Irish Property Market 2020 Part 2

Smiley11 · 19-09-2020 10:46pm

schmittel wrote: »

Wow. No knowledge of cork market but would have thought that was a healthy budget. I.e enough not to be in repeated bidding wars.

Was it like that summer 2019?

Its a very good budget but not enough at the moment for where we want to live. I honestly don't think it was this bad a year ago. Two other houses sold where we were bidding in the last year. One went for 10k under asking (same estate, house in great condition, poorer garden/view). The other sale hasn't completed yet but that house was on for 695k in fantastic condition & with FPP for another house in the far bigger garden!

I genuinely had to pinch myself at what the other bidders were willing to pay for a house with so much work to do to it. My husband wasn't as enthused as I was as PP for social housing has been granted for a site quite close but it wouldn't impact on that house theoretically.

Smiley11 · 19-09-2020 10:49pm

Hubertj wrote: »

Cork is a good town. I lived there part time for A few years when My wife went back to college. We discussed settling there before deciding to go back to Dublin. Lived in Blackrock while in cork. Nice area and only about 20 mins walk to city centre.

TheSheriff wrote: »

Blackrock is a lovely area, one of the more expensive parts of the city

Blackrock is our second choice of area. Absolutely beautiful but we can't get somewhere there within our budget either!

TheSheriff · 19-09-2020 10:54pm

Smiley11 wrote: »

Blackrock is our second choice of area. Absolutely beautiful but we can't get somewhere there within our budget either!

Where are you looking as your primary area out of interest?

I really thought you'd have your pick in Cork at that price range......

Smiley11 · 19-09-2020 10:57pm

Montenotte/St Lukes...hes finding it difficult to drag the norrie south of the river!

To explain..we're trading up. I'm from the area & our son has started school locally. I have a few rigid stipulations because its our last home but will make allowances for the right house. We just can't get one. We've only bid on one but any that we've enquired about were sale agreed or mid bidding war. Our last house was horrible (bachelor buy) but we made a profit & all I want is a lovely home & garden for our children. Its not so easy to come by one in Cork even in that price range though! I can only hope the chest thumpers are right.

The Belly · 19-09-2020 11:10pm

Smiley11 wrote: »

Montenotte/St Lukes...hes finding it difficult to drag the norrie south of the river!

To explain..we're trading up. I'm from the area & our son has started school locally. I have a few rigid stipulations because its our last home but will make allowances for the right house. We just can't get one. We've only bid on one but any that we've enquired about were sale agreed or mid bidding war. Our last house was horrible (bachelor buy) but we made a profit & all I want is a lovely home & garden for our children. Its not so easy to come by one in Cork even in that price range though! I can only hope the chest thumpers are right.

I know cork a bit maybe an old house and do it up hassle, yes but might work. Opens location options too.

Balluba · 19-09-2020 11:14pm

Smiley11 wrote: »

Montenotte/St Lukes...hes finding it difficult to drag the norrie south of the river!

To explain..we're trading up. I'm from the area & our son has started school locally. I have a few rigid stipulations because its our last home but will make allowances for the right house. We just can't get one. We've only bid on one but any that we've enquired about were sale agreed or mid bidding war. Our last house was horrible (bachelor buy) but we made a profit & all I want is a lovely home & garden for our children. Its not so easy to come by one in Cork even in that price range though! I can only hope the chest thumpers are right.

Smiley you are just one of thousands in Ireland at the moment who can not buy a forever home for the budget you have got

The Belly · 19-09-2020 11:19pm

Balluba wrote: »

Smiley you are just one of thousands in Ireland at the moment who can not buy a forever home for the budget you have got

The market is dysfunctional. Same as it always was. Plannings a disaster. Vested interests calling the shots. But time will pass and it will be fixed it just takes a government with balls to do it.

Smiley11 · 19-09-2020 11:23pm

Balluba wrote: »

Smiley you are just one of thousands in Ireland at the moment who can not buy a forever home for the budget you have got

Absolutely agree with you. I just can't comprehend how others think our competition is just going to evaporate imminently. We won't lose our jobs, & I'm extremely grateful for that, but there are a lot of people in the same position. The banks may or may not adjust what they'll lend but I can't see this current demand dissipate any time soon. Its a complete unknown really.

Bass Reeves · 19-09-2020 11:30pm

Pelezico wrote: »

The inflated stock market has created a lot of money. Wait for the collapse after November.

Then the falls will come hot and heavy.

First it was may then it was July, well maybe September now it is November. After that it will be January and as we go on it will be definately 2022.

neutral guy wrote: »

Yes,I was a stupid idiot and I bought couple sites before recession in 2008
I did not think recession will hit me because I had good job/life/ not much knowledge
When I lost my job and had pay bills I understood that not enough understand about recession coming
I need sometimes understand what I will do when I will have pay bills without having money for it
I was in bank in my country on those days.The guy was carrying his girlfriend/wife on hands from clerk room in bank.She was screaming and crying shouting I want our dream house back ! We dont have house anymore said that guy.
Then I started understand Never buy property when is too much buyers on market.

