House prices in Charlesland.

mikedragon32

Inch, your house may well be valued at €535k, but it's only when you sell it that you'll know its true value.

For those of us lucky enough to buy low and enjoy the increases, none of it means anything unless we're actually planning to sell and move on.

miju

quick question for you all here. why is someone who thinks house prices will / are currently falling automatically labelled a begrudger / doom monger by people (usually recent house buyers)

Hammiepeters

Well said Inch. MikeD, I suppose the true value would be evident in that you could not buy a house and the lifestyle Inch describes so well; anywhere else for €535 or €635 for that matter. Dublin is there if we want it for work or going out; but for the most part we have all we need around here.

Hammiepeters

miju wrote: »

quick question for you all here. why is someone who thinks house prices will / are currently falling automatically labelled a begrudger / doom monger by people (usually recent house buyers)

Because,miju, it so often comes with a range of negative views and prognosis on the economy, employment, environment, marinas,etc. The end is nigh viewpoint is one that has been mooted by some since the begining of the new Ireland. Our economy is far from stuffed yet and whilst the doom and gloomers are enjoying the momentary darkness. It's not doing anyone any good;predictably. The hypothecthical Garda and Nurse ( used to be Garda and teacher) are still renting except that their rent is going up and their confidence in the future is going down. You know and I know that what they need is a vibrant economy which provides them with wages so that they can save for a deposit on a house. They will want that house to be increasing in value when they buy and will not buy if it is going down in price by the month. And so the whole thing becomes something of a self fulfilling prophecy.

iguana

Hammiepeters wrote: »

Well said Inch. MikeD, I suppose the true value would be evident in that you could not buy a house and the lifestyle Inch describes so well; anywhere else for €535 or €635 for that matter. Dublin is there if we want it for work or going out; but for the most part we have all we need around here.

Are you serious? Two minutes of looking has shown up this and this. Both are bigger, cheaper houses, a similar distance from Dublin. Oh they don't have the cache of being Greystones, but many people don't agree that Charlesland does either.

And might I point out that the sea that everyone is so happy to live by happens to be one of the most polluted in the world and somewhere that many people would not be ok with letting their children swim in.

Eoin

Hammiepeters wrote: »

Want to make a comparison. What about Bray and which would you prefer?

What about Bray?

ian_m

iguana wrote: »

And might I point out that the sea that everyone is so happy to live by happens to be one of the most polluted in the world and somewhere that many people would not be ok with letting their children swim in.

Don't swim in it so. Its still a great place to live.

Hammiepeters

iguana wrote: »

Are you serious? Two minutes of looking has shown up this and this. Both are bigger, cheaper houses, a similar distance from Dublin. Oh they don't have the cache of being Greystones, but many people don't agree that Charlesland does either.

And might I point out that the sea that everyone is so happy to live by happens to be one of the most polluted in the world and somewhere that many people would not be ok with letting their children swim in.

Well;I rest my case. ''one of the most polluted seas in the world'' Greystones beach has a blue flag. But hey; what would they know? They need to phone you next time.
What was that place? Mornington. Meath? OK, I see the similarities now. Think I'll sell up now and move. Hope the residents association up there is packed with realists who now the true value of everything.

Hammiepeters

eoin_s wrote: »

What about Bray?

Sorry Eoin; lived there for three years. Don't like it much. My point was that Greystones is a similar distance from Dublin but IMHO is a much nicer place to live and socialise and far safer.

miju

Hammiepeters wrote: »

Because,miju, it so often comes with a range of negative views and prognosis on the economy, employment, environment, marinas,etc.

a downturn in the economy and houseprices is actually a good thing for this country , constant inflation in the general cost of living is not. you see there are a few ways of looking at a downturn. you can look at it as the end of the world (which it most certainly isn't) or you can look at it as an opportunity so that when the upswing comes around again you can do things more quitable and better

Hammiepeters wrote: »

The hypothecthical Garda and Nurse ( used to be Garda and teacher) are still renting except that their rent is going up and their confidence in the future is going down. You know and I know that what they need is a vibrant economy which provides them with wages so that they can save for a deposit on a house. They will want that house to be increasing in value when they buy and will not buy if it is going down in price by the month. And so the whole thing becomes something of a self fulfilling prophecy.

to be blunt , garda and nurses wages will be paid whether we have a vibrant economy or not. while garda and nurses cannot currently afford mortgages according to that recent reoprt what they "need" is not for their wages to rise to be able to afford a house. it is simply for prices to fall back in line with historical norms.

also, i'm pretty sure most people buy a house to live in and not as a commodity and dont give a damn whether the price rises or indeed falls that much either.

