Current public sentiment towards the housing market?

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SidTheDweeb said:
How much of the market is actually FTB's?
And how much are investors?
Would be interesting to see a breakdown!
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investors are close to 40% non first time buyers are around 30-40% and FTB's are no more than 30% of market and decreasing,they could be closer to 20% as i havent seen reliable figures for country as a whole only reports from estate agents and mortgage providers.
 
CelloPoint said:
Whatever about blaming a group or organisation after the event has occured, do you not agree that the media, by keeping silent, are neglecting on their responsibilities to a free democracy?
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I'd agree with the above but i suspect it's more to do with blame than anything else. I've been surprised by the willingness of some of the papers to test the waters in recent weeks with a few of the articles quoted earler in the thread about poor yield, increasing rates, 'smart money moving out of property' etc.

Granted it's small coverage compared to the usual tranch of 'all is rosy' articles but there's been a definate increased trend in bearish reporting.

None of the papers want to jump the gun with a full on "here comes the crash folks" unless it's blatently obvious it's already here since the 'gubbernent' will suggest that the media paniced the market into a downturn.

I feel of the various involved parties (construction, estate agents, revenue, media) everyone knows the end is in sight but no-one wants to be blamed for saying it first.
 
RE: media: Thank heavens for non-mainstream media outlets such as the AAM forum!

bearishbull said:
investors are close to 40% non first time buyers are around 30-40% and FTB's are no more than 30% of market and decreasing,they could be closer to 20% as i havent seen reliable figures for country as a whole only reports from estate agents and mortgage providers.
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Yeah, I'm also very skeptical of these figures that are being bandied about. Wasn't there a big song and dance there last week about 20% of all FTBs being immigrants? Where on God's earth did this figure come from? And if we can find the source, who is this person that declared such a figure?
 
Just picked this up from RTE business news ....."Intel, the world's leading computer chip maker which employs 99,000 people worldwide, could soon slash up to 20,000 jobs, a report from the US said today.
The layoffs could come as early as next week, when Intel has scheduled an internal announcement, The Wall Street Journal said, quoting analysts and former employees of the company."

Any impact in Leixlip would deal a major blow to confidence.
 
RiceCakes said:
Thats really really neat, pick a price point and zoom about finding areas you can live and afford, then click straight into the ad, really clever stuff!

Well done the lads in daft.ie!
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It wasn't exactly their own idea, but it's well implemented all the same. Zillow have been doing this for a while.
 
The Daft map is handy but would have to be used in conjunction with other avenues. I looked up Sandymount last night. Daft said it had 3 properties but only 2 were shown on map. Took a trip to Sandymount this morning and counted 10 for sale signs!!
 
whathome said:
Liteweight - what's happening to you???? That sounds almost bearish :D
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What can I tell you?? I'm having a bad day!:mad: Builders swarming all over the gaff and not one them good looking!!;)

I will say though that three of these houses went up late last week and already have Sale Agreed on them!!:D
 
liteweight said:
What can I tell you?? I'm having a bad day!:mad: Builders swarming all over the gaff and not one them good looking!!;)

I will say though that three of these houses went up late last week and already have Sale Agreed on them!!:D
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Ah - you haven't lost it :)

but you said ... "this morning and counted 10 for sale signs" :confused:
 
liteweight said:
Yes, I should qualify that by saying they weren't all in the village itself. Some are not on MyHome yet and only 2 are on Daft!
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So you saw 10 "for sale" signs on your trip this morning
...but 3 of them actually say "sale agreed" rather than "for sale"
...and you think that the sale agreed properties switched to "sale agreed" within a week of the "for sale" sign going up and may never have appeared on myhome or daft.

All very unusual! Looks like the vendors were VERY keen to get out quick. They didn't give their properties a chance on the market.

I wouldn't expect sale agreed properties to appear on the daft map anyway - it's likely to upset the sale-agreed purchaser.
 
whathome said:
So you saw 10 "for sale" signs on your trip this morning
...but 3 of them actually say "sale agreed" rather than "for sale"
...and you think that the sale agreed properties switched to "sale agreed" within a week of the "for sale" sign going up and may never appeared on myhome or daft.

