Softening house market?

It seems clear becoming a systemically dangerous corporation is where a man's ambition should lie.

It really doesn't make any sense. You could buy a bigger house in a better neighbourhood in similar condition. The extension and modernisation is no way worth the extra. It is very rare an extension will add the cost to the value of the house yet here people are paying more than the cost of the extension. Something very suspect on that price

Starting to see more and more drops on myhome that don't come up in the 'Price changes' link. Could be just a re-listing (possibly with a new EA). Generally in the order of 5%.

14k properties (excluding sites) were listed on Daft on 26 June.

Just passed 15k in the last hour. 1k jump in 3 weeks. Hopefully it continues.

I wouldn't be too worried about that. Would have to fall a long way before the any amount spent there would be something he'd be worried about

Went to view a terraced gaff in Inchicore that was listed at 495k, which was overpriced to begin with but I thought I'd take a look anyway. A nice old place with character up a quiet street. Reams of people at the open viewing, all sorts from first time buyers with kids, to retired Brits.

Bidding opened at 485k and within a day current highest bid is at 630k. Seems there's a lot of cash buyers out there as I can't imagine anyone would be getting a mortgage approved for that. Nice, quaint enough house but in the real world (i.e. pre the pandemic mega bubble) not worth anything past its asking price, let alone 3-bed-semi-in-a decent-suburb territory.

Was this a fixer upper or already sorted? Place tell me it was done up for that kind of money!

Rising fuel prices are making commuting much less viable. Formerly rough and run down inner suburbs in Dublin are a better option for many than a long commute from a distant location.

There is a massive difference between living out of county Dublin and living in the suburbs. Living in a rough area in Dublin compared to a quite suburb is different again. You are going to have to commute from there. I worked in the area and it is actually a fair distance from the city centre and public transport is not that great. Many of the women working with me would not go to the local shops on their own. There is a lot drug addicts in the area. Seeing the parents picking up the kids at the local primary school doesn't look like parents of the year material.

For the money being paid here there are many better options as close to the city with bigger better properties. Marino is a lot nicer as an example add an extra 10mins on the commute and the options are better again.

Somebody see value in it but I still want to see what is actually paid when it is sold. It seems ridiculously expensive to me. You could buy a similar basic property and spend €100k on it and save at least €150k without breaking a sweat in the likes of Donnycarney and have better transport and local facilities

I wonder, and I wouldn't be surprised at all, are the bidders for the Inchicore house are the council and a AHB, bidding stupid money against each other to let it out for a song.

New Zealand house prices fell the most in 13 years in the second quarter as the central bank raised interest rates aggressively to curb inflation.

Prices declined 2.3% in the three months through June, CoreLogic New Zealand said Tuesday in Wellington. That’s the biggest quarterly drop since early 2009, when the economy was in recession due to the global financial crisis. Prices fell for a third straight month, while the annual gain of 12.4% was the lowest since late 2020. 

Coming soon to Ireland. Once off houses are already falling fast in Wicklow,Kildare,Meath etc.

I think I know the house. When I went to see it, I had to leave the car down the road because the back lane was filled with craters. hahaha