Looks like Property Prices are ACTUALLY on the way up.

Valetta

Cuddlesworth wrote: »

Come back to me when we don't have the worst mortgage arrears in Europe. There is a reason we don't have a functioning market at the moment.

But this actually contributes to rising prices.

Most of the people in arrears are also in negative equity and cannot sell their properties, which reduces the available supply to buyers.

Reduced supply = price rise.

Tombo2001

space_man wrote: »

i've been saying as much for the past 6 months.
people interested in buying need to act.

http://www.independent.ie/irish-news/regional-property-prices-rising-29319535.html

I love that bit.....

Property prices in Dublin bottomed out in October 2011. I've been following the market very closely, trying to buy and I can tell you that that is when prices were lowest.

Birroc

Valetta wrote: »

Answered above.

You selling?

Valetta

Birroc wrote: »

You selling?

Nope.

But I've been keeping an eye out around me and houses are going "Sale Agreed" much quicker than last year, and I know of two that have sold above the asking price.

These are just indicators, and not every area will be the same, but I am in south central Dublin and prices are definitely on the up.

jimgoose

About time. Bloody good, bloody good.

gurramok

Valetta wrote: »

These are just indicators, and not every area will be the same, but I am in south central Dublin and prices are definitely on the up.

Which area, D6?

Collapso.net, myhome tracker and Property Bee still showing that the majority of asking prices for houses(strip out apts) on the southside are reductions rather than increases.

space_man

Hownowcow wrote: »

What a strange logic you have.

I'll repeat what I said: "I hoped we'd seen the last of that. I'd like to see houses being bought as homes again rather than as investments."

I hoped we'd seen the last of that in respect of "a good time to invest" in houses. I never mentioned "stocks, shares or anything else". I am aware that many people made a lot of money on property. I am also aware that many people lost a lot of money on property.

My point was, and is, that I would like to see houses being bought as homes again rather than investments.

whether you like it or not people will continue to buy houses as investment and not just homes.
there's nothing illegal about making money. (or losing it ftm)

stevedublin

gurramok wrote: »

Which area, D6?

Collapso.net, myhome tracker and Property Bee still showing that the majority of asking prices for houses(strip out apts) on the southside are reductions rather than increases.

In fairness, its selling prices that matter rather than asking prices.

gurramok

stevedublin wrote: »

In fairness, its selling prices that matter rather than asking prices.

And yes, the PPR has not shown any increases since for Dublin.(last Daft report)

The asking price is a trend, there is no evidence from the sources that we have steady increases.

Hownowcow

space_man wrote: »

whether you like it or not people will continue to buy houses as investment ad not just homes.
there's nothing illegal about making money.

I am aware that what I like or do not like will have no affect whatsoever on other people's behaviour. I never said that there is anything illegal about making money.

Again, my point was, and is, that I would like to see houses being bought as homes ("and not just homes") again rather than investments.

space_man

Hownowcow wrote: »

I am aware that what I like or do not like will have no affect whatsoever on other people's behaviour. I never said that there is anything illegal about making money.

Again, my point was, and is, that I would like to see houses being bought as homes ("and not just homes") again rather than investments.

i agree what you would like to see is of absolutely no consequence.

Mr Benevolent

space_man wrote: »

i've been saying as much for the past 6 months.
people interested in buying need to act.

http://www.independent.ie/irish-news/regional-property-prices-rising-29319535.html

You're giving us Indo articles as proof of something? AHers aren't that credulous.

Edit: OP is a landlord with an obvious vested interest. Anybody who believes him or the Indo should check out his other posts on the topic.

Prices will go up in small pockets of highly desirable areas. Supply and demand etc.

However, the housing market as a whole is years away from recovery. Even then, it won't just take off when it recovers.

The way the media report these things is shameful tbh.

The Indo is a paper I would have bought in the past on occasion, on a Sunday or whatever.

These days, I'd have it in the same category as the Sun and the Daily Mail.

Utter garbage.

Hownowcow

space_man wrote: »

i agree what you would like to see is of absolutely no consequence.

I have just re-enacted the first three lines of the second post on this thread.

Thanks for that.

space_man

Hownowcow wrote: »

I have just re-enacted the first three lines of the second post on this thread.

