Softening house market?

Yes, you're preaching to the choir! I actually think Husqvarna robot mowers are the first purchase I'd make if we buy. EA told us that fitting stoves will bring the BER rating up to a B.

Painting the kitchen units is a good idea for the short term, full replacement would be quite a big expense.

I think my wife is hung up on the location in Broguemakers Hill. It is very convenient there. The ability to walk on foothpaths to the city centre is very appealing to her. I just don't like the layout of that house as it is.

It's a tough decision. If we go for it and my wife doesn't settle in it, we'll be doing it all again in a couple of years!

Well I didn't say it was modest, I said it's fairly standard. What I mean by that is that while it's big, it doesn't have any huge luxuries like wire in audio, jacuzzi baths, games room or any of that kind of stuff that you see in "executive" houses. But yes, it's big.

Unless the EA has been given that advice by the BER assessor, I'd be wary of any such claims. Ask them in an email to confirm this and you'll soon know if they are talking out of their ar$e.

Reason I mention it is that if you acheive a higher energy rating you may be eleigble to access cheaper interest rates for 'green' mortgages in the future.

I faaaaaar prefer the Broguemaker house. The location is better, it's close to amenities in a lovely, leafy, well maintained setting. The other house is kinda in the middle of nowhere, that would be crap for kids making friends and also having to drive everywhere. The Broguemaker house has real personality about it externally and I actually prefer the layout inside to the other one. There's a touch of "Mc Mansion" off the other one. Just my 2c.

House in the town is by far the better house imo. The thought of getting into the car every time I leave the house would be a nightmare for me. Wife is right I'm afraid 😁

I have to disagree. The OP indicated he would need to put on an extension and do a job on the garage as well. I am guessing he is working from home a lot as he is paid in sterling.

The Foulktown house is much more suitable for that. Did he say it was 3km from the center of Kilkenny not exactly out in the sticks.

The issues with decor in the Foulktown houses are easier to resolve than the extension in Broguemaker houses. It's also 50 % larger neither would I want to be painting the outside of it. Foulktown is a much better family home longterm

And how much do you think houses will fall by???

I have wore the shirt too.

Earlier this year on the 2022 property thread I said I saw a price correction towards the end of the year in the 10ish% mark over 12 month time frame. However I cannot see a property price collapse as we do not have a over supply in the market.

If we have continued inflation especially energy related building costs will not come down. Concrete, cement and similar products will not get cheaper if energy is dearer.

This I have a feeling in my water is not an economic analysis

A recent newspaper articlle quoted that house privces

It is highly likely that interest rates are going to rise once or maybe twice before the end of the year, and in 2023 who knows? Anyone getting approval in principle now is unlikely to be drawing funds down before the next rate rise.

Banks would be foolish if they weren't factoring in increased loan repayments into affordability calculations. You could go further and say that increases in the general cost of living will make it harder for people to find the repayments. Anyone who's on the edge of their deposit and salary limits might struggle to get a loan.

On the plus side, if interest rates do shoot up, the 3.5x limit should (in theory) shield us from the total disaster that we saw in 2008.

Albert Manifold CEO of CRH says there's a second wave of building materials inflation coming. Materials will get even more expensive and building will slow, even stop. Then people will start getting laid off in the construction/supplies sector, GPD will take a hit but once the big Tech companies here start taking the hit from their advertisement revenues and their share price starts to fall they will be the next to start chopping. All in All, I can see a lot of the foreign workers both in construction and the tech sector moving out of Ireland in the near term, this will obviously help with the demand but we will still be under pressure on the supply side.

Realistically, we will enter a recession and the ECB will reverse course with interest rate rises and money print till the cows come home with QE, some of this money will be put into the housing sector in order to build more to keep the economy ticking over. This would be the best case scenario for housing but the global economy is absolutely addicted to QE and low interest rates and the jig is up. All this does is create bubbles in asset classes and benefit the rich whilst creating divides at blue collar level.

Commentators saying the ECB could go with 100bps hike, wonder what has changed doubt its the inflation. The only thing that has changed is that they now have a bond buying 'tool' for Italy so the can hike risk free now. These guys are actually jokers, control inflation by printing more money to buy Italy's bad debt, whilst hiking interest rates for everyone else. Anyway don't think it will work they are like junkies, hooked on the needle of low interest rates and ongoing QE in order to create growth. Our growth days are over in the western world our population is on the decline hence overall consumption will always be lower, the baby boomers was our growth period.

Its good that myhome.ie shows price changes, but any idea if daft.ie do it?