Depends how you describe crazy. No houses available to buy. However, borrow has been curtailed and that has slowed prices rising but most property in Dublin is very high in price.
Property post Covid
- Thread starter Comfy Old Boots
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Do you mind me asking whereabouts you are looking to buy and what sort of property (flat, house, detatched, semi, urban rural etc)?
Might have a largish house up for sale soon....
Might have a largish house up for sale soon....
I shall PM you that info.
Great to get so many opinions and replies. Was hoping for a few opinions from some of boys and girls living here in the republic, maybe someone who has an idea what might happen when the country reopens!
Great to get so many opinions and replies. Was hoping for a few opinions from some of boys and girls living here in the republic, maybe someone who has an idea what might happen when the country reopens!
We put our house on the market the week before lockdown - A good offer was made and accepted by the Friday
Well done. Best of luck with the move.
easy for him to say that. The horse has bolted. Did he predict what Covid would do? No one really knows..A black swan is what this was..
No I didn't. BUT i looked at the Irish one, which is where I live. Different country. Different laws, different housing market!
(RIP) Bin Ridin
Registered user
I think there are a huge number of variables and unknowns in the forthcoming economic situation... The risk of a no-deal Brexit seems to be back and that would hurt the Irish economy on top of the sore reckoning that will take place when the pandemic is overcome / dies away.
The numbers of people who are being hurt financially is high and the money to chase house prices up won't be there. Buyer's market.
The numbers of people who are being hurt financially is high and the money to chase house prices up won't be there. Buyer's market.
Reading through this I come across as a crass, entitled prat, wiping people’s noses in their misfortune. I’ve be working towards this for about 15 years. I am a lucky, I’m still working. I’m not gonna close the thread but feel my timing is bad.
I guess it could be better but always good advice on here. Thanks.
I guess it could be better but always good advice on here. Thanks.
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Not at all
A few of us have posted new bikes we’ve bought, others it’s cars, home improvements and a good many other things
Some have it a lot harder than others and we can and should be sympathetic to those who are in a worse place, usually through no fault of their own
But life goes on and I don’t think you need to excuse yourself for reaping the benefits of your hard work
Buyers market 4 short period. I have a rental to sell but deferred if 4 12 months. Longer if nescessary. One thing is certain it will not be sold at a loss. We do not have enough houses and that alone will ensure price stabilisation along with very low interest rates
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not at all. I don't have a wide circle of friends in this country, so I often like the advice that I get here. Fair do, there's a lot that don't get the reason for my question, or stick a f skew oar in, but sifting through the replies there are some valuable replies. It's a pity at time that the seriousness of discussions is hijacked by the more flippant for no use....
Careful now
Apart from your opening post and subsequent comments Owen, every post bar one from Lawrence, have been from UK residents.
Totally different market and culture in Ireland.
No one knows what will happen with prices, but demand is sky high.
It’s always difficult buying a home but my advice is, buy somewhere you like living in case the arse drops out of the market. Providing you can afford it.
Nobody has the right answer.
Apart from your opening post and subsequent comments Owen, every post bar one from Lawrence, have been from UK residents.
Totally different market and culture in Ireland.
No one knows what will happen with prices, but demand is sky high.
It’s always difficult buying a home but my advice is, buy somewhere you like living in case the arse drops out of the market. Providing you can afford it.
Nobody has the right answer.
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Something that applies in both UK & Ireland, should prices look to be dropping, then developers will simply stop building houses. There has been under supply in many areas on both sides of the Irish Sea with the build rate being less than demand, hence the continued price rises. If as a result of the slow build rate supply falls further behind demand then prices will recover and we go back on the same merry go round eventually.
If I had the funds available with a decent sized deposit and confidence I have a job in the foreseeable future then I would move now rather than continue to pay rent if the right property appeared on the market. When I was buying in 2014 in a buoyant area it was difficult to get a viewing on a property in a well liked area before it was sold. I decided to go up a rung on the ladder to increase my choice. You might find in the current situation if you are ready to go that you have a bit more time and choice to get the right fit. Perhaps look for an unoccupied property that a landlord is looking to sell as this makes things a lot less complicated in terms of actually being able to see it and completing the purchase. This is what I managed to find so it was a bit drab in buy to let magnolia and beige but had a garage, a garden and under 10 miles from my office.
If I had the funds available with a decent sized deposit and confidence I have a job in the foreseeable future then I would move now rather than continue to pay rent if the right property appeared on the market. When I was buying in 2014 in a buoyant area it was difficult to get a viewing on a property in a well liked area before it was sold. I decided to go up a rung on the ladder to increase my choice. You might find in the current situation if you are ready to go that you have a bit more time and choice to get the right fit. Perhaps look for an unoccupied property that a landlord is looking to sell as this makes things a lot less complicated in terms of actually being able to see it and completing the purchase. This is what I managed to find so it was a bit drab in buy to let magnolia and beige but had a garage, a garden and under 10 miles from my office.
JuanKing
Registered user
I have to agree with that and add that any advice from the Brit wankers is no advice at all, as the Brits are fucking obsessed about the price of their houses and will "talk up" the property market.
I have watched property prices in many parts of the word for the last 20 years and the Brit market is a bubble based on bullshit.....Bubbles eventually burst.
As for the Irish market......Fuck, it is a bastard moinefield to me, too many variables and no patterns to be had from my understanding, may as well go with your gut.
A nice property in south Dublin is a tough task but I would say a distressed market will suit you and you must be ready to STRIKE! It's a crazy world at the moment, world economies frozen yet the Tesla share price has more than doubled since March 17!
If you are serious you must invest the time and know your market inside out and watch it develop, not for the faint hearted and expect disappointment. Good luck.
For those less familiar with Dublin housing situation my son just rented a 1 room (yes, one room, not one bedroom) apartment or whatever you call it for €1600 per month in old Georgian Dublin (Baggott St). It's bananas!
If you plan on living in Dublin for the foreseeable and find a house you want and can afford it buy it. That said I expect the market to basically freeze with very little transactions until at least next year... we are all deer stuck in the headlights
If you are serious you must invest the time and know your market inside out and watch it develop, not for the faint hearted and expect disappointment. Good luck.
For those less familiar with Dublin housing situation my son just rented a 1 room (yes, one room, not one bedroom) apartment or whatever you call it for €1600 per month in old Georgian Dublin (Baggott St). It's bananas!
If you plan on living in Dublin for the foreseeable and find a house you want and can afford it buy it. That said I expect the market to basically freeze with very little transactions until at least next year... we are all deer stuck in the headlights
Thanks folks. For the record, I have NO problem with UK residents offering their tuppence worth. Whilst not the same markets, they are more similar than the french/irish market example and there are many similarities in how we do things. I just find it funny when websites that relate to UK property are suggested, in the Ireland Section to a member who lists his location as DUBLIN!
We want to buy. We are ready to buy (providing the bank does not stress test us again - we will pass) and know the area that we want to buy in. Just want the country to reopen. Funny old world.
We want to buy. We are ready to buy (providing the bank does not stress test us again - we will pass) and know the area that we want to buy in. Just want the country to reopen. Funny old world.
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