Thanks for that.

sorry but i have no idea what you are talking about.

kraggy

SEPT 23 1989 wrote: »

We just keep turning that corner:rolleyes:

So much so we've turned full circle back to square one :P

RustyNut

space_man wrote: »

i've been saying as much for the past 6 months.
people interested in buying need to act.

http://www.independent.ie/irish-news/regional-property-prices-rising-29319535.html

RustyNut wrote: »

Just out of intrest OP how much have property prices actually gone up in the last 6 months that you have been saying as much ?

Hi Space Man.
You never answered my question. How much have property prices actually gone up in the six months that you have been saying as much?

tf19

Oh look !

Has the dead cat bounced yet again after being kicked around another corner ?

Will somebody please dispose of it.

washman3

space_man wrote: »

what's often forgotten is many people made plenty of money out of property.

ha,ha,ha. and they invested it in 'blue chip' bank shares..:D
actually what should never be forgotten is that an even bigger amount of people lost big time, but these were mainly the poor unfortunate souls that simply tried to put a roof over their heads.
have to say you're a brave man OP, but when i read some of your other posts i discovered the vested interest..:D
And also funny how the 'usual suspects' row in behind you.;)

Toby Take a Bow

It's like de-ja-vu in Boards again. I remember having a near identical discussion with a similar poster (very, very similar, but banned now) who quoted a Irish Independent article that suggested prices were on the up ( http://www.independent.ie/irish-news/rise-in-home-prices-sparks-hopes-of-recovery-28952310.html ).

We would need proper data to tell us how this 'rise' in property prices fits in with a year-on-year comparison, but the Independent won't do that, being a completed biased and interested party in the whole property market going back into bubble.

gctest50

space_man wrote: »

sorry but i have no idea what you are talking about.

"Daddy, what are pyrites ?" ..... " how do you spell subsidence"

Idbatterim

News alert! property prices are going to drop forever and the sky is going to cave in!!!

this blanket generalisation of prices are dropping, dropping and will drop forever is getting old. What areas are we talking about, what type of property etc etc etc. The bottom line is that where I live, the Dublin 14 area, property prices 12-18 months ago look like a steal now. The decent houses coming up, seem to sell very quickly. Waiting for the first "link or proof" request :rolleyes: Its simple bloody observation. Everyone bangs on about rationale and banks not lending, further budget cuts etc etc etc, I agree with all of it. But humans are not necessarily logic, look at the heard mentality, if so many of us were logic, why were we buying average houses in average areas for nearly a million during the boom? I dont own property by the way...

tf19

space_man wrote: »

i've been saying as much for the past 6 months.
people interested in buying need to act.

http://www.independent.ie/irish-news/regional-property-prices-rising-29319535.html

Earth calling Space Man . . . . Earth calling Space Man . . . .

What planet are you on now Space Man ?

What year does you control panel say Space Man . . . .

Were you in suspended animation / hypersleep . . . ?

Come in Space Man . . . . over

JD DABA

The British seem to be having a bit of a house shortage at the moment.

I wonder would that have any effect on sales here.

Ireland is not that far a move, EU member speaking the same language, with favorable pound>euro exchange rates and low house prices, no council tax. Equal quality of life ratings according to oecd. Probably family connections too in many cases.
All very familiar (drive on left, comparable legal and health systems), plenty of British ex pats and cheaper to buy.

marketty

JD DABA wrote: »

The British seem to be having a bit of a house shortage at the moment.

I wonder would that have any effect on sales here.

Ireland is not that far a move, EU member speaking the same language, with favorable pound>euro exchange rates and low house prices, no council tax. Equal quality of life ratings according to oecd. Probably family connections too in many cases.
All very familiar (drive on left, comparable legal and health systems), plenty of British ex pats and cheaper to buy.

Just the small matter of no jobs

JD DABA

marketty wrote: »

Just the small matter of no jobs

Retirees, professional transfers. Multinationals. Specialist positions. Investors. Holiday homes.
There are also some jobs.

marketty

JD DABA wrote: »

Retirees, professional transfers. Multinationals. Specialist positions. Investors. Holiday homes.
There are also some jobs.

