Current public sentiment towards the housing market?

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Example 21 added.


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]=


Example 21
Apartment 135 Bertram Court, Christchurch, Dublin 8
Old Price - €290,000 (01-10-06)


New price - €280,000
[broken link removed]=
 
Can we drop the repetition of price drops? We know it's happening, no need to keep posting the same list over and over.

If people want to compile a list, maybe they could do it on a different website?

Edit: How about setting up a blog that people can post listings as comments? Would that work?
 
No problem Whathome and Paddy. I guessed people would feel that way, hence my first suggestion, which Whathome disagreed with ;)

The list has been added to the new thread List of House Price Drops In Ireland.
That thread is hopefully only for additions to the list and no comments. People can comment on this thread.
 
whizzbang said:
I'd be in here but you said at the start that those who had not owned property could not be considered bears for some reason.

How about not buying because you are a bear rather than selling because you are a bear. I think there are quite a few in the "not buy" category.

/edit, perhaps it wasn't you who said it, but whoever started this "how many real bears?" sub thread did.
Click to expand...

i would rather not count "not buying" category, there could be multiple reasons for them to be not buying, like maybe they cant afford to, more importantly they dint buy last year, 2 years ago, 3 years ago, or 5 years ago, and they have been proven wrong so far, why would somebody listen to their opinion, they have been constantly wrong so far.
 
daveirl said:
I don't have a house and have no intention of buying, does that not make me a bear.
Click to expand...
yea maybe a bear who has been wrong so far, or someone who secretly or openly wishes for a crash so that he can buy, as i said before not counting opinions.
 
2nz said:
The list has been added to the new thread List of House Price Drops In Ireland.
Click to expand...

That thread will be shut down.

What about my suggestion to create a blog on a separate website? - blogger for example, I think Duplex uses that one.
 
plaudit said:
What about people like me who would consider a crash benificial before I choose to upgrade? No point in spending €200k now when it only be €150K next year. I am holding in anticipation of prices falling.
Click to expand...

and your existing property wont depreciate in price when 200k upgrade cost becomes 150k?

again, im counting investors reducing long holdings and owners selling and moving to rental properties.
 
edo said:
Well Im technically a property owner - have an apartment abroad - but since I returned to Dear Old Ireland at the turn of the millennium I 've chosen to rent - Do I qualify?

Later Folks

EDO
Click to expand...

yea but that was more than half a decade ago and prices are up approx 75% average since then.
 
Gwynston said:
Do I count as a bear for convincing my wife NOT to buy an investment property?
Does that make me a bear for bucking the trend?
Wonder if I could convince the wife to sell up now, make a handsome profit and go rent cheaply.... :D
Click to expand...

when you manage to do that please let us know :)
 
zac said:
Originally Posted by zac http://www.askaboutmoney.com/showthread.php?p=289135#post289135
so far we have discovered 4 real bears, who sold within 1 year period and now renting.

also 1 or 2 who sold in last couple of years for multiple reasons, including travel, going abroad etc etc and dint buy on their return, so i guess we can call them half real bears.

any more? there should be lot more here seeing peoples sentiment here in general.



ok here is an update, so far 6 real bears and two half bears...
and rest are either hiding or have nothing more to show apart from their opinions.
come on out of hundreds postings on this forum only 8 bears?

still waiting on more responses, from investors who are reducing their holdings, or owners moving to rental properties.
Click to expand...


update: on this forum we have 7 real bears and 2 half real bears who have something to show for their opinion..

they have either sold their residential property recently and now renting, or they have reduced their holdings recently, within a year or so.

i will update my count if i come across any more replies.
 
