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About LinkBacksDid anyone read Ronan Lyons on the property pin justifying the fact that now is a good time to buy? The guy lacks gravitas. He really needs a few more grey hairs. Very very unedifying of the man justifying his views to a bunch of internet bloggers.
Did anyone read Ronan Lyons on the property pin justifying the fact that now is a good time to buy? The guy lacks gravitas. He really needs a few more grey hairs. Very very unedifying of the man justifying his views to a bunch of internet bloggers.
The index of Permanent TSB is accurate but is behind the curve as a paucity of data prevents timely pricing. Statistical methods have been developed to cope with paucity of data.Originally Posted by HanleyS
I think you may have missed the point. In most countries the price a house sold at is available at a click of the mouse. It does not suit the vested interests in Ireland to make the same data available here.
Most stats in Ireland are based on mortgage drawdowns/asking prices etc.
Last edited by b.a. baracus; 6th June 2009 at 11:00 PM.
falling prices is good for all the people who have never bought, it is also good for the people considering moving up the ladder. for those of us happy where we live it makes no difference and the fact that my mortgage is now 2.1% as opposed to the 5.35% I was paying, I am saving a fortune.
long may the drop continue.
It's no substitute for market transparency and a proper land registry database.
The future saviour of the Irish Economy:
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A friend of mine sold an apartment in Belfast for £110k last week. A female first time buyer bought it.
She got her mortage off Ulster bank. Now wait for this. She had to stick up 20%, her parents had to come in as 30% owners and they had to put up their main residence and a summer home as gaurantee on the Mortgage. The female in question is a 24 year doctor.
Fianna Fail Arrogance -
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Interestingly, the bottom end of the market has bottomed out. For asking prices, that is.
Look at the house prices for Dublin in the sub-€150K sphere. A very high proportion of dwellings in this group in Dublin are in Castlecurragh in Blanchardstown. These apartments were on sale about 6 months ago. They were among the first to drop to €150K, then to €125K and now they have put on the brakes. They're still for sale, but they have plateaued at 125. For whatever reason, this clutch of apartments are refusing to accept the total refusal of buyers to respond with the natural next step: further price reduction.
What the hell is going through these people's minds?
Do they really think that some eejit is going to saunter along and go "wow, a pad in the cheapest area in the entire urban periphery for only €125,000.00 , I'd better offer the full asking price for fear of losing this brilliant bargain!"
Has the last six months of absolutely no sales in the area not made an impression on these guys? Cut the price, cut your losses and get the hell outta Blanch!
When you see the words "Mises" or "Hayek" in someone's post, just ask yourself: do I really want to ban paper money and go back to gold?
You have to pity the kind of people who buy into conspiracy theories. I find the following to be the saddest words on the internet: "Re: connection between Bilderberg puppet lady gaga and viral outbreak in ukraine "
Why do you think there has been few major devlopers going bust here and no firesales of properties despite our property crash being one of worst ever in developed world.
FF and banks are protecting developers and keeping prices artifically higher than they shud be. Best thing that could happen is land and properties are sold at public auction with no reserve to establish true market prices for them.
A-f***ing-men to that.
When you see the words "Mises" or "Hayek" in someone's post, just ask yourself: do I really want to ban paper money and go back to gold?
You have to pity the kind of people who buy into conspiracy theories. I find the following to be the saddest words on the internet: "Re: connection between Bilderberg puppet lady gaga and viral outbreak in ukraine "
You need to split the Irish housing market in to 5 or 6 different models at this stage , and then concentrate on the one close`s to your interest.
City dwellings close to ammenities and near employment. Country housing and their locations etc, relative to the above and many more varies,
For instance over the long weekend, I was spinning around Youghal, Ladys bridge etc and the amount of new housing estates in small villages just boarded up. No-one, ever is going to live in them, even as social housing lists.
In Cork City huge tracks of the commercial streets have Sale or Rent signs and some of these are old buidings which are close to collapse, if they are left unoccupied. Also you have the new units lying empty.
Yet everything is lumped together into a single survey. What the auctioneers are afraid to admit, is that alot of Irelands empty properties will never be occupied.
i predict that the day of living in a rural village and commuting will be a thing of the past in a very short time, even as low as 5 years.
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