Property in greystones

manuals

Hi, looking for a bit of info on what I can expect from the greystones property market.

I'm looking to make the move to greystones from dublin next year, will be looking for a 4 bed house with a decent garden for in the region of 560k. Somewhere like applewood heights would be ideal!

The market in dublin has gone insane and although that's great news for selling buying here would be a nightmare. Though maybe the market is especially insane for first time buyers?!

Anyway just wondering if anyone can give me insight on wether or not we can expect to to experience the bidding wars etc that are going on in dublin?!

Thanks in advance!

Blandpebbles

manuals wrote: »

Hi, looking for a bit of info on what I can expect from the greystones property market.

I'm looking to make the move to greystones from dublin next year, will be looking for a 4 bed house with a decent garden for in the region of 560k. Somewhere like applewood heights would be ideal!

The market in dublin has gone insane and although that's great news for selling buying here would be a nightmare. Though maybe the market is especially insane for first time buyers?!

Anyway just wondering if anyone can give me insight on wether or not we can expect to to experience the bidding wars etc that are going on in dublin?!

Thanks in advance!

Yes. Greystones is just as manic as Dublin.

Blingy

Definitely just as manic. Recent queues overnight for new build properties buying off the plans. Lots of bidding wars on houses at that price range. But saying that no one can predict what's to come and hopefully you couldfind something to suit within that budget.
Just be sure it's somewhere you see yourself living. Commuting times if going north on the n11/m11 seem to be getting longer at certain times.

2011

Agree ^^^

The boom is back and prices exponentially increase until the next "soft landing"....:(

pixbyjohn

Have a look here>>>>
https://www.propertypriceregister.ie/website/npsra/PPR/npsra-ppr.nsf/PPR-By-Date&Start=1&Query=%5Bdt_execution_date%5D%3E=01/01/2017%20AND%20%5Bdt_execution_date%5D%3C01/10/2017%20AND%20%5Bdc_county%5D=Wicklow&County=Wicklow&Year=2017&StartMonth=01&EndMonth=09&Address=

Blandpebbles

The interest rate rises next year will see the market drop again. Bide your time if you can.

loyatemu

Blandpebbles wrote: »

The interest rate rises next year will see the market drop again. Bide your time if you can.

you know something we don't? Rates are probably more likely to go down regardless of what the ECB does (and nobody really knows what they will do).

As for house prices, who knows, the current rises seem crazy but it's still not the same as 2006 when there were huge numbers being built every year and people were buying houses in Portlaoise on 100% mortgages.

2011

Blandpebbles wrote: »

The interest rate rises next year will see the market drop again.

Because demand outstrips supply by such a large margin and this is unlikely to be resolved next year I think that a significant price drop highly unlikely. Having said that I would like to be proved wrong.

Blandpebbles

Love the optimism.... See you next year

People are buying house right now that they cannot afford at 3-4%. You will not see house prices crash but you will a steady increase in defaults as rates go up.

The economy is booming with that comes inflation which drives interest rates.

But look we are all keyboard economists and things will play out as they must.

The OP should come to Greystones, its lovely.

2011

Blandpebbles wrote: »

Love the optimism.... See you next year

You are predicting a property price drop and you think I'm optimistic???
Hopefully you are correct.

We are both guessing, time will tell.

bilbot79

The EU is setting our rates and our economy has little impact overall. I would say if rates rise prices would rise slowly or flatten.

That said if Pyongyang we're to nuke Guam.....