I doubt it would be enough to make a significant difference really. Retirees may be buying in rural areas etc especially if they were emigrants from Ireland originally. It's true that British people are the largest group of non nationals in Ireland so depending on how you look at it I suppose you could consider them an influence on our property market

El_Dangeroso

copeyhagen wrote: »

people that believe that there is no market the last few years are living in the clouds.

we bought last year and every house we viewed had a lot of people viewing and making offers.

its deffo a buyers market but house prices are not gonna go down much more, if at all.

Ush1 wrote: »

Same here, bought at the end of last year and any houses that were priced decently were whipped up or at the very least under offer. Things are moving.

Things appear to be moving because supply is throttled in a BIG way. Someone on the accommodation and property forum did a quick calculation a while back on how many houses should have been repossessed (ie they would have been repossessed if in the UK). It totalled 16,000 houses.

I am looking myself at the moment and there is nothing but crap on the market. Mostly probate sales with the odd decent house thrown in that have descended into bidding wars (which I said good luck to).

Wait until the first wave of repossessions hits ye'll be kicking yourselves Although to be fair if you plan to stay in your current house for a decade negative equity is never likely to be an issue.

Cuddlesworth wrote: »

Come back to me when we don't have the worst mortgage arrears in Europe. There is a reason we don't have a functioning market at the moment.

Why isn't this getting more thanks? Best post in the thread IMO.

omahaid

Fianna Fail are riding high in the polls so this does not surprise me. By virtue of FF doing well I actually believe house prices are on the way up as it proves the Irish don't learn.

Boombastic

Essien wrote: »

I'm offering 110% mortgages, pm if interested.

If you're willing to accept my doctored payslips, put me down for four of them

Ush1

gurramok wrote: »

Ye bought last year to get the MIR.

Yep, and 'cause I wanted a house.

delthedriver

Looks like it was a quiet week in the Indo . Newsroom. Ok time to print some ****e about property prices on the increase. Probably helped sell a few more papers. I wouldn't believe the date printed on that rag.:D

space_man

delthedriver wrote: »

Looks like it was a quiet week in the Indo . Newsroom. Ok time to print some ****e about property prices on the increase. Probably helped sell a few more papers. I wouldn't believe the date printed on that rag.:D

in that case you wont be buying the Times, Examiner or listening to RTE Radio TV/Radio.
come to think of it you should avoid the CSO also.:D

RustyNut

I don't think the CSO figures back up your theory.

Toby Take a Bow

space_man wrote: »

in that case you wont be buying the Times, Examiner or listening to RTE Radio TV/Radio.
come to think of it you should avoid the CSO also.:D

Both the IT and the indo have a vested interest in a 'functioning' property market (see: bubble). I can't say regarding the Examiner and RTE, but I would be highly suspicious of any media outlet that publishes what the Indo published without seeing how it fits within a year-on-year comparison.

Also, Spaceman, you have an unanswered question from a previous poster that you have ignored twice:

RustyNut wrote: »

Hi Space Man.
You never answered my question. How much have property prices actually gone up in the six months that you have been saying as much?

I would also love to hear your reaction to this post (again, conveniently ignored):

Cuddlesworth wrote: »

Come back to me when we don't have the worst mortgage arrears in Europe. There is a reason we don't have a functioning market at the moment.

You may be interested in this thread which I referred to previously. You and Goodie2shoes sound like soul mates: you post about the same things, use nearly identical sentences and both have a similar ability to avoid answering any uncomfortable questions.

space_man

RustyNut wrote: »

I don't think the CSO figures back up your theory.

any what theory might that be?

RustyNut

RustyNut wrote: »

Just out of intrest OP how much have property prices actually gone up in the last 6 months that you have been saying as much ?

RustyNut wrote: »

Hi Space Man.
You never answered my question. How much have property prices actually gone up in the six months that you have been saying as much?

It would be good if you would answer my question.

space_man wrote: »

any what theory might that be?

This

space_man wrote: »

people interested in buying need to act.

space_man

what 'er 'theory' are you referring to?

RustyNut

space_man wrote: »

what 'er 'theory' are you referring to?

You first !

JoeyJJ

Bought Sept 2011 D18. I was happy with the deal I struck hence completing. Sale prices in the area are increasing however no real concern to me I won't be selling, 3 houses close to me on sale with the same agent for the same price interesting to see if they shift.

