Irish Property Market 2020 Part 2

Cyrus

Graham wrote: »

I was going to say they're fantastic looking apartments with great space for a 1-bed.

Then I realised half the photos are of the penthouses. :mad:

the kitchen diner living area in the pics is probably the size of the 1 beds :P

MacronvFrugals

Graham wrote: »

I was going to say they're fantastic looking apartments with great space for a 1-bed.

Then I realised half the photos are of the penthouses. :mad:

hahaha same, was thinking jesus they're cracking value at 385k, how much are those ones in the pictures with the sea view?

Cyrus

MacronvFrugals wrote: »

hahaha same, was thinking jesus they're cracking value at 385k, how much are those ones in the pictures with the sea view?

they are from 700k

https://glenveagh.ie/developments/marina-village-apartments/

awec

MacronvFrugals wrote: »

hahaha same, was thinking jesus they're cracking value at 385k, how much are those ones in the pictures with the sea view?

Most of them will have a sea view, they are literally built on top of the harbour in Greystones.

MacronvFrugals

Cyrus wrote: »

they are from 700k

https://glenveagh.ie/developments/marina-village-apartments/

Not as good value lol

Hubertj

PropQueries wrote: »

Glenveagh have reduced the prices of their 1 Bed Apartments at Marina Village in Greystones from €499,950 to €385,000.

Link to MyHome here: https://www.myhome.ie/residential/brochure/1-bed-apartments-marina-village-greystones-wicklow/4454039

I knew they were expensive but 500k for a 1 bed? I wonder did they even sell any at 500k?

Geuze

L1011 wrote: »

USC replaced the Income Levy and Pension Levy, not PRSI.

USC replaced the Health Levy and the Income Levy.


The PRD is different again, and applies only to PS.

Graham

Cyrus wrote: »

the kitchen diner living area in the pics is probably the size of the 1 beds :P

I don't think the one beds are quite that big!

The 1 beds aren't bad and you can't argue with the value added by the sea views but if you're expecting the 1 beds to look like some of the photos, you're going to be awfully disappointed.

Cyrus

Hubertj wrote: »

I knew they were expensive but 500k for a 1 bed? I wonder did they even sell any at 500k?

lots on the PPR but not sure what size they were.

ElBastardo1

PropQueries wrote: »

Glenveagh have reduced the prices of their 1 Bed Apartments at Marina Village in Greystones from €499,950 to €385,000.

Link to MyHome here: https://www.myhome.ie/residential/brochure/1-bed-apartments-marina-village-greystones-wicklow/4454039

One bed for 499k? In wicklow? delusional

A one bed in Goatstown is 385K and I thought that was over proced.

silver2020

Cyrus wrote: »

they are from 700k

https://glenveagh.ie/developments/marina-village-apartments/

I'd say good value at 700k - 1650 sq ft + massive balcony. That's the size of many large 5 bed houses and you'd see semi-retired people trading down from larger houses to these

One beds at 385k are 550 - 580 sq ft, 2 beds are circa 900 sq ft (€500k).

L1011

Geuze wrote: »

USC replaced the Health Levy and the Income Levy.


The PRD is different again, and applies only to PS.

I already posted that correction

smurgen

PropQueries wrote: »

Glenveagh have reduced the prices of their 1 Bed Apartments at Marina Village in Greystones from €499,950 to €385,000.

Link to MyHome here: https://www.myhome.ie/residential/brochure/1-bed-apartments-marina-village-greystones-wicklow/4454039

23% drop ain't bad. More of this needed.

fliball123

smurgen wrote: »

23% drop ain't bad. More of this needed.

These were grossly overprice I wouldnt be getting to excited about all prices dropping due to an overpriced 1 bedroom that was about half a million Euro in greystones. Thats a crazy price to have on that

Cyrus

silver2020 wrote: »

I'd say good value at 700k - 1650 sq ft + massive balcony. That's the size of many large 5 bed houses and you'd see semi-retired people trading down from larger houses to these

One beds at 385k are 550 - 580 sq ft, 2 beds are circa 900 sq ft (€500k).

its ok i guess, i dont think 1,650 sq feet is a large 5 bedroom house, more like a small 4 bedroom, but its a big apartment.

PropQueries

awec wrote: »

I am going to suggest that "normal" people are not and were never spending 500k on 1 bed apartments, even if they are high-end right on the coast.

These were aimed at a niche in the market IMO.

True. And the location is good for where it is. But it does put a big question mark over the "value" being placed on many other "high-end" new build houses and apartments in the greater Dublin region.