Towards the end of the last recession everybody was buying sites. I know of 50+ sites within 10 miles of me that people bought during the last recession that not only are there no houses on but also that it look like there may never be houses on.

Smiley11 wrote: »

Montenotte/St Lukes...hes finding it difficult to drag the norrie south of the river!

To explain..we're trading up. I'm from the area & our son has started school locally. I have a few rigid stipulations because its our last home but will make allowances for the right house. We just can't get one. We've only bid on one but any that we've enquired about were sale agreed or mid bidding war. Our last house was horrible (bachelor buy) but we made a profit & all I want is a lovely home & garden for our children. Its not so easy to come by one in Cork even in that price range though! I can only hope the chest thumpers are right.

The bracket you are in is the most likely where there may be a drop in the area you are in. The 500K+ bracket in houses that will require an upgraed in Cork are limited. However the lower price ranges in the 2-300K bracket in Cork like the 3-450K bracket in Dublin is harder to see any so called correction. Pent up demand and limited supply looks like holding the market steady

The Belly · 19-09-2020 11:33pm

Pent up demand and limited supply looks like holding the market steady

for now but if credit drys up that will stop the demand apart from cash buyers chasing a return and that depends on the taxing of rental income.

Balluba · 19-09-2020 11:40pm

Now that the EBS has put a cap on savings and other banks will surely follow suit
Will most of that cash be invested in property??

The Belly · 19-09-2020 11:42pm

Balluba wrote: »

Now that the EBS has put a cap on savings and other banks will surely follow suit
Will most of that cash be invested in property??

yes, credit unions did it ages ago. It will push money into the only thing that has any chance of making a return. It such bad planning but it will force money into the market. However it just a different form of taxation.

Pelezico · 20-09-2020 12:09am

Smiley11 wrote: »

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.

Could you not rent a place? Living with in laws must be tough..and you have all that money in the bank.

Cork must be a cheap place to rent.

bdmc5 · 20-09-2020 12:38am

Smiley11 wrote: »

Blackrock is our second choice of area. Absolutely beautiful but we can't get somewhere there within our budget either!

We bought in Blackrock 2 years ago and Glenvagh have just finished off the last phase of our estatn(they didn’t build our phase) They sold small 3 beds semi D for the same price as our 4 Beds and they sold out within 2 weeks which I couldn’t believe as the price for that sq ft is crazy.

There small homes in mature estates going for about 40k less than the new builds in Blackrock and need 100k plus to bring up to date minimum so there’s huge demand new builds and cheaper fixer uppers that quickly sell for over asking. Good luck in house hunting

bdmc5 · 20-09-2020 12:42am

Pelezico wrote: »

Could you not rent a place? Living with in laws must be tough..and you have all that money in the bank.

Cork must be a cheap place to rent.

Hard to believe you are serious here. Rents in cork are extremely expensive for nice to decent places , 2nd only to Dublin I’d imagine.

Smiley11 · 20-09-2020 12:43am

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 &#55357;&#56841;

The Belly · 20-09-2020 1:11am

Smiley11 wrote: »

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 accommodate 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 ��

stay put for now keep saving. It sounds like you have it good.Dish up a few pound to the parents when you can if they need it.

Smiley11 · 20-09-2020 1:27am

The Belly wrote: »

stay put for now keep saving. It sounds like you have it good.Dish up a few pound to the parents when you can if they need it.

We absolutely do. We'd never expect them to carry us & always pay our way & gift them anything we can. My in laws are very comfortable & my mother manages on her pension so appreciates us paying her bills & treating her. I can't reiterate how lucky we are but am just dumbfounded at some of the ridiculous spiel here. We're fortunate but we're not ultimately happy in our current position. Some might scoff but I genuinely never expected to be in such a good position financially...but we're still nomadic...the grass is always greener!

The Belly · 20-09-2020 1:33am

Smiley11 wrote: »

We absolutely do. We'd never expect them to carry us & always pay our way & gift them anything we can. My in laws are very comfortable & my mother manages on her pension so appreciates us paying her bills & treating her. I can't reiterate how lucky we are but am just dumbfounded at some of the ridiculous spiel here. We're fortunate but we're not ultimately happy in our current position. Some might scoff but I genuinely never expected to be in such a good position financially...but we're still nomadic...the grass is always greener!