Example 22
Reduced by 1.6%
No. 10 in list was €435k on 15 July


Now €428k
[broken link removed]

Example 23
Reduced by 4.1%
8th in list was €365k on 3rd July
Now €350k
[broken link removed]

Example 26
Reduced by 2.9%
Was €695 on 25th May '06 (5th in list)


Now €675
[broken link removed]

Example 27
 Reduced by 9.1%
Was €780k (8th in list )


Now €710k
[broken link removed]

Example 28
Reduced by 6.4%
Was €395k (8th in list)


Now €370k
[broken link removed]

Example 29
Reduced by 4.6%
Was €550k (9th in list)


Now €525k
[broken link removed]

Example 30
Reduced by 6.7%
Was €300k (8th in list)


Now €280k sale agreed
[broken link removed]

Example 31
Reduced by 7.3%
Was €345k


Now €320k
[broken link removed]
 
bearishbull said:
A house on my road went on sale by private treaty this week and had an open viewing today. Only about 4 couples viewed it during the hour long session and the "poor" estate agent was standing idly at the front door waiting to greet the very few viewers. The same house sold by private treaty in early 05 and there were dozens of people viewing each evening that there was a viewing.
Click to expand...

But BB, what was the price it sold for in 05 vs the current advertised price? Maybe that explains the difference in the level of interest.

Roy
 
onekeano said:
But BB, what was the price it sold for in 05 vs the current advertised price? Maybe that explains the difference in the level of interest.

Roy
Click to expand...
Exactly. The prices have risen too high to generate interest despite the supposed shortage of 2nd hand houses in Dublin suburbs and a correction is now underway to restore equilibrium to the market.

Can people stop posting ASKING price drops, its annoying and we know house asking prices are dropping everywhere. When theres something more dramatic than 10% asking price drops feel free to post, but repitition of very similar reductions is boring and excessive.

Like this quote from Nick Leeson in todays SBP.

While the IMF and the Economist have warned about how long the property market can continue at this pace, the property bulls quickly dismiss the findings as not taking into account Ireland’s unique conditions.

They are also quick to point out that anyone who had taken this advice a year ago would have missed out on the capital appreciation since then. That is understandable but mortgages are taken out over far longer periods and this has to be taken into account.

http://tinyurl.co.uk/31g7
 
Page 2 of The Sunday Business Post big headline says Property Crash is unlikely - OECD, can't find the link. Apperently its more likely in France. Do the OECD know something we don't? Bearish semtiment elswhere in the paper though.
 
Longtime lurker on site, decided to dig up yet more stats!

Example 32
 Reduced by 5.9%
Was €340k on 7th July


Now €320k
[broken link removed]

Example 33
Reduced by 6%
Was €420k on 3rd July (2nd in list)


Now €395k
[broken link removed]

Example 34
Reduced by 11.7%
For the rich among us
Was €8.5m (4th in list)


Now €7.5m
[broken link removed]

Example 35
Reduced by 3.9%
Was €640k


Now €615k (Sale agreed)
[broken link removed]

Example 36
Reduced by 5.2%
Was €485k (2nd in list)


Now €460k (sale agreed)
[broken link removed]
 
I find the asking price drop stats interesting, I wish people who are not moderators would stop telling people what they can and cannot post on this thread.
 
I belive that the profits on newbuilds are excessive that they could drop 40% and still sell at a profit. when builders have to reduce staff they could keep on the greatful poles and reduce their wage bill and make even more profits. Im a bull for developers but on buying I believe in the greater fool principal
 
hmmm said:
I find the asking price drop stats interesting, I wish people who are not moderators would stop telling people what they can and cannot post on this thread.
Click to expand...
Im just echoing the other 2 people who said post them all on another thread/website. Its fine having the odd few with drops in asking price that tell us something new about market but a person above was trying to get one big long post going by people quoting the previous list and adding them all into a mega post. All the posts regarding asking price drops have been in region of less than 10% , if you wanna see loads of similar drops from all over the city/country you can look up properties on myhome and google all day. If someone was to post about new build properties in Dublin being reduced by developer i think that would say a lot more then a 6% drop in asking price. Im not telling anyone what they can and can not post just that i and numerous other feel its pointless and annoying when its repeated excessively and adds nothing new to the thread.
 
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