Current public sentiment towards the housing market?

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whathome said:
That's a hefty drop.

Prices for these ex-corpo houses in Drumcondra are falling also - they used to be very popular with the buy-to-let brigade.

Old Price €550,000


New Price €500,000
[broken link removed]
Click to expand...

Not surprised. Drumcondra has 80 properties for sale on myhome. Thats alot of stock and is why vendors are starting to reduce prices (stressed vendors) to try to put themselves on a buyers radar.
 
Here's another significant drop. I've always really liked Daneswell road in Glasnevin, lovely houses - great area.

Number 7 Danesfort road came to the market at €875,000, listing 009 - second from the bottom on this list:


and it was also listed in an Irish Times article here (2nd house):
[broken link removed]

Now it's reduced to €825,000:
[broken link removed]=
 

Know that street as i passed it recently. Made a mental note on the streetname as i liked the houses.

But even at 825 its still over-valued. Well more to the point.....people are not making the gains as before so that premium (house value is about 600) of 225K no longer is available.

Its become a reality that the longer you wait to buy the more money you will save. Better than any SSIA scheme.
 
Hi,

New to this site. Good arguments. The examples of falling prices are v interesting.
Is there any website or blog which collates all examples of falling house prices? It would be great to see a list of these.


btw. If you have not guessed, i'm one of those people praying for a crash and before some of you say it, yes I am bitter that I did not get in early, but regardless of motivation the simple fact is that the prices of houses now are effin rediculous
 
2nz said:
Hi,

New to this site. Good arguments. The examples of falling prices are v interesting.
Is there any website or blog which collates all examples of falling house prices? It would be great to see a list of these.
Click to expand...

This is it. Do some research on your area, google some individual houses and find from cache previous asking price.

Like a commune. Everyone chips in.

How did you come by this site ?
 
Hi Phoenix,

Stumbled onto it when googling for examples of falling prices. The property has me driven mad...it's like a mad hobby now - reading articles etc
 
We need a site or blog which only lists examples of falling prices and no comments. If there isn't one then I'll start a thread
 
2nz said:
We need a site or blog which only lists examples of falling prices and no comments. If there isn't one then I'll start a thread
Click to expand...

Don't start a thread - best to keep property market debate on this thread.
 
2nz said:
We need a site or blog which only lists examples of falling prices and no comments. If there isn't one then I'll start a thread
Click to expand...

Good idea, it can be difficult to find instances of price drops in this thread so a separate thread would be good. Don't think the Austin Hughes' and Ger Gilroys of this world will be happy with that
 
2nz said:
We need a site or blog which only lists examples of falling prices and no comments. If there isn't one then I'll start a thread
Click to expand...
Sounds like a really good idea. As it will createa singular plcation for tracking the downward fall in prices (if it continues/accelerates). I especially agree with the no comment point. Is there a way to stop comments on it?
 
Maybe create a thread titled "Property Dead Pool". People can put up posts from myhome.ie of houses for sale that they think will have a price drop.

Here is my bet, down to a 1 million before the end of the month, current asking price of 1.2 million

[broken link removed]
 
just wondered about the comparisons with other countries etc
whats the pric of an average house in the US compared with the average wage. Compare both with here and convert into one currency. I would do it but am on dial up and the stupid connection keeps going plus its only 18.9kps!!
 
whathome said:
Don't start a thread - best to keep property market debate on this thread.
Click to expand...

Agreed IMO better to keep the price drops here as they sustain this thread and provide evidence of what is being discussed. real examples are important to this debate.

Has anyone done an decent analysis of what will happen to tax receipts if say housing output drops to 50,000 and transactions fall to normal level. On a brief analysis of recent dept of finance figures it looked like either corp tax rate would have to go up to 18% plus or that income tax at top rate will have to go by 5%. This is before factoring in higher dole costs. It could be too scary an analysis.

This IMO could drive prices lower in year 2 / 3 of a downturn as taxes rise and govt is forced to cut costs and implement hiring freezes.
 
Last edited:
Ok, not too many replies to my suggestion. Perhaps ye are all offline. Anyhoo, this is a really strong and stable thread so maybe keeping the price drop details here would be best.
To that end, I propose that when posting examples of price drops that the user copies the current list adds their example - the idea being that we will have one large list of examples and can check on old examples, etc.

After a quick search of the thread I found the examples below. I have not checked all links.


