Current public sentiment towards the housing market?

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demoivre said:
That's by no means a certainty , I can think of several other reasons why the yield curve might be inverted.
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I wasnt saying thats my interpretation but what Duplex was hinting at. It may simply be investors are happy to buy dollar denominated bonds at low yields for reasons other than anticipated recession.
 
onekeano said:
As a matter of interest Power would you mind telling teh general lcoation. When I spoke to a couple of agents recently about selling a property they told me tehre were no investors out there. As an investor myself I can't understand the logic of buying with current yields.

Roy
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Same thing happened a few months ago to my friend who owned such a house in Finglas, his small 3 bed semi ex council near clearwater shopping centre sold to an investor for 425k, the rent is about a 1200 a month or less.
 
onekeano said:
BB - isn't Friday a very unusual day for a viewing (normally Wednesday evening and Sat afternoon). Perhaps it was a private viewing or by appointment?

Roy
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Todys thursday and it was open viewing, sherry fitgerald had a sign on street outside advertising this fact, the house is on mobhi road,maybe its just a slow start as house is only on market a few days.
 
power1 said:
Just cashed in on my house and am moving to France.
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May I ask; are you leaving Ireland becase of a work commitment or because you simply don't want to live in this country?

The renter of the semi-detached house next to us has just taken an option to buy their rental house for €360,000. I imagine they pay the same monthly rent as we do currently (same landlord, same house and is finished almost identically) of €800. According to the mortgage calculator at jeacle, they're going to be effectively paying twice as much for a lesser product (furnishings/refuse/insurance/etc aren't included in the deal).

I'm surprised the landlord hasn't offered us the same deal.
 
The first of the new supply of high-end properties has hit myhome over the past week or so. I noticed that many mid-high value houses that I would have expected to be auctioned have been placed by private treaty instead.

I think properties at the lower end of the market are still moving when priced well. I still haven't seen much evidence of price drops in the sub €317,500 category apart from the odd apartment or the 1 beds dropping by 10k in Adamstown.

Looks like the next ECB interest rate rise will be October 5th:
http://www.rte.ie/business/2006/0831/ecb.html
 
That's by no means a certainty , I can think of several other reasons why the yield curve might be inverted.

Would you mind sharing them with the less educated among us (like myself)
 
May I ask; are you leaving Ireland becase of a work commitment or because you simply don't want to live in this country?
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To be honest its a bit of both, I really like the way of life over there and I got a chance of a far better job in Geneva then I have here. I'll be able to buy a site and build a large 4 Bed Detached house on about 1000m2 of Land with a Pool in a really nice area about 25 miles from Geneva (with proper infrastructure for commuting) for around the €450K mark. Try do the same within a 25 mile radius of Dublin.
 
People on this thread have been accused of having a vested interest in the market moving one way or another. I don't believe that this thread has any impact on the market in general.

Could this be a desperate attempt to talk up a development?
http://www.askaboutmoney.com/showthread.php?t=35570

I wonder how much investor sentiment is affected by people hearing stories about profits with little of no work involved. Even if these stories dry up slightly it might affect sentiment IMO.
 
whathome said:
Could this be a desperate attempt to talk up a development?
http://www.askaboutmoney.com/showthread.php?t=35570
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That's hilarious!!:D
But these people who reckon they've made 100k before they've even gotten the keys are going to get a bit of a land when/if they try and actually sell them.
What about Stamp Duty costs and the chance that builders are going to be offering more and more sweeteners to offload their new phases?
Then again, anyone who answers their own post and thinks nobody will notice probably hasn't thought everything through properly!!
 
I just read the paper there, Daft have a press release going around about their new maps facility. Its really painting a very interesting picture, you can see around Galway that 3 and 4 bed houses, on the outskirts of the city (like Knocknacarra) €375,000 and up and up. Thats at least €50,000 more than houses in the same area earlier this year.

To actually see how geographically far from the city they are, in contrast to their prices, is more illuminating than reading the address. Mind you in some of the shadier areas closer to town, prices seem to be dropping a bit.
 
BigM said:
Then again, anyone who answers their own post and thinks nobody will notice probably hasn't thought everything through properly!!
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...and it's a bit sad that someone would think that posting their fantasy online would make it real.

probably a flipper getting worried!
 
Just had a look at Daft's new map facility. Anyone know why the majority of houses in Sandymount/Ballsbridge have been left off it. Thought Sherry Fitzgerald had joined? Saw a number of houses for sale today but they're not on the site!!
 
liteweight said:
Just had a look at Daft's new map facility. Anyone know why the majority of houses in Sandymount/Ballsbridge have been left off it. Thought Sherry Fitzgerald had joined? Saw a number of houses for sale today but they're not on the site!!
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I'm not sure if SherryFitz are using Daft yet - maybe they will in time if their contract from selling myhome allows them to. Quite a few EA's don't seem to use Daft. I really like it though - the two brothers that set it up are a breath of fresh air to Irish business.

Looks like they've taken inspiration from Whizzbang's www.pumps.ie :)
 
tententwenty said:
Its really painting a very interesting picture, you can see around Galway that 3 and 4 bed houses, on the outskirts of the city (like Knocknacarra) €375,000 and up and up. Thats at least €50,000 more than houses in the same area earlier this year.
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Actually the interesting thing about Galway is the amount of investors dumping out of their strongholds like and Doughiska. Have a look at the Advertiser, its scary stuff.

I'll wager now that the asking for Gleann Dara, currently €330-€340k will be more like €299k by christmas but these places are owned by long term investors who bought them in the mid 1990s for €100k or so and had a good run of rental for years. Now they can't rent them any more so they are selling out .
 
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