Eoin

iguana wrote: »

Are you serious? Two minutes of looking has shown up this and this. Both are bigger, cheaper houses, a similar distance from Dublin. Oh they don't have the cache of being Greystones, but many people don't agree that Charlesland does either.

And might I point out that the sea that everyone is so happy to live by happens to be one of the most polluted in the world and somewhere that many people would not be ok with letting their children swim in.

And in another shocker - houses in Ringsend are cheaper than houses on Ailesbury road, even though they are both D4.

iguana

Hammiepeters wrote: »

Well;I rest my case. ''one of the most polluted seas in the world'' Greystones beach has a blue flag. But hey; what would they know? They need to phone you next time.

www.american.edu/ted/SELLA.HTM wrote:

Nuclear waste from this facility had turned the Irish sea into one of the most radioactive bodies of water in the world.

http://en.wikipedia.org/wiki/Irish_Sea wrote:

The Irish Sea has been described as the most radioactively contaminated sea in the world with some “eight million litres of nuclear waste” discharged into it each day from Sellafield reprocessing plants, contaminating seawater, sediments and marine life.

http://www.ecobridge.org/content/n_wst.htm wrote:

Lobsters in the Irish Sea near a plutonium processing plant in England have been found to be contaminated with radiation. According to Greenpeace, the nuclear plant at Sellafield is discharging over 2 million gallons of radioactive effluent into the ocean each day. If lobsters are contaminated, aren't fish and ocean vegetation also contaminated? [1]

In a new conference (see December 13, 2002 Planet Ark story) UK Environment Minister Michael Meacher said that Britain might have to dump radioactive pollution stockpiled at its Sellafield nuclear reprocessing plant into the Irish Sea after 2006 as tanks storing the waste age and may become unsafe. He said the government was researching ways to store the waste permanently onland but if this was not successful, then the radioactive liquid technetium-99 kept in offshore tanks may be dumped in the sea. "If the tanks can't take it beyond 2006, then we might have to look at an alternative solution... to discharge (their contents) into the Irish Sea quickly," Meacher told a news conference.

http://news.bbc.co.uk/1/hi/england/1673422.stm wrote:

Mr Ahern told the BBC: "We believe having enormous amounts of nuclear waste treading its way up and down the Irish Sea is a fundamentally flawed policy and one we object to strongly."

But it's ok, it has blue flag.:cool:

iguana

eoin_s wrote: »

And in another shocker - houses in Ringsend are cheaper than houses on Ailesbury road, even though they are both D4.

Hammiepeters said that the quality of life on offer in Charlesland was not available cheaper anywhere else

Hammiepeters wrote:

I suppose the true value would be evident in that you could not buy a house and the lifestyle Inch describes so well; anywhere else for €535 or €635 for that matter.

All I did was show that he appears to be wrong.

Eoin

Wineman wrote: »

we can only live in hope...troll.

Let's not resort to that thanks, though I know it's tempting with all the flamebaiting and schadenfreude over the price drops.

DonJose

Came across the following property in Daft, if this isn't desperation then I don't know what is.

"THE LOWEST PRICED 2 BEDROOM HOUSE IN GREYSTONES!!
AMAZING OPPORTUNITY - QUICK SALE REQUIRED.
A HOUSE AT THE SAME PRICE AS AN APARTMENT!!
YOU CAN BE IN BEFORE CHRISTMAS.

UNBEATABLE VALUE – first viewing next Saturday 24/11 at 12:30.
Greystones is a super place to live – has everything you could want. Lots of Pubs and Restaurants, and just about everything on your doorstep – not to mention the M50, DART and excellent Bus service. And then there’s the sea…..

Wouldn’t it be nice to have all this, knowing that you got the best bargain in Charlesland as well. Check the Web. All 2 bed houses are between €380,000 and €405,000 – we offer you one for €365,00. This amazing value is yours if you’re loan approved and ready to go! Bargains don’t hang around!"

www.daft.ie/1243737

EnoughSaid

Hammiepeters - You seem to be a bit deluded and not quiet in touch with reality. Your viewpoint seems to be a bit blinkered you are just focussing on Charlesland, as if Charlesland is a special utopia that is not touched by the macro economic realities of the real world. When there is a downturn, it will be because of economic realities and not because of doom and gloom mongers and precious Charlesland will not be able to escape untouched, it will be just like anywhere else.

