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Who's buying all the Million Euro houses?

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    #32
    gaius c
    Registered Users Posts: 3,528 ✭✭✭gaius c


    Barely Hedged wrote: »
    I thought > 95% of the property pin threads were tongue in cheek, there's so many clueless and the world is going to end people on there

    Interesting which part of the post you chose to respond to.


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    #33
    Barely Hedged
    Closed Accounts Posts: 992 ✭✭✭Barely Hedged


    gaius c wrote: »
    Interesting which part of the post you chose to respond to.

    The part of your post where you're deducing some notion of a trend about the overall market from the a small part of the market. For obvious reasons, I didn't see the point


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    #34
    0gac3yjefb5sv7
    Closed Accounts Posts: 3,948 ✭✭✭0gac3yjefb5sv7


    Could anyone give me a rough estimate on an approximate monthly mortgage for say an apartment worth 250k...over say 20 year/25years? And the deposit amount.

    As you probably know I'm a first time buyer.


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    #35
    alastair
    Registered Users Posts: 19,309 ✭✭✭✭alastair


    gaius c wrote: »
    And you're ignoring my post which is that stock of them is increasing, i.e. they are being put up for sale faster than they are selling. Supply > demand in that segment.

    There's a tongue-in-cheek thread on the pin monitoring the glut of €1 million plus houses in Malahide that are not selling and will probably require price cuts to sell.

    We still end up at daily sales of €million+ houses. Stock of all kinds is currently increasing - that means little, as does the reality that the more expensive the property the longer it has generally taken to sell - either in or out of booms and slumps. You can't argue with the daily turnover of €million+ stock, even if they've taken longer to sell than more affordable properties.

    I wouldn't worry too much about the ramifications of Malahide - no-one in PropertyPin claims it as a bellweather for anything other than Malahide.


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    #36
    Barely Hedged
    Closed Accounts Posts: 992 ✭✭✭Barely Hedged


    Pheonix10 wrote: »
    Could anyone give me a rough estimate on an approximate monthly mortgage for say an apartment worth 250k...over say 20 year/25years? And the deposit amount.

    As you probably know I'm a first time buyer.

    Google mortgage calculator. UB have one as do all the UK banks


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    #37
    alastair
    Registered Users Posts: 19,309 ✭✭✭✭alastair


    Pheonix10 wrote: »
    Could anyone give me a rough estimate on an approximate monthly mortgage for say an apartment worth 250k...over say 20 year/25years? And the deposit amount.

    As you probably know I'm a first time buyer.

    Lots of mortgage calculators online: http://www.myhome.ie/calculators/mortgage

    Deposit is 20%, unless you're buying something less than €220,000 and are a FTB - in which case it's 10%.


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    #38
    Michael D Not Higgins
    Registered Users Posts: 7,223 ✭✭✭Michael D Not Higgins


    alastair wrote: »
    Lots of mortgage calculators online: http://www.myhome.ie/calculators/mortgage

    Deposit is 20%, unless you're buying something less than €220,000 and are a FTB - in which case it's 10%.

    Deposit is 10% up to 220 and 20% of the balance above 220.


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    #39
    connacht_man
    Banned (with Prison Access) Posts: 39 ✭connacht_man


    Barely Hedged wrote: »
    I thought > 95% of the property pin threads were tongue in cheek, there's so many clueless and the world is going to end people on there

    property pin is the mecca of permabear cranks


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    #40
    Eugene Norman
    Closed Accounts Posts: 5,191 ✭✭✭Eugene Norman


    GreeBo wrote: »
    15k in rent makes it pretty easy to save a wedge if you have been paying 30k in mortgage.

    A tax on labour how?
    Not benefiting productive workers how?

    Wages and salaries clearly ARE that good, thats why the market rate on the south side is that high.

    Except it probably isn't wages and salaries as barely hedged opined.

    The numbers are tiny. If we had a functioning market the 1,000+ buying these houses would be insignificant.


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