall to the lows some are predicting. Getting the right home is my priority rather than saving a few bob.
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20-09-2020, 23:04   #5352
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Not that strict actually. We love Blackrock too. I fully accept that we'll have to compromise on some aspects but there are some things that I really want & will hold out for. I think most people do the same but I'm open to correction.


You would be crazy to pay that much for those houses, they are horrible looking. would build a lovely home for half that price.
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21-09-2020, 00:41   #5353
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You would be crazy to pay that much for those houses, they are horrible looking. would build a lovely home for half that price.
Are you referring the new Terraced 5 bed Glenvagh homes for sale at?

We live close to that development really think they could have a tough time sellling those units. Now they have a beautiful view and access to the gardens and marina when it’s all done but the fact is their terraced with such small back garden at such premium prices it’s such an odd style of home.
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21-09-2020, 15:37   #5354
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You basically have to check online the houses that have sold on the same road, see through ads and Google maps which are most similar. You'll find some are better and some are worse. Put yours in the middle.

You also have to allow 20-40k that someone is going to have to hold back for refurbishing.

Then also consider if the property has any added value, size of garden, aspect, location in the road, expansion potential.
Or ring 3 EA and get free valuations
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21-09-2020, 15:39   #5355
Augeo
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You would be crazy to pay that much for those houses, they are horrible looking. would build a lovely home for half that price.
On a site where?
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