I see it as very localised increases for 3/4 bed semis in locations with good transport links. Whether it will remain is another thing.

space_man

RustyNut wrote: »

You first !

well to call it a theory is flattering but somewhat inaccurate.

my only contention is that prices in many areas have bottomed and in some cases are actually increasing, therefore imho it's a good time to buy in those areas (and has been for some time now) the previous (JoeyJJ) poster's experience would seem to back up what i've been saying.

JoeyJJ wrote: »

Bought Sept 2011 D18. I was happy with the deal I struck hence completing. Sale prices in the area are increasing however no real concern to me I won't be selling, 3 houses close to me on sale with the same agent for the same price interesting to see if they shift.

I see it as very localised increases for 3/4 bed semis in locations with good transport links. Whether it will remain is another thing.

i have been saying as much for many months, much to the annoyance of people on these forums, many of who react irrationally & illogically to such views. (in fairness the trauma of the bubble/bust as left many a little shaken).

that said i would not be advising people to buy a 1 bed flat in Longford.

RustyNut

space_man wrote: »

what 'er 'theory' are you referring to?

Well now that you have answered your own question,

space_man wrote: »

well to call it a theory is flattering but somewhat inaccurate.

my only contention is that prices in many areas have bottomed and in some cases are actually increasing, therefore imho it's a good time to buy in those areas (and has been for some time now) the previous (JoeyJJ) poster's experience would seem to back up what i've been saying.



i have been saying as much for many months, much to the annoyance of people on these forums, many of who react irrationally & illogically to such views. (in fairness the trauma of the bubble/bust as left many a little shaken).

that said i would not be advising people to buy a 1 bed flat in Longford.

any chance you could answer mine?

RustyNut wrote: »

Just out of intrest OP how much have property prices actually gone up in the last 6 months that you have been saying as much ?

space_man

RustyNut wrote: »

Well now that you have answered your own question,




any chance you could answer mine?

that depends on exactly what you are referring to and most importantly where.
as the previous poster just said many of the increases are very localised and for specific property types.
property in some parts of the country has fallen steadily. for instance i am currently looking to buy a bank repossession, and i very much intend to snap up a detached house on decent acreage for a fraction of what it would cost to build it. many current 'owners' have simply run out of money.

spockety

Has anybody mentioned the elephant in the room?

Most purchases appear to be all cash for the last year or more.

I presume you are all intelligent enough to work out the rest yourselves.....

Greentopia

space_man wrote: »

for instance i am currently looking to buy a bank repossession,

Profiting off the back of others misery, well done. You sound like a fine human being.

space_man wrote: »

and i very much intend to snap up a detached house on decent acreage for a fraction of what it would cost to build it. many current 'owners' have simply run out of money.

Because all the 'ballsy' men are getting into property now, isn't that right?

space_man

Greentopia wrote: »

Profiting off the back of others misery, well done. You sound like a fine human being.

it's called Capitalism. a concept you are familiar with perhaps?

Greentopia wrote: »

Because all the 'ballsy' men are getting into property now, isn't that right?

you'll have to ask my g/f about that.

Toby Take a Bow

space_man wrote: »

that depends on exactly what you are referring to and most importantly where.
as the previous poster just said many of the increases are very localised and for specific property types.
property in some parts of the country has fallen steadily. for instance i am currently looking to buy a bank repossession, and i very much intend to snap up a detached house on decent acreage for a fraction of what it would cost to build it. many current 'owners' have simply run out of money.

So the increases are localised and specific, which would make the title of your thread 'property prices on the increase!' a little bit misleading. A bit like the Indo article you quoted, so I suppose it's no surprise.

And as per usual you are failing to pick up on some interesting points mentioned previously: the high mortgage arrears percentage, the skewing of supply and demand by NAMA and the bias from some major players in the media.

wil

Idbatterim wrote: »

...heard mentality, .....

excellent observation - I'll be using that.

Guess it means if enough people believe what they hear, they will convince themselves to march over a cliff and demonstrate a dead lolcat bounce.

awec

On the subject of property I saw the other day that they are finally finishing those apartments in Sandyford that have been in an unfinished state for a few years.

Just what Sandyford needs, more apartments.