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Okay what the actual is going on with Rialto

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  • 11-06-2018 9:38pm
    #1
    Samuel T. Cogley
    Registered Users Posts: 10,684 ✭✭✭✭


    Seriously, property prices for that area are utterly insane. Has someone embarked on some sort of publicity campaign that this is the new hip area. Someone called it the new Ranelagh but I have my doubts.

    Now I'm not rubbishing the area but 300K starting for a 3 bed flat in the apartments - what am I missing here?


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    #2
    ted1
    Registered Users Posts: 23,524 ✭✭✭✭ted1


    Pssst it’s not just Rialto....


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    #3
    Creamy Goodness
    Registered Users Posts: 26,578 ✭✭✭✭Creamy Goodness


    Irish times labelled it the “New Ranelagh”

    https://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/fine-tuned-townhouse-for-415k-in-rialto-the-new-ranelagh-1.3352990

    The only way is up baby!


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    #4
    Samuel T. Cogley
    Registered Users Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    ted1 wrote: »
    Pssst it’s not just Rialto....

    No seriously it is to this level. A two bed house on Rueben Street will set you back 425K, I don't know if you've been on that street or the surrounding area and what you thought of it but it's not a nice as areas which are meant to be rough like Kilbarrack or Edenmore.


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    #5
    Samuel T. Cogley
    Registered Users Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    Creamy Goodness wrote: »
    Irish times labelled it the “New Ranelagh”

    https://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/fine-tuned-townhouse-for-415k-in-rialto-the-new-ranelagh-1.3352990

    The only way is up baby!

    Thanks I was trying to remember where had said it.


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    #6
    heebusjeebus
    Registered Users Posts: 3,783 ✭✭✭heebusjeebus


    How do you value your time?
    It's waking distance to the city centre so you don't need a car.
    What you pay for in money, you save on time commuting.


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    #7
    Samuel T. Cogley
    Registered Users Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    heebusjeebus wrote: »
    How do you value your time?
    It's waking distance to the city centre so you don't need a car.
    What you pay for in money, you save on time commuting.

    It's a 40 minute walk to O'Connell bridge and bang on two miles, that's busing it territory for me.

    I'm can be at Tara street in under 20 minutes from D5.


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    #8
    doolox
    Closed Accounts Posts: 2,350 ✭✭✭doolox


    Rialto is near St James Hospital and the New national Childrens Hospital so a lot of medical professionals will be interested in a house near there.

    South Circular Rd Mosque are next door neighbours, a lot of high flying engineers, doctors, scientists etc. are of that persuasion and, being teetotallers, they will have extra cash on hand to put into bricks and mortar. Additionally they are not averse to living in extended family units sharing housing with several brothers and sisters and their family members, multi generational housing in the one unit, something like the Irish used to do in the 40's and 50's. They are also the type of people to use public transport and not own a car and all its attendant costs. In short they will cut costs in all areas to cover costs in two key areas, housing and education. That's why they are where they are today in this country today, doctors, scientists engineers etc... I worked with a few of them and my wife also worked with a good few of them and its not the usual stereotype of badly educated people that one encounters in the UK etc.

    I would guess that Rialto and the SCR will become a Muslim district in a very short time.


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    #9
    spakman
    Registered Users Posts: 1,120 ✭✭✭spakman


    The pink pound (or euro) is a significant factor also.


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    #10
    heebusjeebus
    Registered Users Posts: 3,783 ✭✭✭heebusjeebus


    Samuel T. Cogley wrote: »
    It's a 40 minute walk to O'Connell bridge and bang on two miles, that's busing it territory for me.

    I'm can be at Tara street in under 20 minutes from D5.

    Luas would be a better option if that's the case.


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    #11
    Samuel T. Cogley
    Registered Users Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    heebusjeebus wrote: »
    Luas would be a better option if that's the case.

    Thats true it's just down the road.


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    #12
    Mr. Grieves
    Registered Users Posts: 781 ✭✭✭Mr. Grieves


    It's close to town. IFSC/Silicon Docks are 20 mins on the Luas. With prices in the rest of D8 and Harold's Cross, Rathmines so high, it's natural that people are looking to traditionally cheaper adjacent areas.

    The demographic comments made by a few other posters are a bit of a reach, it's just geography. Though the point about the proximity to hospitals is relevant.


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    #13
    James 007
    Registered Users Posts: 962 ✭✭✭James 007


    Creamy Goodness wrote: »
    Irish times labelled it the “New Ranelagh”

    https://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/fine-tuned-townhouse-for-415k-in-rialto-the-new-ranelagh-1.3352990

    The only way is up baby!

    And thats some kitchen to that house, where is the other half to the kitchen.


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    #14
    Mr. Grieves
    Registered Users Posts: 781 ✭✭✭Mr. Grieves


    Samuel T. Cogley wrote: »
    No seriously it is to this level. A two bed house on Rueben Street will set you back 425K, I don't know if you've been on that street or the surrounding area and what you thought of it but it's not a nice as areas which are meant to be rough like Kilbarrack or Edenmore.

    Period houses command a premium, Reuben St is cheaper than anywhere else in D8.


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    #15
    breeno
    Registered Users Posts: 756 ✭✭✭breeno


    James 007 wrote: »
    And thats some kitchen to that house, where is the other half to the kitchen.

    Hang on. That house was up for 415k and ended up going for 515k according to PPR?? Crazy money.


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    #16
    Chris_5339762
    Registered Users Posts: 5,902 ✭✭✭Chris_5339762


    Reuben Street at night is an entertaining place.

    Even during the day you can see the one house with a problem family in it as you drive past.


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    #17
    mariaalice
    Registered Users Posts: 12,493 ✭✭✭✭mariaalice


    The new children's hospital.

    All the new trendy urbanites and well educated middle eastern folk will eventually overwhelm the locals and it will become very desirable.


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