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Thread: Dublin property prices falling by €4,500 a month

  1. #981
    Politics.ie Regular EvotingMachine0197's Avatar
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    RECI provide an inspection service through one of their registered members. You'll probably be fleeced though.

    Or you could get a RECI yourself with the following.

    Quote Originally Posted by www.reci.ie
    Qualifications for RECI Membership
    Contractors must possess

    Technical qualifications not less than those of an electrician.
    On-site responsibility for electrical installation work for not less than three years.
    Be engaged in the business of electrical contracting.
    Be in possession of public liability and employers liability insurance.
    Be in possession of equipment including test equipment and tools and a copy of the Wiring Rules.
    Under Review.
    Line 2.

  2. #982
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    Check this out - An interesting analysis of price drops on MyHome.ie

  3. #983
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    Coles, what’s your prediction on site prices over the coming year. Will the drop be inline with houses prices, will it trail or precede the house price trend, rural V’s city price etc

  4. #984
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    Quote Originally Posted by Cali Mist
    Coles, what’s your prediction on site prices over the coming year. Will the drop be inline with houses prices, will it trail or precede the house price trend, rural V’s city price etc
    I am a tad worried about this as well. There used to be sites in west offaly (where non rural people are allowed to build one off housing) for 40 - 60 k, but now all I can see is 90 + !

    I guess the way to go is to approach farmers in local pubs, or take out an ad in the farmers journal....

  5. #985
    Politics.ie Regular rockofcashel's Avatar
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    Best to just sit and wait.. I was speaking to a friend today, whose brother was building a 120 house development in Portlaoise.. 30 already finished and ready to move into.. the rest with permission ready to go..

    He hasn't/can't sell one so far
    1,197 people agree with me.. how many agree with you ?

  6. #986
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    Quote Originally Posted by rockofcashel
    Best to just sit and wait.. I was speaking to a friend today, whose brother was building a 120 house development in Portlaoise.. 30 already finished and ready to move into.. the rest with permission ready to go..

    He hasn't/can't sell one so far
    Old Trick used in UK Put a few sold notices on the first completed houses.
    Normally gets people interested. If these people still exist.

  7. #987
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    Quote Originally Posted by Cali Mist
    Coles, what’s your prediction on site prices over the coming year. Will the drop be inline with houses prices, will it trail or precede the house price trend, rural V’s city price etc
    Hi Cali Mist. Future site prices? This is a topic very close to my heart, and while I've given it a lot of thought, my opinion is as worthless as anyone elses.

    I suppose a good place to start examining this issue is to look back. Historically the site cost has equaled about 15% of the house price. Today, the site cost makes up more than 40% of the house price. So while someone like Freedomlover might suggest that house prices are set to treble to reinstate this ratio, I think it more likely that site prices will fall. Finfacts


    I suppose another way to look at it is that there is actually no such thing as a site - all there is, is land, and planning permission. An acre of land in Ireland should be no more valuable than an acre of land in France or Scotland (because of agricultural yield) but over the last ten years a massive 'potential' value has been added to the price because of the possibility of future housing. I think this 'potential' is very vulnerable at the moment, and more realistic prices might soon be seen in land prices. Your own eligibility for planning permission in a given area is something worth getting professional advice on.

    I've been watching a number of 'sites'/fields on the market in West Wicklow over the last year, and they aren't selling. There are of course lots of possible reasons that are site specific (road frontage/sight lines, drainage, etc), but I think the demand has evaporated (Rural Wicklow is so restrictive on eligibility that you could argue that a site has no value beyond agricultural prices whatsoever). Some very good sites have sold for relatively little money.

    So to sum up, I think site prices will fall at a rate faster than house prices.

  8. #988
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    You know the way people of a non-rural background are directled to live in "towns and villages" in many counties? Well how close to a ruralish town/village do you have to be, say in Kildare? Does it litterally have to be "in" the town, or would a mile be too far?

    Whole planning thing is a sham anyway to shaft us

  9. #989
    Politics.ie Regular EvotingMachine0197's Avatar
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    This rezoning lark is just another stealth tax. Artificially inflate the land price and take an inflated wodge of stamp duty.

    There is no practical reason for it except raising more taxes and keeping the landowners in the money. Republican Party me hole.

    Good planning does not require this process.
    If anything it is an unnecessary interference and corruption of good planning.
    Under Review.
    Line 2.

  10. #990
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    yeh but does anybody know the answer to the original question?

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