All very unusual! Looks like the vendors were VERY keen to get out quick. They didn't give their properties a chance on the market.

I wouldn't expect sale agreed properties to appear on the daft map anyway - it's likely to upset the sale-agreed purchaser.
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It's not that unusual in Sandymount, Ballsbridge, particularly at the beginning of the season. Lots of properties seem to sell before Auction and not only this year!! I have to say if I was offered what I wanted without having to go through the hassle and expense.....I'd take the money and run. Most properties in the area, if they don't sell at Auction, sell immediately afterwards. Few are left languishing but then, these are such bad value that the price is laughable!! To date, even these have sold eventually.

I just happened to be looking at Daft Map and remembered a property close to mine which has a For Sale sign. Out of curiosity, I looked it up...it wasn't on Daft, nor MyHome, nor on the Agents web site!!! This calls the Agent, not the vendor, into question as far as I'm concerned and it's not the first time I've noticed it.

As for properties going Sale Agreed before it even appears on Daft or MyHome....yes it happens regularly. Each year at the beginning of the season, apart from the usual Estate Agent blurb....'we have people waiting to buy your house'...I get at least one or two letters posted through the door from private purchasers wishing to buy in the area. It's the area they want....not the particular house!
 
liteweight said:
As for properties going Sale Agreed before it even appears on Daft or MyHome....yes it happens regularly. Each year at the beginning of the season, apart from the usual Estate Agent blurb....'we have people waiting to buy your house'...I get at least one or two letters posted through the door from private purchasers wishing to buy in the area. It's the area they want....not the particular house!
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...but surely you wouldn't go to the trouble of making up a "sale agreed" sign to put outside your house if it was a private deal - unless you wanted to impress the neighbours!
 
daveirl said:
It wasn't exactly their own idea, but it's well implemented all the same. Zillow have been doing this for a while.
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I dunno, I have noticed that there are several properties that are addressed completely wrongly. I think they are leaving the placement of the icons for houses in the hands of the sellers; there was one spot located in the middle of Galway City, a site on Lough something or other, that in fact is halfway into Connemara. Also with all the development around Galway lately, the map is fairly out of date.

They should really do the placement themselves, and maybe do a deal with some of the GPS companies to get up to date maps. Actually that would be rather nifty, they could do an add on to the GPS software for live updates to property sales in the area, if you happen to be cruising by. Hmm...
 
whathome said:
...but surely you wouldn't go to the trouble of making up a "sale agreed" sign to put outside your house if it was a private deal - unless you wanted to impress the neighbours!
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:D Are you messing? The Sale Agreed signs are from legitimate Estate Agents!!:p Any private sales I've heard of have been through the grapevine!! Why would you be bothered trying to impress the neighbours if you're leaving anyway?? Anyway...why would you be bothered trying to impress the neighbours at all!:D
 
tententwenty said:
I dunno, I have noticed that there are several properties that are addressed completely wrongly. I think they are leaving the placement of the icons for houses in the hands of the sellers; there was one spot located in the middle of Galway City, a site on Lough something or other, that in fact is halfway into Connemara. Also with all the development around Galway lately, the map is fairly out of date.

They should really do the placement themselves, and maybe do a deal with some of the GPS companies to get up to date maps. Actually that would be rather nifty, they could do an add on to the GPS software for live updates to property sales in the area, if you happen to be cruising by. Hmm...
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Is this the Daft Map you're talking about??
 
liteweight said:
Anyway...why would you be bothered trying to impress the neighbours at all!:D
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To show off your artistic side through the ancient art of "sale agreed" sign making of course.

The old grapevine eh? I hear those Windmill apartments in Kilbarrack have trebled in price within the past four days :D
 
Not that kind of grapevine, talking to new neighbours about how they got the house. Actually one house changed hands twice in the last year. I insulted the new occupants by assuming they were renting!! Well what are you supposed to think if you don't see a For Sale sign??
 
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