What's to assume the market is going to come back at all, let alone to the dizzying heights of the gold old days... Look at the global property crisis, the huge losses incurred by the financial institutions making it harder for people to get mortgages (100%'s are now practically non-existent unless you're a professional or a civil servant), the figures for Irish economic growth being amended downwards by the government, wage increases to fall sharply next year, etc. etc.... Even the Taoiseach has agreed not to take his much deserved (cough) wage increases in light of new figures... What's to say this is all going to turn around in just a short few months, where's the light at the end of tunnel, what's going to drive this...
Figures show 10,000 apartments lying vacant in Dublin, houses don't instantly sell not matter what price the sellers dream up, highly desirable new schemes lie half empty, building is slowing quite quickly and no-one talks about property anymore... Either everyone has everything they want or things are changing.
My view is there is never going to be a crash, we work too hard to allow that to happen, but I do believe we're all going to be caught in a period of re-adjustment in the coming months / years... What came easily before may not in the future, a fact that hurts when you slog all hours to move on/up... The fact you're being offered 10% below might seem like a tough deal considering what you believe your property to be worth but against the economic backdrop you might be best to part with it as it could be the best you'll get for a while, maybe even the only offer...
Maybe it will all bounce back though but I see no sign or mention of what this miracle cure will be... Anyone any suggestions what's keeping Bertie out of buying more Canary Yellow suits...