Your doing great and with family too in hard times. Save the few pounds. The older generation did it and don't need much but nice to treat them when needed to take the pressure off. The time will come when the right place will come up and then move but for now stay put. See the winter out:)

Smiley11 · 20-09-2020 1:58am

The Belly wrote: »

Your doing great and with family too in hard times. Save the few pounds. The older generation did it and don't need much but nice to treat them when needed to take the pressure off. The time will come when the right place will come up and then move but for now stay put. See the winter out:)

Ten years ago I was broke. I had a tracker mortgage & was paying rent as I was working shifts a good hour from Cork City. I took out the tracker in 08 to help my mother out & now shes helping me. I've had some seriously hard times & never imagined I'd be in the position I am now. My husband is incredible & works his a$s off for us He laughs about the time I had to ask him for €5 to buy my lunch but I still cringe at how penniless I was & couldn't tell him that it was for the fuel to get to work until I got paid at midnight. It was grim. My point is that I've been penniless. I didn't come from money but I work hard. My husband is my rock & works a hell of a lot harder. I have no illusions about property or entitlements. To be honest, all I want is a decent south facing garden where I can sip my g&t's in relative peace

The Belly · 20-09-2020 2:02am

Smiley11 wrote: »

Ten years ago I was broke. I had a tracker mortgage & was paying rent as I was working shifts a good hour from Cork City. I took out the tracker in 08 to help my mother out & now shes helping me. I've had some seriously hard times & never imagined I'd be in the position I am now. My husband is incredible & works his a$s off for us He laughs about the time I had to ask him for €5 to buy my lunch but I still cringe at how penniless I was & couldn't tell him that it was for the fuel to get to work until I got paid at midnight. It was grim. My point is that I've been penniless. I didn't come from money but I work hard. My husband is my rock & works a hell of a lot harder. I have no illusions about property or entitlements. To be honest, all I want is a decent south facing garden where I can sip my g&t's in relative peace

Saves on heat too:) And can have a decent garden without moss:) Its a bit all up in the air now but its head down time and keep putting the few shillings away. You have a good fella too. Lets see how the winter pans out but dont rush even though everyone wants a place to call home.

Thespoofer · 20-09-2020 3:16am

neutral guy wrote: »

I had very good life during the last recession
I hope I will have better during this one using experience from previous one
But I am afraid that this time could be something different.

Neutral guy I have to say I do enjoy your posts.

There was a guy similar to yourself on the David McWilliams site who was a regular contributor to the comments section ( Mcwilliams closed that section now which is a pity ) and alot of the other commenters put him down as a bit of a crank/conspiracy theorist just because they didn't agree with him.

I actually took some of his advice on a few things and glad today I listened.

But getting back to yourself, did I read in an earlier one of your posts ( I'm not going to go searching back ) that you got burnt a little in the last recession ? Or am I mistaken ? Above you say you had a good life during it, what did you do exactly ?
Thank you.

The Belly · 20-09-2020 3:20am

Thespoofer wrote: »

Neutral guy I have to say I do enjoy your posts.

There was a guy similar to yourself on the David McWilliams site who was a regular contributor to the comments section ( Mcwilliams closed that section now which is a pity ) and alot of the other commenters put him down as a bit of a crank/conspiracy theorist just because they didn't agree with him.

I actually took some of his advice on a few things and glad today I listened.

But getting back to yourself, did I read in an earlier one of your posts ( I'm not going to go searching back ) that you got burnt a little in the last recession ? Or am I mistaken ? Above you say you had a good life during it, what did you do exactly ?
Thank you.

Like all of us got burnt in the last downturn. Once bitten twice shy, And he or she is wide awake to this one.

combat14 · 20-09-2020 8:51am

Interesting to see what has only started to happen to London rents:

Landlords slash rents by up to 20% as tenants quit city centres in pandemic

https://www.theguardian.com/money/2020/sep/20/private-rents-plunge-covid-19-decimates-lettings-market-workplace-space-gardens

Thierry12 · 20-09-2020 9:02am

Thespoofer wrote: »

Neutral guy I have to say I do enjoy your posts.

There was a guy similar to yourself on the David McWilliams site who was a regular contributor to the comments section ( Mcwilliams closed that section now which is a pity ) and alot of the other commenters put him down as a bit of a crank/conspiracy theorist just because they didn't agree with him.

I actually took some of his advice on a few things and glad today I listened.

But getting back to yourself, did I read in an earlier one of your posts ( I'm not going to go searching back ) that you got burnt a little in the last recession ? Or am I mistaken ? Above you say you had a good life during it, what did you do exactly ?
Thank you.

Like his posts as well only because they are thought provoking

I don't think NG takes his own advice tbh

Alot of people don't

Assetbacked · 20-09-2020 9:13am

Leozord wrote: »

By my personal experience, this is not true

My company is hiring here in Dublin. We hired professionals/interns during the pandemic, without even face-to-face meeting. People are still joining on a weekly basis.

