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would the value of a property normally only increase when it physically exists?
Unregistered said:I bought an apartment 12 months ago from the plans. They still haven't been completed (but they should have some show apartments ready in the next month or two) and some are still available for sale but they are still selling for the same amount as they were 12 months ago.
Is that a sign of a "bad investment" or would the value of a property normally only increase when it physically exists?
Unregistered said:Why would you expect someone to pay more for it than you did?
ah but sure isnt that why people are buying these days? dont be paddy last on the great irish property pyramid..
Unregistered said:Is that a sign of a "bad investment" or would the value of a property normally only increase when it physically exists?
U can only be sure if they sell (at all) for that price. As I can see house prices are coming down specially these off plans, u should b careful.Unregistered said:I bought an apartment 12 months ago from the plans. They still haven't been completed (but they should have some show apartments ready in the next month or two) and some are still available for sale but they are still selling for the same amount as they were 12 months ago.
Is that a sign of a "bad investment" or would the value of a property normally only increase when it physically exists?
Unregistered said:I'm afraid that smell you are catching in the wind is freshley brewed coffee my old son and if you prick up your ears you might just may be able to make out a fat bird clearing her throat.
Unregistered said:i'd be supprised if they are actually still the same, they have probably fallen but builder won;t admit.
A poorly timed investment, I'd have looked into the market at the market in more detail before buying off plan! If you can hold on to it for 12 years + you way make some money on it (wish I was kidding). If not, either cut your losses/try to negotiate a new purchase price.
Cheers Gabriel. Good to hear that. It's probably a good thing the profits are going down too: maybe now people will be able to move out of their ma's gaf at a half decent age (probably about 22, 23 I'd say?).Gabriel said:To the original poster...first of all, ignore the troll.
I wouldn't be overly concerned that prices haven't risen off plans like this. If the house/apartment is in a nice or developing area and it's appealing then the price should rise eventually. There is definitely evidence that price rises are slowing...the % points are getting smaller.
Unregistered said:People in this country will have to get used to the fact that property prices can go down as well as up. Yes property does go down occasionally, and yes they have gone down in Ireland in the past (most of the 80s). I'd be happy to supply the facts to anyone interested.
Van der Hoop said:Don't worry, when all the SSIA's are cashed in as deposits house prices shall rise agian..if only for a couple of years....
Unregistered said:people in this country have a genetic need to own their own home. for that reason, as long as we dont suffer a major population decline, the property market wont collapse. the worst that can happen is that prices stagnate and dont keep pace with inflation which although technically the same as a price drop is pyschologically different
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