P
plaudit
Guest
How long can a builder sit on a half finished estate?
How long can a builder sit on a half finished estate?
The immigrants will arrive with no work available so they will have to leave again.
http://www.daft.ie/searchsale.daft?id=118303&search=1
How much would a des res like that rent for?
IMO the utility value of that property cannot be more than 95K. Usually I think of the bubble in purely macro economic terms rather than focussing on individual properties but out of interest can I invite you all to take a look at that property: What would you pay for it assuming prices were going to rise in line with inflation and interest was going to be say 1.5% in real terms, i.e. you are buying the house to live in with no potential for capital gain or loss.
Proximity to Lucan village usually commanded a premium. Now, with recent traffic problems, I think people are starting to avoid having to commute through the village. I've heard some residents in Laraghcon complain about an hours drive just to get through the village.I'd probably go 150K. Considering size and (most) importantly location.
Don't know where you are getting the 1% from. Looks a lot closer to 5% to me.
Don't know where you are getting the 1% from. Looks a lot closer to 5% to me.
Slightly off topic but... people will always need to buy, sell and rent properties, regardless of rising/falling house prices or high/low interest rates, and currently Daft is one of the best (if not the best site out there for this). I would say they would have no problem selling it, if they were foolish enough to want to in the first place....
Also I wonder if they will now try and offload the site to some mug especially after being featured in the Herald last night. Methinks its too late, but good luck to them if they can ...
Mullingar is also feeling the pinch,
3rd house from top, 100 Ardmore Hills reduced from €600,000
[broken link removed]
Now going for €550,000
http://www.daft.ie/searchsale.daft?id=140651&search=1http://www.daft.ie/searchsale.daft?id=140651&search=1http://www.daft.ie/searchsale.daft?id=140651&search=1
Another house in Mullingar
Was €325,000
Now €315,000 and still no takers.
http://www.daft.ie/116563
Factor in the Stamp Duty threshold here and that makes the price drop much greater than it looks.
Are we looking at the same thing? It's an unfurnished one-bed studio flat, not a classy apartment.
It's all relative I agree! Compared with a two bed ex-Corpo in West Dublin 'furnished' with Argos flat-packs, 'boasting' (!) a court-yard-style garden (translate - space for a rotary clothes-line) at an asking rent of Euro800 p.m. per person a spacious contemporary fully-tiled studio apartment with underfloor heating in the centre of Frankfurt for Euro 380 seems to me the better deal!........but I may be over-endowed by experience of life and standards in other countries.
I think that he was referring to a price reduction from that that was attained from a comparable property and not a drop in asking price.