Job offers from linkedin recruiters haven't been impacted, to be honest I've received even more offers.

I'm not saying tech is flying and it is unbeatable, but it didn't get any major impact, at least within my social circle.

Are there any other SDEs here who could relate?

I was going off news articles for the tech jobs.

https://www.thejournal.ie/airbnb-job-losses-2-5113453-Jun2020/

https://www.consulting.us/news/4776/global-consulting-firm-accenture-is-firing-25000-employees

https://www.businesspost.ie/coronavirus/ida-ireland-contacts-multinationals-over-covid-19-job-losses-806a2f34

https://www.rte.ie/news/business/2020/0721/1154572-linkedin-to-cut-960-jobs-globally/

Balluba · 20-09-2020 10:04am

I enjoy Neutral Guy’s posts as well

Bubbaclaus · 20-09-2020 10:12am

Balluba wrote: »

I enjoy Neutral Guy’s posts as well

I enjoy them in the same way I slow down when passing the scene of a car accident.

seablue · 20-09-2020 11:45am

In my price range I dont see any price falls. This house had an offer at the asking price of 295k - before the first viewing:

https://www.myhome.ie/residential/brochure/32-loreto-crescent-rathfarnham-dublin-14/4374338

handlemaster · 20-09-2020 12:11pm

combat14 wrote: »

Interesting to see what has only started to happen to London rents:

Landlords slash rents by up to 20% as tenants quit city centres in pandemic

https://www.theguardian.com/money/2020/sep/20/private-rents-plunge-covid-19-decimates-lettings-market-workplace-space-gardens

Ireland hasn't had the knock on effect yet. To much free government money keeping the show on the road. This cannot last. We will be spending as much on the covid fall out as we did on the banking crisis.

Browney7 · 20-09-2020 12:31pm

seablue wrote: »

In my price range I dont see any price falls. This house had an offer at the asking price of 295k - before the first viewing:

https://www.myhome.ie/residential/brochure/32-loreto-crescent-rathfarnham-dublin-14/4374338

Considering numbers 34 and 38 sold for over 370k in the past few years (no idea of condition of these properties), it will go for more than 295k and the bidder at that price knows this.

Smouse156 · 20-09-2020 12:35pm

Smiley11 wrote: »

It is.

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

Smouse156 · 20-09-2020 12:46pm

Smiley11 wrote: »

Blackrock is our second choice of area. Absolutely beautiful but we can't get somewhere there within our budget either!

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.

smurgen · 20-09-2020 12:54pm

Really weird. Alot more houses after coming onto Cork daft the last week. Prices seem more reasonable too.

20-09-2020 1:08pm

Smouse156 wrote: »

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

Smouse156 wrote: »

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.

Pelezico · 20-09-2020 1:22pm

Smiley11 wrote: »

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.

Smiley11 wrote: »

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.

Smiley11 · 20-09-2020 1:43pm

Smouse156 wrote: »

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.

Smiley11 · 20-09-2020 1:53pm

Augeo wrote: »

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.

Balluba · 20-09-2020 2:06pm

Smiley11 wrote: »

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

Pelezico · 20-09-2020 2:16pm

Balluba wrote: »

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.

Leozord · 20-09-2020 2:48pm

Assetbacked wrote: »

I was going off news articles for the tech jobs.

https://www.thejournal.ie/airbnb-job-losses-2-5113453-Jun2020/

https://www.consulting.us/news/4776/global-consulting-firm-accenture-is-firing-25000-employees

https://www.businesspost.ie/coronavirus/ida-ireland-contacts-multinationals-over-covid-19-job-losses-806a2f34

https://www.rte.ie/news/business/2020/0721/1154572-linkedin-to-cut-960-jobs-globally/

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

20-09-2020 6:24pm

Smiley11 wrote: »

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.

dor843088 · 20-09-2020 8:31pm

Smiley your talking out of your rear end

Pink11 · 20-09-2020 8:37pm

Smiley11 wrote: »

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.

Danny552 · 20-09-2020 11:04pm

Smiley11 wrote: »

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.

bdmc5 · 21-09-2020 12:41am

Danny552 wrote: »

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.

brisan · 21-09-2020 3:37pm

beauf wrote: »

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

21-09-2020 3:39pm

Danny552 wrote: »

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?

Pelezico · 21-09-2020 4:27pm

brisan wrote: »

Or ring 3 EA and get free valuations

You have to add 30k if your curtains are nicer than your neighbor's.

MacronvFrugals · 21-09-2020 5:30pm

New B&A poll has Sinn Fein at 50% among 18-34s

FF/FG/GP on 38% all together.

https://twitter.com/politiceir/status/1307700795845103617?s=21

Irish Property Market 2020 Part 2

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