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Thread: Daft IPW Report #13 - 703 Drops

  1. #1
    Politics.ie Member Dreaded_Estate's Avatar
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    Daft IPW Report #13 - 703 Drops

    Fall off in the number of drops per day down to 88 per day in the last 8 days.

    http://www.irishpropertywatch.com/

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  2. #2
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    Dont forget www.property-bee.com

    a Firefox plugin that scans and saves all relevant price falls in your search area.

    It currently works on Daft.ie

    (You nearly forgot that one DE )
    "The power of accurate observation is commonly called cynicism by those who have not got it." GB Shaw

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    So is this a slowdown in house price decreases or are seller simply putting their homes on Daft.ie at more realistic prices now?

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    Quote Originally Posted by zachler
    So is this a slowdown in house price decreases or are seller simply putting their homes on Daft.ie at more realistic prices now?
    A bit of both, there is also the strange phenomenon of ‘for sale’ signs having ‘sale agreed’ plastered on them resulting in the sign coming down only to reappear several weeks later with the 'sale agreed' removed. Meanwhile the advertisement on the property site stayed up all along.

    A new ploy?
    'Hello. My name is Inigo Montoya. You killed my father. Prepare to die.'

    Inigo Montoya.

  5. #5
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    Quote Originally Posted by Leftfemme22
    A new ploy?
    I would doubt it. I'd find it hard to imagine any vendors agreeing to play games like that with their estate agents.

    I'd say those were real offers on the properties, but the deals simply fell thru due to the potential buyer being not being able to secure financing - it's appears to be quite common these days.

    One thing is very telling though. The fact that '88 drops per day' is greeted as a kind of recovery indicator shows just how much things have changed in 12 months.

  6. #6
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    Standard & Poor predict 6% fall in Irish property prices in 2008 and flat in 2009

    (Source: http://www.rte.ie/business/2008/0402/houses.html)

    Incidentally, it also expects GDP growth of 2.3% in 2008, and 2.9% in 2009. That 2009 figure, in particular, is lower than most forecasts.

  7. #7
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    Quote Originally Posted by zachler
    Standard & Poor predict 6% fall in Irish property prices in 2008 and flat in 2009

    (Source: http://www.rte.ie/business/2008/0402/houses.html)

    Incidentally, it also expects GDP growth of 2.3% in 2008, and 2.9% in 2009. That 2009 figure, in particular, is lower than most forecasts.
    Arent these the guys who rated 300 million worth CDO's from Credit Suisse Group at AAA grade only to see losses of about 125 million incurred?

    Whos their CEO - Nostradamus? Mystic Meg?

    Its not a 6% fall from 1995 levels is it? I could go with that.

    .
    "The power of accurate observation is commonly called cynicism by those who have not got it." GB Shaw

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