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Dublin house prices

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  • 11-11-2019 2:38pm
    #1
    Idonotknow
    Registered Users Posts: 78 ✭✭


    Are house prices likely to fall in the next while?


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    #2
    Zulu
    Registered Users Posts: 10,965 ✭✭✭✭Zulu


    yes


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    #3
    Gavin "shels"
    Registered Users Posts: 17,965 ✭✭✭✭Gavin "shels"


    Not a great indicator but MyHome have a price changes page on their website to give an idea what the market is like probably more so overvalued houses decreasing mind you.

    https://www.myhome.ie/pricechanges/dublin


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    #4
    CatInABox
    Moderators, Computer Games Moderators, Recreation & Hobbies Moderators Posts: 10,350 Mod ✭✭✭✭CatInABox


    The mid to high end of the market is pretty stagnant, with some significant price drops, as a lot of people are waiting to see what effect Brexit has, but there's also a shortage of people able to get mortgages of that size thanks to the stricter rules. Anecdotal, but two houses near me for been on the market for ages, one is sale agreed with the seller terrified that the buyer will pull out, and the other hasn't had any offers despite price drops.

    The lower end of the market seems to be doing better, presumably because more people meet the requirements for a mortgage.

    At the end of the day though, there's still a massive shortage of houses in the Dublin region, and that isn't going to change any time soon. Even a recession, so long as it isn't as systemic as the last one(i.e. banks going bust), isn't going to change that central fact.


    You'd probably get a better answer on the Accommodation and Property forum, I'm in no way an expert.


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    #5
    Idonotknow
    Registered Users Posts: 78 ✭✭Idonotknow


    CatInABox wrote: »
    The mid to high end of the market is pretty stagnant, with some significant price drops, as a lot of people are waiting to see what effect Brexit has, but there's also a shortage of people able to get mortgages of that size thanks to the stricter rules. Anecdotal, but two houses near me for been on the market for ages, one is sale agreed with the seller terrified that the buyer will pull out, and the other hasn't had any offers despite price drops.

    The lower end of the market seems to be doing better, presumably because more people meet the requirements for a mortgage.

    At the end of the day though, there's still a massive shortage of houses in the Dublin region, and that isn't going to change any time soon. Even a recession, so long as it isn't as systemic as the last one(i.e. banks going bust), isn't going to change that central fact.


    You'd probably get a better answer on the Accommodation and Property forum, I'm in no way an expert.

    What area were those houses in if you don’t mind me asking?


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    #6
    CatInABox
    Moderators, Computer Games Moderators, Recreation & Hobbies Moderators Posts: 10,350 Mod ✭✭✭✭CatInABox


    Idonotknow wrote: »
    What area were those houses in if you don’t mind me asking?

    Clontarf


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    #7
    subpar
    Registered Users Posts: 493 ✭✭subpar


    Price stagnation likley till late spring 2020. What happens next depends on Brexit outcome.


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    #8
    ciaranmul
    Registered Users Posts: 151 ✭✭ciaranmul


    Idonotknow wrote: »
    Are house prices likely to fall in the next while?

    Not according to this Instagram account :D


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