Current List of House Price Drops

Example 1

Number 7 Danesfort road came to the market at €875,000, listing 009 - second from the bottom on this list:
http://66.102.9.104/search?q=cache:u...n&ct=clnk&cd=2
and it was also listed in an Irish Times article here (2nd house):
http://www.ireland.com/newspaper/pro...IEFSJULY6.html
Now it's reduced to €825,000:
http://www.myhome.ie/search/property...rch&searchlist=


Example 2
Terrace in phibs reduced from 630 to 525


Example 3
Laraghcon Lucan
Old price 790k (Previously reduced from 800k)
http://66.249.93.104/search?q=cache:...e&ct=clnk&cd=1
New price 770k
http://www4.myhome.ie/search/property.asp?id=285862


Example 4
interesting price drop in portobello from 850k to 740k
original cached - http://66.249.93.104/search?q=cache:...e&ct=clnk&cd=4
now - http://www.myhome.ie/search/property.asp?id=264189



Example 5
Original AP 800k
Reduced to 790k
http://www.myhome.ie/search/property.asp?id=286176
Can't find it in the cache but you can see the original amount of 800k furthur down the page. These guys are really sloppy and are probably charging 5-7.5K for the pleasure.



Example 6
Old Price €785,000
http://66.249.93.104/search?q=cache:...ct=c lnk&cd=1
New Price €745,000 : Reduced by €40,000
www.daft.ie/142630

Example 7
Old Price €720,000
http://66.249.93.104/search?q=cache:...n&ct=clnk&cd=5
New Price €690,000 : Reduced by €30,000
http://www.myhome.ie/search/property.asp?id=276511

Example 8
Old Price €650,000
http://66.102.9.104/search?q=cache:R...n&ct=clnk&cd=2
New Price €575,000 : Reduced by €75,000
http://www.myhome.ie/search/property.asp?id=277714


Example 9
Old price €400,000
http://209.85.129.104/search?q=cache...n&ct=clnk&cd=1
New price €390,000
www.daft.ie/118303


Example 10
3rd house from top, 100 Ardmore Hills reduced from €600,000
http://www.mcdonnellproperty.ie/html...nt.asp?docid=2
Now going for €550,000
http://www.daft.ie/searchsale.daft?id=140651&search=1


Example 11
Was €325,000
http://66.102.9.104/search?q=cache:b...ct=clnk&cd= 1
Now €315,000 and still no takers.
http://www.daft.ie/116563


Example 12
New price €360,000
http://www.myhome.ie/search/property...rch&searchlist=
75 Ferndale (2nd in the list) - Old price €370,000
http://209.85.129.104/search?q=cache...ct=clnk& cd=1



Example 13
24 Galtrim Grange, Malahide.
Asking price
800k
http://66.102.9.104/search?q=cache:F...e&ct=clnk&cd=1
Reduced to 730k
http://www4.myhome.ie/search/propert...ch&searchlist=



Example 14
http://64.233.161.104/search?q=cache...&ct=clnk&cd=17
4th and 5th in the list. Click through and you'll see the new prices:
€640k reduced to €630k
€880k reduced to €860k


Example 15
Old price €380,000 (cached July 13th)
http://72.14.205.104/search?q=cache:...n&ct=clnk&cd=3
New Price €365,000
www.daft.ie/11095


Example 16
This house for example (2nd in the list) started with an AMV of €3,000,000
http://72.14.221.104/search?q=cache:...n&ct=clnk&cd=1
and was subsequently reduced to €2,750,000 even before the auction, coming up on 26th Sep
http://www.myhome.ie/search/property...rch&searchlist=



Example 17
This house reduced by €1,000,000 ...
Any takers?
Was €8,500,000:
http://66.102.9.104/search?q=cache:f...n&ct=clnk&cd=6
Now only €7,500,000
http://www.myhome.ie/search/property...rch&searchlist=


Example 18
Reduced from 290K (cache) to 265K.


Example 19
Balivor in Dublin 18 was withdrawn from auction in May and then quoted €3.35M, now it's been reduced to €2.75M
http://www.myhome.ie/search/property...rch&searchlist=
Original SBpost article listing withdrawal in May:
http://72.14.221.104/search?q=cache:...n&ct=clnk&cd=1
 
Remix said:
It's possible to comment here:

Maybe she'll clarify her position - who knows ?

[broken link removed]
Click to expand...

As bearishbull said, the ECB's main concern is inflation, not growth. But I don't think she should be criticising the interest rate rise because the ECB should be free from political interference. The ECB don't try to tell the Government how to raise taxes.

She goes on to criticise speculators but if they are leveraged they are going to have to pay the extra interest, the same as a first time buyer.
 
JayDub said:
Good work
36 Beech Hill Drive, Donnybrook, Dublin 4
http://tinyurl.com/lgwvr
Old price - €785,000

New Price - €735,000 - Sale Agreed
[broken link removed]
Click to expand...