The facts of the situation at the moment are:

1) The worldwide asset (property) boom has been fueled by low interest rates
2) The low interest rates of the past five years are well beow the norm and will increase over time
3) The ECB has already increased rates by 2% over the past two years and thereby has reduced afforadibility. They may increase them further because the German economy is still expanding but the ECB are only waiting to see how the credit crunch plays out.
4) The credit crunch which has been caused by the American subprime lending has made banks more cautious about lending so 100% mortgages will not be as readily available and the multiples of income that banks are willing to lend on has dereased, thereby reducing affordability.
5) Ireland, in particular, is more prone to a downturn in construction than most other countries because a larger proportion of the country's GDP is tied in construction than any other developed nation.
6) You cannot expect salaries to continue to rise in order to keep pace with property price increases because this will make the whole economy uncompetitive when compared to other countries. If we tried to pass on higher salaries in our products we wouls lose all our export markets because they would be uncompetitive.
7) There are currently approx 70,000 house for sale in Ireland and about 300,000 empty houses/appartments.
8)As the ecomomy is currently so dependent upon the construction indusrty there is bound to be a downturn when builders reduce the numbers of houses that they are building - this will reduce employment, Polish builders stop renting in Ireland and either go back to Poland or just jump accross to London to help build for the Olympics.
9) The effect of 8 above will be that there will be more rental properties looking for tenants so some distressed buy to let investors will have to sell cheap thereby reducing property prices further.
10) The effect of 8 and 9 above will mean that there is less money circulating in the ecomomy which will be bad for everyone - including the Government because the tax take will reduce.

You just need to look at the facts, get a grip on reality and stop having delusions of grandeur about where you live.

SlinkyToo

Hilarious stuff posted over this weekend. Lots of people needing to get stuff off their chests.

The house for sale on Daft is a really good move and will no doubt generate a lot of interest. I am glad they followed my advice.

I think the person boasting about their house being worth 535k just shows how blinkered people continue to be over falling prices. What agent valued your house at that price? They need a kick in the reality centre.

As for the peeing contest that is 'my Dublin house is nicer than your Charlesland House', who cares!!!!????

Each to their own... 10 minutes walk to work is wonderful, equally the stroll myself and my wife took to Greystones and down along the beach and then up to watch the Community join together to see the Xmas lights turned on is wonderful too.

Hammiepeters

Most of your points there are complete conjecture. Budget next month will release details of stages of the National Development Plan and its implications for infrastructural construction. Interest rates may in fact stabilise for a while or even drop. Immigration has slowed, but ''Poles going home'' in droves is purely speculative. Again you resort to using words like deluded, blinkered ,etc to describe anyone who doesn't share your dismal outlook. I dont know how you get up in the morning. When Cowen finally deposes the current taoiseach, we will have an effective political leader running the country and there are good times ahead. The best is yet to come.

Hammiepeters

SlinkyToo wrote: »

Hilarious stuff posted over this weekend. Lots of people needing to get stuff off their chests.


Each to their own... 10 minutes walk to work is wonderful, equally the stroll myself and my wife took to Greystones and down along the beach

Well you look out for those radioactive lobsters next time. Haven't you seen The Hills have Eyes?

flight93

Again you resort to using words like deluded, blinkered ,etc to describe anyone who doesn't share your dismal outlook

Three words: Pot kettle black!

Hammiepeters even you have to admit that our economy although it is doing very well is not doing as well as it was.

House prices are still very high, but they have dipped a little.

The employment situation here is great, just not quite as good as it was.

These are facts. It is not doom and gloom. We are still doing very well. You seem to think that speaking the truth will make things worse!!!

This country is doing great, but that does not mean that the above statements are not true.

Try reading the papers and opening your eyes.

the1andonly1

EnoughSaid wrote: »

Hammiepeters - You seem to be a bit deluded and not quiet in touch with reality. Your viewpoint seems to be a bit blinkered you are just focussing on Charlesland, as if Charlesland is a special utopia that is not touched by the macro economic realities of the real world. When there is a downturn, it will be because of economic realities and not because of doom and gloom mongers and precious Charlesland will not be able to escape untouched, it will be just like anywhere else.

