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Celtic tiger

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  • 10-02-2020 2:50pm
    #1
    mariaalice
    Registered Users Posts: 12,493 ✭✭✭✭


    This is something I have come across recently.

    Are there some properties that will never return ot Celtic tiger prices even in very desirable areas? traditional 3/4 bed semis bounced back very quickly but any property that was over 700/800k or even a million with odd layouts such as a 4 bed over 4 flours or other weirdness to try and get a house on the smallest footfall possible with little to no parking have never recovered and may never recover?

    The reason it is its relevant is that when it comes to reselling traditional layouts and parking will always trump open-plan layouts and things like four-floor over four floors.


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    #2
    Envelope436
    Registered Users Posts: 17 ✭Envelope436


    I bought 4 bedrooms over 3 floors, limited parking, during boom. Recently sold. Price never fully recovered.


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    #3
    Ray Palmer
    Registered Users Posts: 8,394 ✭✭✭Ray Palmer


    mariaalice wrote: »
    This is something I have come across recently.

    Are there some properties that will never return ot Celtic tiger prices even in very desirable areas? traditional 3/4 bed semis bounced back very quickly but any property that was over 700/800k or even a million with odd layouts such as a 4 bed over 4 flours or other weirdness to try and get a house on the smallest footfall possible with little to no parking have never recovered and may never recover?

    The reason it is its relevant is that when it comes to reselling traditional layouts and parking will always trump open-plan layouts and things like four-floor over four floors.

    Quirky houses are a niche market. Most people are conservative when it comes to the big purchases. Location is still the biggest factor.

    What I have noticed is extended properties in housing estates do not reach prices sellers seem to want. While they may have spent a lot of money adding extra rooms people don't want to pay the extra costs for it. I have seen a few 5 bed houses on the market a while in areas of 3 bed houses. Even if you were to buy a property in the area and build the extensions to get the same it will cost you more but people won't buy them. Ideal for landlords but they aren't buying due to the array of dangers built up.


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