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50k + property in Dublin

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  • 19-10-2011 4:00pm
    #1
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭


    Just glancing through Daft etc its possible to get properties with asking prices in the 70's 80's. I wonder will any time soon bring the 50's 60's for the Dublin market.


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    #2
    the groutch
    Closed Accounts Posts: 16,096 ✭✭✭✭the groutch


    probably, but they'd only ever be 1 bed apartments in a concrete jungle, a kip of a house that needs another 20-30 grand of renovation, or in an area as rough as Southill in Limerick.


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    #3
    Ray Palmer
    Registered Users Posts: 8,394 ✭✭✭Ray Palmer


    Not really unless it is pretty much a shell and in a bad area.

    Dublin house prices will recover first. It is apparently already happening but I wouldn't trust it myself. More jobs in dublin mean more expensive


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    #4
    RATM
    Closed Accounts Posts: 3,591 ✭✭✭RATM


    handlemaster wrote: »
    Just glancing through Daft etc its possible to get properties with asking prices in the 70's 80's. I wonder will any time soon bring the 50's 60's for the Dublin market.

    If we believe most recent analysis and those places in the 70's now fall another 15-20% then they may well hit the low 60's or even overshoot that slightly, especially if the banks still aren't lending.

    It probably gets to a stage that those sitting on the fence are better off buying (provided they can get a mortgage) as waiting longer will save them less than 7-10% which is the grander scheme of owning the place for 20+ years isn't a major deal. But of course no-one will really know the optimum time to buy until it has passed and been proved by stats.

    This long awaited property price database might be a leveler to some extent and give the transparancy the market is craving. It might actually speed things up a bit. As would a foreign bank coming in to offer mortgages. But then all the NAMA empties counteract that as long as they are drip dripping on to the market so there are a lot of variables at play here.


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