The facts of the situation at the moment are:

1) The worldwide asset (property) boom has been fueled by low interest rates
2) The low interest rates of the past five years are well beow the norm and will increase over time
3) The ECB has already increased rates by 2% over the past two years and thereby has reduced afforadibility. They may increase them further because the German economy is still expanding but the ECB are only waiting to see how the credit crunch plays out.
4) The credit crunch which has been caused by the American subprime lending has made banks more cautious about lending so 100% mortgages will not be as readily available and the multiples of income that banks are willing to lend on has dereased, thereby reducing affordability.
5) Ireland, in particular, is more prone to a downturn in construction than most other countries because a larger proportion of the country's GDP is tied in construction than any other developed nation.
6) You cannot expect salaries to continue to rise in order to keep pace with property price increases because this will make the whole economy uncompetitive when compared to other countries. If we tried to pass on higher salaries in our products we wouls lose all our export markets because they would be uncompetitive.
7) There are currently approx 70,000 house for sale in Ireland and about 300,000 empty houses/appartments.
8)As the ecomomy is currently so dependent upon the construction indusrty there is bound to be a downturn when builders reduce the numbers of houses that they are building - this will reduce employment, Polish builders stop renting in Ireland and either go back to Poland or just jump accross to London to help build for the Olympics.
9) The effect of 8 above will be that there will be more rental properties looking for tenants so some distressed buy to let investors will have to sell cheap thereby reducing property prices further.
10) The effect of 8 and 9 above will mean that there is less money circulating in the ecomomy which will be bad for everyone - including the Government because the tax take will reduce.

You just need to look at the facts, get a grip on reality and stop having delusions of grandeur about where you live.

very good post, great summary of current situation

hammiepeters wrote:

Most of your points there are complete conjecture. Budget next month will release details of stages of the National Development Plan and its implications for infrastructural construction. Interest rates may in fact stabilise for a while or even drop. Immigration has slowed, but ''Poles going home'' in droves is purely speculative. Again you resort to using words like deluded, blinkered ,etc to describe anyone who doesn't share your dismal outlook. I dont know how you get up in the morning. When Cowen finally deposes the current taoiseach, we will have an effective political leader running the country and there are good times ahead. The best is yet to come.

agh, the NDP will solve all our problems. It may well help the general economy, but how will it help house prices stabalise/increase? We have an oversupply of houses at the moment, and not enough demand to pick up that oversupply. Irelands fertility rate is about 1.87, less than that needed to sustain the present population into the future. So we will be dependant on immigration into the country to drive our house prices. Generally, migrants tend to work in less well paying jobs than the "home" population, and therfore are less inclined/able to buy property.

Hammiepeters

flight93 wrote: »

Three words: Pot kettle black!

Hammiepeters even you have to admit that our economy although it is doing very well is not doing as well as it was.

House prices are still very high, but they have dipped a little.

The employment situation here is great, just not quite as good as it was.

These are facts. It is not doom and gloom. We are still doing very well. You seem to think that speaking the truth will make things worse!!!

This country is doing great, but that does not mean that the above statements are not true.

Try reading the papers and opening your eyes.

Odd post. You begin by implying that I share your dismal outlook. I don't. Then a number of sentences which seem to contradict each other. And then you finish with an old favourite, The blinkered analogy.Which was the point you were answering in the first place. The Hills Have Eyes.

SlinkyToo

Hammie - I have seen the Hills have Eyes, it was filmed in Kilcoole wasnt it?

To the others - it certainly isnt doom and gloom. House prices are falling which means people can start to buy houses for realistic prices. Its only gloomy for those who bought houses to make a profit a few years on. And I ask you who would buy a house 2 years ago at the top of the price trend and think they would make a profit 2 years later!!!???

Oh Happy Days!

EnoughSaid

Another point that I forgot to include in my list above is the falling dollar. This affects Ireland in three ways:
1) Ireland is heavily dependent upon exports to the USA and the falling dollar will make our exports more expensive and less competitive (for an example of how this affects Ireland, look at Waterford Glass)
2) US companies will be less inclined to invest in Ireland because our cost base will be too high in comparison to other countries such as in Eastern Europe, the Far East and Mexico.
3) Some of the major US companies who are already in Ireland, whom Ireland is heavily dependent upon, may decide to pull out alltogether because the costs are now becoming too high. Some people may argue that as these companies are selling to Europe in Euros the value of their profit will increase too however, if these companies feel that they can get a cheaper cost base, say in Hungary or in Poland in local currencies, and sell their products into Euroland they may decide to move there.

