Sunshine26
Registered User
- Messages
- 13
These "queues" smell of PR stunt. Like the 7am queues to vote during the last referendum. Most people don't even notice fake news any more.
There were defintely ques outside the Portmarnock developement. I drove by on Saturday morning and was surprised to see a large line of cars queing up to go and look at the houses.
It must be clear to everyone, that Estate Agents/Auctioneers/Sellers are the real villains in this mess we call a property market. These people inflate every house price, always pushing higher. They jack up rents to levels that cannot be justified. The guiding force is always to increase their own business, and always to maximize their own profits. They use creative, and misleading marketing and sharp questionable advertising, and they promote a sense of urgency and scarcity that fuels the upward demand spiral. Supply and Demand economics in the Irish property industry is a fairy tale. Supply is deliberately, and institutionally manipulated and restricted, demand is artificially inflated, and price is pushed ever higher. Always too few properties, always higher prices, always more profit for the select few. Developers, Landlords, Investment Funds, Banks, Auctioneers, and those that facilitate them, always make gains, always benefit. The worker, homeowner, house buyer, renter, student, ordinary Joe Soap gets taken to the cleaners every time.
I don't expect that 1% stamp duty (up to €1m) would be a big factor when contemplating downsizing.Turnover of housing, older people down sizing, is restricted because of the stamp duty regime.
I don't expect that 1% stamp duty (up to €1m) would be a big factor when contemplating downsizing.
House hunters lined up yesterday in Baldoyle to view new accommodation at the Silverbanks development...
...The queue started forming in the early hours of yesterday morning as people desperately trying to get on the property ladder pulled out all the stops...
...A spokesperson for estate agent Savills told the Herald that the properties at the development were "on a first come, first served basis".
very interested in this thread. It this a direct result of the FTB grant? FTB's will only be interested in new builds going forward? Where does this leave the market for second hand homes then?
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