House prices falling faster than ever

[odie1kanobe]

PRAI - Home What's this; Scotch mist?

I am aware of the changes going forward BUT there is nothing which details the historical position. UK has it online and pretty much shows what every house sold for since 2000.

[Watcher1]

The soft landing is getting softier landingier.

The only good thing the Bert did for this country was deliver unto us the fodder upon which to belittle him.

Although I will admit, you are taking it a bit far.....but I like it anyway. Made me chuckle, cheers.

[Pauli]

The property boom has ended. Imagine with all that money invested into property over the years what would of happened if we invested in new start up companies instead... no vision in this country at all.

How right you are. Everything sacrificed on the altar of FDI, cheap credit and the God of property.

[Watcher1]

Apart from vested interests I can't understand why anyone would be surprised by this All the fundamentals here are awful and could get even worse if the rest of the world recovers anytime soon given the threat of this leading to the specter of increased inflation and interests rates which would cause total meltdown in this country.

PS - Not to mention the fact in Kildare at least theres still loads of overpriced rubbish on the market

Dont forget that there are many more due to join the dole qeues, and that's merely from the redundancies already announced. There are many more who have not yet been hit by that mail train.

We have a long way to go before the bottom.

[Watcher1]

The bottom of the property market has a very long way to go. The faster it gets there the better. Though the obsession with capital gains is the problem. If governments taxed capital gains on all homes and property as income then the property booms will end. But it will also mean that youngsters can buy a home move up the ladder as they save and prices will not move out of their range. It is also a generational tax on the young by the elderly, and property owners. With capital gains being seen to be a cheap easy way to fortunes then no one invested, no one saved, and no one created decent businesses. Rising property prices are also a tax on businesses. If you want to expand a business and the property values keep rising then you will look elsewhere, even abroad.

I assume you are not suggesting they tax profit on the sale principal private residences. If you did that I'd doubt anyone would move. Some fall out from that.

[mutley]

Don't know if you've seen this website before, but it's pretty good

Weekly Report

It curently gives a list of all houses that have reduced their prices on Daft and a couple of smaller websites along side sale agreed figures

[odie1kanobe]

Don't know if you've seen this website before, but it's pretty good

Weekly Report

It curently gives a list of all houses that have reduced their prices on Daft and a couple of smaller websites along side sale agreed figures

Good site but even though sale agreed it will show it at what last price advertised was rather than actual price. Trick is being able to look at the historic detail and surrounding area.

If you click on the property do you get history details ?

[mutley]

No the only history on it shows how long its been on the market and how many times its been reduced.

It's a handy tool though as it gives a reflection of whats happening in the market place at the moment

[odie1kanobe]

No the only history on it shows how long its been on the market and how many times its been reduced.

It's a handy tool though as it gives a reflection of whats happening in the market place at the moment

History
date event
19 May 2009

* Price changed: from 'Region €680,000' to 'Excess €575,000' [Found by n/a]

10 April 2009

* Brief Description changed: Exceptional 4/5 bed detached home with detached double garage with self contained studio apartment above, including en-suite and kitchenette, standing on c. 1.2 acres (including gated paddock) with paddock)with beautiful country views in all directions. The property is within easy walking distance of Inchybridge creamery & supermarket. 1 mile from Timoleague village and Clogagh lie just a few miles away, Clogagh, both with national schools. This impressive property was built in 2003 by t... Clonakilty 5 miles. Cork City and Airport 35 / 40 minutes drive. ... [Found by n/a]


Do you get the above detail on a house when you click the link that shows everything that has occured ?

[mutley]

No you only get a history of everything that happened since it it was first reduced.

There is an application called property bee that you can download, which is something similar so that when you click on a property ondaft etc, it records every change made on the property since it was first advertised