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Apartment prices northside Dublin

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  • 29-09-2011 9:39pm
    #1
    Blankety
    Registered Users Posts: 174 ✭✭


    Hi, seems that sites such as daft etc have asking prices that don't reflect reality probably due to a relatively stagnant market, real world what would a 2 bed apartment in Cabra or Phibsboro cost. Most are asking €150K plus for 2 bed in a decent area. Would €120K close any deals on a well finished unit?
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    #2
    clarsax
    Registered Users Posts: 38 ✭clarsax


    Does it have to be an apt? Seen a good few 2 bed cottages/houses for that price range


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    #3
    Blankety
    Registered Users Posts: 174 ✭✭Blankety


    clarsax wrote: »
    Does it have to be an apt? Seen a good few 2 bed cottages/houses for that price range
    Thinking about the future and sending the kids to college in Dublin, about 16 years away but thought an apartment would would be better and easier to rent. I see some apartments in the Bolton street area that are listed at €145K for a 2 bed, anyone have an idea of the rental yield in the area?


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    #4
    paul71
    Registered Users Posts: 3,251 ✭✭✭paul71


    Blankety wrote: »
    Thinking about the future and sending the kids to college in Dublin, about 16 years away but thought an apartment would would be better and easier to rent. I see some apartments in the Bolton street area that are listed at €145K for a 2 bed, anyone have an idea of the rental yield in the area?


    If it is 16 years before they go to college then don't buy now. There are still several thousand unsold appartments in Dublin being held by NAMA, at some stage these must come onto the market. Additionally, looking at rental yields now would be a false indicator as the landlords dole (rent allowance) will be tackled in the next 2 budgets.


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    #5
    Blankety
    Registered Users Posts: 174 ✭✭Blankety


    paul71 wrote: »
    If it is 16 years before they go to college then don't buy now. There are still several thousand unsold appartments in Dublin being held by NAMA, at some stage these must come onto the market. Additionally, looking at rental yields now would be a false indicator as the landlords dole (rent allowance) will be tackled in the next 2 budgets.

    Yeah, I suppose your right, at some stage buying property in Dublin will be a very good move, timing the bottom of the market is the key. Suppose if rent allowance gets nailed in the next few budgets then there will be additional downward pressure on property. Continue on saving in the meantime....


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