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Alot of expensive properties appearing on the market...something happening?

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  • 17-07-2018 11:29am
    #1
    jon1981
    Registered Users Posts: 4,359 ✭✭✭


    So I cycle up Howth head alot and I couldn't help notice more recently the amount of properties appearing for sales all around the summit. Some of these properties are only a few houses apart with a few sites also for sale. Just a coincidence?


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    #2
    M.Cribben
    Registered Users Posts: 325 ✭✭M.Cribben


    Those kind of properties all always take longer to sell as the pool of potential buyers is much smaller. Affordable semi-d properties for example will typically sell within 2 - 3 months in Dublin. Whereas 1 million euro+ luxury properties might take 6 months so there will be a lot more crossover (and more on the market at same time). That's my guess anyway as to what you're observing in Howth.


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    #3
    [Deleted User]
    Posts: 17,728 ✭✭✭✭ [Deleted User]


    .......... many of them were for sale 12 months ago I reckon :)


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    #4
    amacca
    Registered Users Posts: 6,904 ✭✭✭amacca


    Maybe it's get out while the prices are still "buoyant" or the market is still "frothy" .... especially for properties like that


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    #5
    C3PO
    Registered Users Posts: 3,760 ✭✭✭C3PO


    From what I understand high end (€1m+) properties are moving very slowely at the moment!


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    #6
    jon1981
    Registered Users Posts: 4,359 ✭✭✭jon1981


    amacca wrote: »
    Maybe it's get out while the prices are still "buoyant" or the market is still "frothy" .... especially for properties like that


    That's what I was thinking!


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    #7
    SEPT 23 1989
    Registered Users Posts: 43,028 ✭✭✭✭SEPT 23 1989


    the ones who move in those circles would have good information on whats coming up around the corner


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    #8
    wersal gummage
    Registered Users Posts: 1,648 ✭✭✭wersal gummage


    jon1981 wrote: »
    So I cycle up Howth head alot and I couldn't help notice more recently the amount of properties appearing for sales all around the summit. Some of these properties are only a few houses apart with a few sites also for sale. Just a coincidence?

    Are you looking to buy a house at the moment or even just thinking about it?


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    #9
    [Deleted User]
    Posts: 17,728 ✭✭✭✭ [Deleted User]


    SEPT 23 1989 wrote: »
    the ones who move in those circles would have good information on whats coming up around the corner

    I don't think they would tbh.
    Plenty of folk moving "in those circles" (presumably folk with a few quid) lost loads in the last recession so I don't believe their crystal balls are any clearer this time around tbh.


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    #10
    jon1981
    Registered Users Posts: 4,359 ✭✭✭jon1981


    wersal gummage wrote: »
    Are you looking to buy a house at the moment or even just thinking about it?

    I own a house. Potentially in the next 4-5 years we may consider a move for personal reasons, so yes.


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    #11
    wersal gummage
    Registered Users Posts: 1,648 ✭✭✭wersal gummage


    jon1981 wrote: »
    I own a house. Potentially in the next 4-5 years we may consider a move for personal reasons, so yes.

    OK, was wondering if could be a touch of this Baader-Meinhof thing.....


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    #12
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭Graham


    SEPT 23 1989 wrote: »
    the ones who move in those circles would have good information on whats coming up around the corner

    conspiracy theories over there ->>>>

    :D


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    #13
    Cocobeans101
    Registered Users Posts: 71 ✭✭Cocobeans101


    At a guess, a lot of people have been sitting on expensive properties that it just hasn't been worth to sell for the last couple of years.


    There seems to be have been a sharp increase in house prices this year. A few EA and solicitors have told me they expect a but of lull coming up.

    No one has a crystal ball though


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    #14
    jon1981
    Registered Users Posts: 4,359 ✭✭✭jon1981


    wersal gummage wrote: »
    OK, was wondering if could be a touch of this Baader-Meinhof thing.....

    Could be! It was more the close proximity of houses for sale in such a small area that I found interesting.


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    #15
    Drumorig
    Registered Users Posts: 193 ✭✭Drumorig


    SEPT 23 1989 wrote: »
    the ones who move in those circles would have good information on whats coming up around the corner

    Augeo wrote: »
    I don't think they would tbh.
    Plenty of folk moving "in those circles" (presumably folk with a few quid) lost loads in the last recession so I don't believe their crystal balls are any clearer this time around tbh.
    ye I don't think he meant in economic terms, were talking about the summit of howth here :P


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    #16
    ted1
    Registered Users Posts: 23,524 ✭✭✭✭ted1


    Noticed the sane in Killiney. I guess people are cashing in when the market is high.

    Lots of people ready to down size or emigrate for the past few years but waited till the price was up.

    Several of my friends parents have started wintering in the sun and trader their big houses with big gardens for no maintenance apartments


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