Good job JayDub.
Not to be a tight ass, but in future please copy the list below, add your example and repost.

Current List of House Price Drops

Example 1

Number 7 Danesfort road came to the market at €875,000, listing 009 - second from the bottom on this list:
http://66.102.9.104/search?q=cache:u...n&ct=clnk&cd=2
and it was also listed in an Irish Times article here (2nd house):
http://www.ireland.com/newspaper/pro...IEFSJULY6.html
Now it's reduced to €825,000:
http://www.myhome.ie/search/property...rch&searchlist=


Example 2
Terrace in phibs reduced from 630 to 525


Example 3
Laraghcon Lucan
Old price 790k (Previously reduced from 800k)
http://66.249.93.104/search?q=cache:...e&ct=clnk&cd=1
New price 770k
http://www4.myhome.ie/search/property.asp?id=285862


Example 4
interesting price drop in portobello from 850k to 740k
original cached - http://66.249.93.104/search?q=cache:...e&ct=clnk&cd=4
now - http://www.myhome.ie/search/property.asp?id=264189



Example 5
Original AP 800k
Reduced to 790k
http://www.myhome.ie/search/property.asp?id=286176
Can't find it in the cache but you can see the original amount of 800k furthur down the page. These guys are really sloppy and are probably charging 5-7.5K for the pleasure.



Example 6
Old Price €785,000
http://66.249.93.104/search?q=cache:...ct=c lnk&cd=1
New Price €745,000 : Reduced by €40,000
www.daft.ie/142630

Example 7
Old Price €720,000
http://66.249.93.104/search?q=cache:...n&ct=clnk&cd=5
New Price €690,000 : Reduced by €30,000
http://www.myhome.ie/search/property.asp?id=276511

Example 8
Old Price €650,000
http://66.102.9.104/search?q=cache:R...n&ct=clnk&cd=2
New Price €575,000 : Reduced by €75,000
http://www.myhome.ie/search/property.asp?id=277714


Example 9
Old price €400,000
http://209.85.129.104/search?q=cache...n&ct=clnk&cd=1
New price €390,000
www.daft.ie/118303


Example 10
3rd house from top, 100 Ardmore Hills reduced from €600,000
http://www.mcdonnellproperty.ie/html...nt.asp?docid=2
Now going for €550,000
http://www.daft.ie/searchsale.daft?id=140651&search=1


Example 11
Was €325,000
http://66.102.9.104/search?q=cache:b...ct=clnk&cd= 1
Now €315,000 and still no takers.
http://www.daft.ie/116563


Example 12
New price €360,000
http://www.myhome.ie/search/property...rch&searchlist=
75 Ferndale (2nd in the list) - Old price €370,000
http://209.85.129.104/search?q=cache...ct=clnk& cd=1



Example 13
24 Galtrim Grange, Malahide.
Asking price
800k
http://66.102.9.104/search?q=cache:F...e&ct=clnk&cd=1
Reduced to 730k
http://www4.myhome.ie/search/propert...ch&searchlist=



Example 14
http://64.233.161.104/search?q=cache...&ct=clnk&cd=17
4th and 5th in the list. Click through and you'll see the new prices:
€640k reduced to €630k
€880k reduced to €860k


Example 15
Old price €380,000 (cached July 13th)
http://72.14.205.104/search?q=cache:...n&ct=clnk&cd=3
New Price €365,000
www.daft.ie/11095


Example 16
This house for example (2nd in the list) started with an AMV of €3,000,000
http://72.14.221.104/search?q=cache:...n&ct=clnk&cd=1
and was subsequently reduced to €2,750,000 even before the auction, coming up on 26th Sep
http://www.myhome.ie/search/property...rch&searchlist=



Example 17
This house reduced by €1,000,000 ...
Any takers?
Was €8,500,000:
http://66.102.9.104/search?q=cache:f...n&ct=clnk&cd=6
Now only €7,500,000
http://www.myhome.ie/search/property...rch&searchlist=


Example 18
Reduced from 290K (cache) to 265K.


Example 19
Balivor in Dublin 18 was withdrawn from auction in May and then quoted €3.35M, now it's been reduced to €2.75M
http://www.myhome.ie/search/property...rch&searchlist=
Original SBpost article listing withdrawal in May:
http://72.14.221.104/search?q=cache:...n&ct=clnk&cd=1


Example 20
36 Beech Hill Drive, Donnybrook, Dublin 4
http://tinyurl.com/lgwvr
Old price - €785,000

New Price - €735,000 - Sale Agreed
[broken link removed]=
 
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