I am not saying everthing is doom and gloom but I am just presenting the facts as they stand at present. All of these economic realities are going to affect the economy, the Governments tax take and house prices. By the way, where is the Govt going to get the money from for the NDP now the the tax Revenues from house sales have deterioted subtantially? Charlesland, however nice it may be to live in, will not be immune from the effects of an economic downturn.

iguana

SlinkyToo wrote: »

As for the peeing contest that is 'my Dublin house is nicer than your Charlesland House', who cares!!!!????

Each to their own... 10 minutes walk to work is wonderful, equally the stroll myself and my wife took to Greystones and down along the beach and then up to watch the Community join together to see the Xmas lights turned on is wonderful too.

I don't think anybody apart from Hammie, Inch and Maisy got into the whole where I live is nicer than where you live. They just really seem to take umbrage to anybody pointing out any flaws in the place where they live, most especially the fact that prices are coming down. Which if you really love where you live and plan on staying their forever I can't see why you'd care that much, especially if you bought a few years before the peak.

The fact is that unless you have an 8 figure budget you generally have to make compromises on where you live and different things are more important to different people. I wouldn't like to live in Greystones as it's too far from Dublin and the Sellafield issue would really bother me. On the otherhand I fully accept that plenty of people wouldn't like to live where I live, I often don't like to live where I live. London has many wonderful things but it's also a bit of a stink hole.

And the fact is that house prices have fallen probably by around 15% in the last 18 months and will continue to fall more over the next few years. The economy is also in for a bad few years as it has developed in an unsustainable manner. This isn't doom and gloom, it's just the way things are. Instead of calling it doom and gloom and slagging off people who are being honest about how they see the future, people should look at the facts and work out how best we as individuals and as a society can ride the storm and build a sustainable future when the dust settles.

SlinkyToo

This whole Sellafield thing makes me giggle. Saying you wouldnt live somewhere because of a facility that may or may not discharge radiation in a straight line to your town is like saying I wouldn't live in Kilpeddar because if the brakes fail on the 84 one night, it will crash into my house, even if its on the Donnybrook road.

Neither radiation or a runaway bus travels in a straightline.

Its a good job thousands of fishermen a year go to Newcastle beach instead of Greystones as the invisible barrier between the two saves them all those three eyed fishies.

woodser

House prices in Charlesland
Fact1 3 -bed end terrace peaked at 555k.Highest one any one got last february.3 bed end terrace sold last week by Dooley fetched 470k
drop of 85k from peak prices
Fact2 -Mid terrace 3 beds reached a peak of 545k Last one sold at this price nov06.One sold in july 07 at 505 and an offer of 460 will secure one now.
Fact3 Highest price achieved for 2 bed mid terrace house in Charlesland was 427k in nov06 A 2 bed is on market for 355k o.n.o. at moment a drop of 72k.

These are the facts work out the percentages for yourself. Charlesland has been hit worse than most areas because of the level of investment properties there and the level of off loading of these.

iguana

SlinkyToo wrote: »

This whole Sellafield thing makes me giggle.

I'm glad it makes you giggle. I'm sure you'd continue on giggling if you had to watch your two year old son die of leaukemia or had spent your late teens in and out of chemo. Well I know quite a lot of people living on the Irish eastern seaboard and Cumbria who have gone through that kind of thing and don't find it remotely funny.

Of course it might be coincidence but BNFL don't even deny that they pump 80 million litres of waste into the Irish Sea every day. And after a while a lot of coincidences start to look like a pattern, and I for one would have 0 peace of mind living in very close proximity to the Irish Sea, or letting my dogs or kids swim in it. In just the same way as I'd have no peace of mind if someone I cared for was a 40-a-day smoker.

If I was moving back to Ireland I'd quite like to live in Monkstown. It's a lovely village with decent transport (for Ireland) and it would be convenient to the two places my husband would be working. But I just couldn't feel comfortable living that close to the Irish Sea. Other people do and that's ok for them, but it is one of the most polluted seas on earth, that is just a fact.

ian_m

Im glad we don't all live our lives in a 'drone zone' such as the previous poster. And I'm glad i don't live my life on negativity. You can't live your life in fear.

I am confused as to the motives of some posters on this forum. And posting about a Nuclear facility in the UK in a thread specifically about Charlesland confuses me. Its rather dramatic to say the least.

There are alot of happy in Charlesland. Thats their opinion and some things can't be argued. House prices go up and down everywhere. Such is life and you get on with it.

Hammiepeters

There is a pattern there Ian. It's called negative outlook and it covers just about everything. Dont get too bogged down with them.