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solatic
Guest
Did they say 900k? That was a typo, they meant 850k. EA must be new to the game, etc etc.
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Open_Window
Guest
We should be tracking rental inventory as well as sales inventory, we need to see if there an inversely proportional relationship or propotional. Who had the inventory graph?? I have suggested as much at [broken link removed]
IS it see-saw, it iwll also track sentiment in the rental sector if supply reudces fast, we can guess people are goning back to renting as well as rental being pulled & redressed as sales. We need both to understand the dynamic and work out if there is a relationship and if some posters here are correct etc. etc.
IS it see-saw, it iwll also track sentiment in the rental sector if supply reudces fast, we can guess people are goning back to renting as well as rental being pulled & redressed as sales. We need both to understand the dynamic and work out if there is a relationship and if some posters here are correct etc. etc.
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miju
Guest
oh right , thats great for the seller , imagine that will dissapear from daft.ie soon enough so
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Neffa
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thewatcher
Guest
That's all well and good for you to say i take it your not a FTB.i'd go as far as to say you have a big fat house under your This post will be deleted if not edited to remove bad language worth a fortune.
Ftb are buying now because they have been sucked into the mantra of "getting on the ladder"
Who said it was the end of the line,you say "there is a bubble but we'll get over it. " But if the youth of today let the bubble burst then it will be over, no longer will todays workers let the older generation live off their sweat and toil.The price of a house will once again become a fair reflection of a proper day's work !.
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Debtwish
Guest
So you think that prices will be much higher in 20 years time? Perhaps nominally yes. But adjusted for inflation, average salaries and rents....?
You shouldn't get hung up on the nominal price. The point is people are now paying the equivalent of 50 years rent to own a property. Will this "seem insignificant" in 20 years time? I doubt it.
Im not quite bullish myself on irish property but over last two months rent prices has been moving up fast around D2 area. I know cause i was looking.
2 Months ago it was 1400 for 2 bed and maybe parking. Now its 1700 for two bed with parking.
Rents should be going the opposite way in a depressed market no??
Think London 1990......
2 Months ago it was 1400 for 2 bed and maybe parking. Now its 1700 for two bed with parking.
Rents should be going the opposite way in a depressed market no??
Think London 1990......
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Eirmail
Guest
This could be a temporary situation. It looks like more and more landlords are "trying" to sell there properties once the 12 month leases expire. This can be explained by the huge increase in properties for sale in Daft in the last few months. All of these properties that are on the for sale market have been temporily taken out of the rental market. So those few landlords who choose to rent can increase the rent they are looking for. I suspect that this will return to normal in a few months. A landlord who has a property that can't sell it after a few months might rent it out again and even if they do sell it , it might be sold to some buy to let investor which will result in it being back in the rental market.
sandymount
Registered User
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..and we have a new category - "Please ring for details"Comical or what!
Maybe no one turned up!!!!
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asdef
Guest
I was looking for a person to share an apartment in mid-September (Dublin 4, but close to town), and by anecdotal evidence (people who came to view), yes there were only a few affordable places available. However, one person claimed that many landlords had taken their apartment off the (rental) market during September, to rent out during the Ryder Cup, thus reducing availability. If this is true, then we could just be seeing the effects of this filter out - it should be clear by the start of next year whether it's a blip or something else.
if demand was weakening and sentiment was changing we would see tenants knocking prices off there rent as when everyone smells blood they go for it and want a slice of the action.
Especially in ireland...
Im bearish myself but rental price increase just doesnt add up...
Especially in ireland...
Im bearish myself but rental price increase just doesnt add up...
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Dipole
Guest
It's obvious ex-rental properties are appearing on the property web sites for sale. Just looking at the photos in the adverts shows it. A lot of these properties would have come out of lease in September and are now on the "For sale" market.
A prospective investor wouldn't be wise to jump in to the market on the basis of strengthening rental prices because it is clear that increases are temporary and will drop if the ex-rentals sell thru or their owners reconcile themselves with the fact that they will not sell quickly and rent them out to cover mortgage payments while trying to sell with a sitting tenant.
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Bedsit
Guest
I have a question with regards to the new NIB mortgage product. Looking at some of the previous posts it was suggested that not many people would be able to avail this product. So for example, if a person took out a 95 or 100% mortgage on a 400K property, how long would it take before they would be able bring it down into the 80% range to qualify for the NIB product.
The figure I am trying to get at here is how many years it would take on average to pay off 15-20% of the loan. I presume this includes the capital and interest payments.
The figure I am trying to get at here is how many years it would take on average to pay off 15-20% of the loan. I presume this includes the capital and interest payments.
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Debtwish
Guest
Of course it does. Rents are set by simple supply and demand. If landlords are selling portfolios then there is less supply in the rental market. The demand is still there though. But when the property market really rolls over and jobs are lost in the sector, demand will fall too, but that is some months away yet.
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phoenix_n
Guest
Originally Posted by phoenix_n http://www.askaboutmoney.com/showthread.php?p=285830#post285830
Could someone explain why this [broken link removed] would be worth 900,000 + stamp duty
So now its gone down to 850K. And there are some that still think there is going to be a soft landing.
Could someone explain why this [broken link removed] would be worth 900,000 + stamp duty
So now its gone down to 850K. And there are some that still think there is going to be a soft landing.
Yes comrade, and when the revolution comes we will all have free housing anyway.
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partisan
Guest
A landlord who bought a property 5 or 10 years ago can afford to cash out at well below the current market rate. Some of those properties will be bought as pprs, which will reduce the number of rentable properties on the market. House prices are falling (I've been house hunting recently - almost every house I've seen has been reduced), but I don't think that rents are going to fall any time soon in Dublin.
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Strictly speaking I've long been of the opinion that as the property market starts to slide, there will be a spike in rental costs - they will go up. But that may not last as property - particularly ex-investment property - fails to sell and owners are forced to rent it out to cover some of the mortgage at least. There will probably be a glut of rental property appearing in certain outer-rim estates after a while, driving rentals down again. Spike first though.
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thewatcher
Guest
Yes comrade, and when the revolution comes we will all have free housing anyway.
I don't think i ever said we should have free housing,but FTB's should realise that by "getting on the ladder" they are just getting involved in a giant pyramid scheme making everyone at the top richer.
What happens with every pyramid scheme when people stop coming in at the bottom ?
Only then will house prices return to sustainable levels.
The price of a house has shag all to do with a fair day's work. It is a reflection of what people are willing to pay for it. If FTB's are willing to spend €4000 a month for a property that they could rent for €1600 then more fool them.
BTW has anyone actually read all of the posts on this thread
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