Hubertj

PropQueries wrote: »

True. And the location is good for where it is. But it does put a big question mark over the "value" being placed on many other "high-end" new build houses and apartments in the greater Dublin region.

i can't imagine there are many 1 beds around priced at €500k... apart from the silly priced development on lansdowne road?

Cyrus

Hubertj wrote: »

i can't imagine there are many 1 beds around priced at €500k... apart from the silly priced development on lansdowne road?

marianella maybe? but comparing d4/6 to greystones is apples and oranges.

The_Conductor

L1011 wrote: »

The Pension Levy/PRD for PS is replaced by a new scheme finally I think.

There are a whole range of PRDs now- covering both grades and payscales- and also when a person was recruited. It must be a nightmare trying to calculate it- there are so many different permutations. Some of them are quite high- 16-18%- some as low as 1.5-2.25%...... Good luck trying to figure what is what.

brisan

The_Conductor wrote: »

Thats entirely up to you.
If you see a house that you like, can see yourself living there long term and can afford it- then it would make sense to do so. Otherwise- don't.

Should be a sticky with the proviso that once you have bought you never look at a property website ever again

brisan

thefridge2006 wrote: »

"Ireland could suffer ‘multiple economic hits’, warns Varadkar" - Irish Times

Master of the obvious is our Leo

brisan

The Belly wrote: »

Add Italy Spain and greece. But Italians first.

Stick Portugal in there as well and you have PIGS

The Belly

brisan wrote: »

Master of the obvious is our Leo

i think we all knew that 6 months ago.

brisan

thefridge2006 wrote: »

https://www.irishtimes.com/sponsored/from-here-student-living/7-reasons-why-this-dublin-student-accommodation-is-the-smart-stylish-choice-1.4346602

7 reasons why this Dublin student accommodation is the smart, stylish choice -:pac::pac::mad::mad:

Is it advertised on MyHome.ie

brisan

The Belly wrote: »

That made me laugh. It has no effect on me either way but i see what i see.Your obviously young and more power to you and have not seen this before. Btw i havent either i lived through bad but this is a sh.it storm coming. We all decide what we choose to at the end of the day but based on the evidence it aint looking at all good.

Born in 1960 and bought my first property in 1982
I have seen 58% tax rates and 7% PRSI on average wages
I have seen mass emigration on 2 or 3 occasions
I have see mass unemployment on a scale not seen in 35 years
I have seen 16.5% mortgage rates
I have seen rampant inflation and 15-20% pay rises.
I have seen Black Monday and a few financial crashes.
I have seen whole streets of houses for sale in London here owners posted the keys back to the banks
I have seen ghost estates and property crash by over 50% ( which I bought )
But I firmly believe we are in for the biggest ****show I have ever seen

brisan

Graham wrote: »

The problem is when everyone starts to think and act like that, a recession becomes a self-fulfilling prophecy.

Much will hinge on the government interventions outlasting either a vaccine, or getting coronavirus under control.

To your other point, I do think there are more than a handful who do genuinely expect they'll be able to get a house for half price.

We are already in a recession
The question is will it become a depression

brisan

plibige wrote: »

Where's this 190k house, i'd love to buy it

Here is a list of over 3300
Take your pick
https://www.myhome.ie/residential/ireland/house-for-sale?maxprice=200000

brisan

Graham wrote: »

The coronavirus restrictions are only likely to stay forever if the pandemic stays forever.

I don't think even the most pessimistic expect that to happen.

Even with a vaccine life as we know it will never be the same again

handlemaster

brisan wrote: »

Born in 1960 and bought my first property in 1982
I have seen 58% tax rates and 7% PRSI on average wages
I have seen mass emigration on 2 or 3 occasions
I have see mass unemployment on a scale not seen in 35 years
I have seen 16.5% mortgage rates
I have seen rampant inflation and 15-20% pay rises.
I have seen Black Monday and a few financial crashes.
I have seen whole streets of houses for sale in London here owners posted the keys back to the banks
I have seen ghost estates and property crash by over 50% ( which I bought )
But I firmly believe we are in for the biggest ****show I have ever seen

Have you ever seen the Rain ?

brisan

handlemaster wrote: »

Have you ever seen the Rain ?

No but I am fairly secure so hopefully it wont affect me
Retiring -redundancy this year
DB pension healthy lump sum,AVCs and mortgage free.
But i firmly believe this will be the worse recession in the last 100 years
Once the gov turns off life support then it will all start