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Brexit and the price of houses in Dublin

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  • 29-01-2019 12:52am
    #1
    mkdon
    Registered Users Posts: 419 ✭✭


    60 days to go now until Brexit soft or hard Brexit


    Surely this will impact the market negatively or positively...there is little talk of it ...probably because it is pure speculation but surely there are some definites

    I would like to start a discussion on this...

    thoughts?


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    #2
    Brego888
    Registered Users Posts: 1,321 ✭✭✭Brego888


    There has been loads of speculative talk on it. How could there be any definites?


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    #3
    mkdon
    Registered Users Posts: 419 ✭✭mkdon


    answering a question with a question.... what speculation has there been on the price of houses in Dublin that you speak of Brego888>?


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    #4
    myshirt
    Registered Users Posts: 5,245 ✭✭✭myshirt


    Prices in greater Dublin region likely to go up again at 8-10% if a hard Brexit persists and isn't resolved by year end. In Dublin itself we will see less than 5% growth regardless, bar pockets where competition is more intense, new builds selling under 350 for example, they are likely to move to 370-380. Properties under 400k are seeing the most aggressive competition.

    Prices in rural locations to drop 15-20% by the end of the year, and banks reluctant to lend on them, so you'll have to have the cash or a 30%+ deposit.

    Prices in Limerick City, Galway, and Waterford/Kilkenny to drop 5-10%. Cork to ease off and flatline, with limited to no growth in prices.

    That's my general feeling on the trajectory.


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