Current public sentiment towards the housing market?

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Yes but it's still a scandalous price for what is essentially a one-bedroom apartment with courtyard!!! (the second bedroom is a "stroke" dining-area). In Northern France you could buy a stately 6-bedroomed villa in the Paris suburbs with a half-acre garden for less. That's a measure of the myopia
 
Love the descirption of 'bedroom 2/living room'.

That said, they are asking for 500,000 for a 500sq ft apartment in Mt St Annes.
 
I heard from a reliable source the other day that the boys in DAFT believe that their business is worth around 40 million and that they currently have a management team looking into selling the business. Lets hope they have not missed the boat otherwise it could be valued at a lot less.
 

Maybe they could give the IT a call, they have set a precedent of overpaying for a property related website
 
More evidence of falling house prices. i posted this awhile ago but cant find it well anyway it was on the market for 1.1m now 998K (this place was marketed heavily large pics and write up in local papers). I make that just under 9.3% fall in price.

[broken link removed]

Now supposidly these are the type of houses that are safe from major falls detached in mature safe estate short distance (walking no more than 15 mins to any of these places) from dart, busses schools and bray town itself. Basically it is one of the best located places in Bray and yet it still can fall in these days of soft landings.
 

I wouldn't have that anywhere in Bray would be immune to price drops. This phenomenon is occurring in many areas. What will be interesting is to see if it now sells after having its price dropped by ~10%
 
Dropping asking prices=bearish sentiment
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undersupply,

Welcome to AAM,

May I suggest that if you wish to participate in this or any other debate in AAM that you construct full sentences in English to commuincate your views?

thanks,

aj
 
I've been reading parts of this thread for a while. It seems to have become very unbalanced ... all the bears are out to play! I just wonder is there anyone looking for signs of price increases over the past few months, or is it that there have been none???

On the bullish side, the Heuston Square development sold out all the one bed (380k) and two beds (520k) within 3 days, and the 3 beds within about a week (at 630k). Parking is extra at 35k per space. [broken link removed]
 

I think I'm from a third side, I would expect most bears here are also from the third side...

The third side believe that current sentiment is turning negative and property prices peaked in April/May and will continue to fall for the foreseeable future.
 
Bootdog said:
I just wonder is there anyone looking for signs of price increases over the past few months, or is it that there have been none???
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The only occasions that I have I've seen prices increase over the past few months are where a property had been sale agreed but the buyer backed out. The vendor is loath to put it back on at the original price so increases it slightly. With the properties that I have noticed, the price usually drops again within a few weeks.


Bootdog said:
On the bullish side, the Heuston Square development sold out all the one bed (380k) and two beds (520k) within 3 days, and the 3 beds within about a week (at 630k). Parking is extra at 35k per space. [broken link removed]
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Yes - now watch the cancellation list. What seems to be happening on new builds is that people are happy to pay their booking deposit but reluctant to proceed with the purchase.
 
undersupply said:
These are large apartments, and at that price per square foot represent a drop in asking price for newbuilds, please contradict me if you think I am wrong.There is no stamp duty on these so I suspect that FTB'ers are taking these and not investors.
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Why is there no stamp duty on these apartments? As far as I was aware property over €317,501 had a rising scale of stamp duty, even for first time buyers.
 
Davy's are a stockbroker so have a vested interest in discouraging people away from property and towards equities just as EAs and the like have a vested interest in doing the opposite. Hardly objective whatever about the merits or otherwise of their actual arguments or analysis.
 

It probably should also be pointed out that they are a subsidiary of Bank of Ireland, a bank that has huge exposure to irish property
 
undersupply said:
These are large apartments, and at that price per square foot represent a drop in asking price for newbuilds, please contradict me if you think I am wrong.There is no stamp duty on these so I suspect that FTB'ers are taking these and not investors.
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Its difficult to get a good comparison, but Kilmainham Lane, 2 beds, 80 sqm €520k, [broken link removed]
... thats an increase in size for the same money.

also The Steps, Kilmainham, 3 bed 130 sqm €580k inc. parking [broken link removed]
... thats a decrease in size and an increase in price.

I couldn't get a current price on the Chocolate Factory in Kilmainham, but it would be useful to know for comparison purposes.

Opinions aside, are there any comparable developments that were priced higher than Heuston Square?

I also find it hard to believe that FTBs are snapping up properties at €630k+ ...
 
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I'm beginning to wonder if some EA are in any way facing up to the slowing in the market.

In an estate where I have a duplex there has been a 3 bed duplex for sale since May. It's approx 1400 sq feet & is on at €450K but the last time I checked it had no offers.

A different EA (one of the big ones) has put a 2 bed apartment in the same estate (approx 700 sq feet) up for sale for €425K. I have remailed the EA querying this & I'll be interested to hear their response!
 
ClubMan said:
Davy's are a stockbroker so have a vested interest in discouraging people away from property and towards equities
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According to Davy

 
I see that the soft landing recently enjoyed in the UK has given way to a renewed boom in housing and mortgage approvals.

http://business.timesonline.co.uk/article/0,,16849-2429345,00.html#cid=OTC-RSS&attr=Business

meanwhile the same article quotes a survey from Hometrack, released over the weekend which suggested:

"that prices recorded by estate agents had grown at their fastest annual rate for two years in October. The rise appears to have been fuelled by approvals for house purchase loans over the previous quarter, suggesting that price inflation will continue. Buyers appear to have taken little notice of the August rise in official interest rates to 4.75 per cent. Ahead of next week’s expected rise to 5 per cent, home loans are available from high street lenders at 4.8 per cent, fixed for two years, and 5.1 per cent, fixed for five years, well below standard borrowing rates."
 
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