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Thread: IPW Report # 15 - 1,069 Price Drops

  1. #1
    Politics.ie Member Dreaded_Estate's Avatar
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    IPW Report # 15 - 1,069 Price Drops

    The number of drops per day reached a new high again this week and is now 153 drops per day.

    http://www.irishpropertywatch.com/

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    Re: IPW Report # 15 - 1,069 Price Drops

    Have the sales figures you've been covering been improving in the last few weeks? Have sales per week increased?
    Private profit for public gain!

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    Politics.ie Member Dreaded_Estate's Avatar
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    Re: IPW Report # 15 - 1,069 Price Drops

    Quote Originally Posted by Ard-Taoiseach
    Have the sales figures you've been covering been improving in the last few weeks? Have sales per week increased?

    They have improved slightly in the last 3 weeks.
    I'll be releasing a new report sometime this weekend

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    Re: IPW Report # 15 - 1,069 Price Drops

    heard on the news this morning that myhome.ie have reported that sales prices have fallen by 15% since the peak in 2006.
    Not being able to govern events, I govern myself. -Michel de Montaigne, essayist (1533-1592)

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    Re: IPW Report # 15 - 1,069 Price Drops

    i think that was the daft.ie figures man.

    last i heard some comentators think theres still a drop of 30% to come in our housing market so its not a surprise to see such a high level of drops. that said the fact sale is up, albeit marginally, shows theres still demand there. IF the price is right. looks like sellers just need to cop on to the state of the market now.

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    Re: IPW Report # 15 - 1,069 Price Drops

    I was talking to a senior bank person yesterday and he said that things are very very very bad. Expect the drops to continue till the end of this year, and maybe even further....

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    Re: IPW Report # 15 - 1,069 Price Drops

    Quote Originally Posted by digoutday
    I was talking to a senior bank person yesterday and he said that things are very very very bad. Expect the drops to continue till the end of this year, and maybe even further....
    Woohoo!
    Affordable home here I come!

  8. #8
    Politics.ie Regular Sligoboy's Avatar
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    Re: IPW Report # 15 - 1,069 Price Drops

    Quote Originally Posted by meriwether
    Quote Originally Posted by digoutday
    I was talking to a senior bank person yesterday and he said that things are very very very bad. Expect the drops to continue till the end of this year, and maybe even further....
    Woohoo!
    Affordable home here I come!

    DCC have announced they are not accepting any more applications for the AHS until December of this year.

    The claim they have been inundated with applicants and need the hiatus to process them and move them unto a more compact central database.

    Seeing as most if not all of the AH offered by DCC are in fact apartments and seeing as prices for apartments are in fact dropping rapidly and could in effect make the AHS scheme redundant. Why are they claiming they have been flooded with applicants?

    I smell a rat.
    Veni, vidi, arrivederci

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    Re: IPW Report # 15 - 1,069 Price Drops

    [quote=Dreaded_Estate]
    Quote Originally Posted by "Ard-Taoiseach":3nm6cbpi
    Have the sales figures you've been covering been improving in the last few weeks? Have sales per week increased?

    They have improved slightly in the last 3 weeks.
    I'll be releasing a new report sometime this weekend[/quote:3nm6cbpi]

    Please do, I'm interested in whether these price cuts are having the desired effect, ie, increasing sales. Do your figures include the price cuts of new developments, like at Barnwell Hansfield and at Capel Development's launches? \They generated good sales, so that could be contributing to the increase in sales.
    Private profit for public gain!

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    Re: IPW Report # 15 - 1,069 Price Drops

    Quote Originally Posted by digoutday
    I was talking to a senior bank person yesterday and he said that things are very very very bad. Expect the drops to continue till the end of this year, and maybe even further....
    As the price of oil and all related essentials goes UP, the price of property will continue to go DOWN. The same principle applies to the stock market. SNAFU, FUBAR
    The floggings will continue until morale improves

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