Advertise now or wait till 2008

angela59 said:
Hi Webtax,

I'd be willing to drop price again - have dropped it already by E35,000 and would be prepared to take another drop of E15,000 - below this price can't really go???
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Just wondering why can't you go below this price if you need to sell.
 
Hi Thomas22,

The reason is the bottom price is bricks and mortar price - this would be the cost of buying a site, building house, finishing it, landscaping. I don't think it would make sense to buy a plot of land, build a house, finish it and then sell it for less than what it cost to build?
 
The reason is the bottom price is bricks and mortar price - this would be the cost of buying a site, building house, finishing it, landscaping. I don't think it would make sense to buy a plot of land, build a house, finish it and then sell it for less than what it cost to build?

It would'nt make sense in a rising market, but in a falling market it may be the best wat to go.
 
I am not being smart but surely the price of sites is falling at the moment, all things being equal?

So a site "valued" at 250K 18 months ago is probably only worth €130K now (for arguments sake)
 
I would also like to point out that the cost of labour should be coming down in line with the falling demand, so instead of a blocklayer commanding €2 per block he may now need to settle for 0.8€ (Once again my figures are for guesstimates)
 
Good points Mr Keane; there's a lot of sense in your logic. It's surprising all the same to think that someone could build the exact same home this year for a lot less than it would have cost to build in the last few years.
 
Thats like saying when the price of crude oil goes down the price of petrol stays the same.

Would a derilect cottage on 1 acre be property or land?
 
the price of sites need not be directly related to land especially in rural areas as site if sold by farmers will be sold at a price that the farmer wants to attain or not at all unless needs insist otherwise
 
Where I live which is rural the price of land is not dropping, I don't think there is an over supply of land like there is houses, builders were building to their heart's content over the last couple of years - we now have an oversupply of houses because of a stagnating market due to interest rate increases and the stamp duty question mark earlier during the year. Until the backlog of houses clear people will reduce price or stay put for 4 to 5 years. To answer the question of a derelict house on 1 acre- this in my opinion would be a valuable acre because you are guaranteed planning permission because of the derelict house as opposed to buying 1 acre subject to planning.
 
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tipptop29 said:
the price of sites need not be directly related to land especially in rural areas as site if sold by farmers will be sold at a price that the farmer wants to attain or not at all unless needs insist otherwise
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Thats true to a point but in a lot of cases Farmers are going away and spending a good chunk of money on getting plans drawn up and getting planning. Having spent all of this money they will be anxious to sell their land and will have to accept whatever the market is offering.

As well as this lots of farmers must sell a site every now and then to suppliment their income.
 
Hi Mrkeane,

I thought the farmer sold the site or land subject to planning i.e. the purchaser applys for planning in his/her own name - is it not up to the purchaser to get the plans drawn up and submit for planning? Farmers do sell sites to help with income but I'd doubt if they'd sell sites too cheaply - visions of "the field" are coming to mind!
 
under new planning laws, its unusual for a farmer to get full planning fron jan this year. We have been looking for a site for 2 years, and have gone sale agreed at long last. Over the last 2 years prices of sites have gone up...
 
angela59 said:
Hi Mrkeane,

I thought the farmer sold the site or land subject to planning i.e. the purchaser applys for planning in his/her own name - is it not up to the purchaser to get the plans drawn up and submit for planning? Farmers do sell sites to help with income but I'd doubt if they'd sell sites too cheaply - visions of "the field" are coming to mind!
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It depends really, in some cases I have seen framers apply for planning in their own name to get around local planning restrictions. Often what happens for development land is that the landowner will go for planning and then sell it as a "ready to go" site, so whoever buys it knows they can start building striaght away. This could be anything from a scheme of only 2 or 3 individual houses or a development of hundreds of houses.
 
In my own neck of the woods, development land parcels & sites offered for sale in 2007 have consistently failed to reach the dizzy heights achieved for similar properties in 2006 and 2005. That would make me suspect that the price of this land is falling.

In this day and age it is a bit quaint to assume that the bulk of development land sales are by farmers.
 
correct ,most developement land sold today would not be farmer owned but sites for 1 off houses in rural areas i imagine still are for the most part
 
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