Current Public Sentiment towards the Housing Market


#3461

are we talking generally or specifically about the PIN obession… SCD


#3462

Apologies in advance for the whole SCD centric post …

Seeing a number of new “For Sale” signs around the D6 area in recent weeks. Nothing scientific but just an observation. Would be good to have daftwatch to verify the same however it seems to be down. Anyone out there keeping an eye on the supply?

Also, a number of properties in SCD which were ridiculously priced to begin with are languishing on the market. Again if someone is keeping an eye on them then it would be great to know if there have been any price drops or how long they have been on the market


#3463

In terms of volume salesporn.net

Approx 1000 new properties coming onto the market each month.

As such I would expect 100 new properties priced at 500k+


#3464

Thanks for that. Some additional graphs and stats can be found at propertypriceregisterireland.com/graphs/ and here daftdrop.com/#!reportView


#3465

Construction decline accelerates

Construction sector free-fall gathers pace

Slowdown in construction sector accelerates


#3466

Listening to snoozetalk this morning oh so briefly caught this story. To paraphrase Ulsterbank analyst, "well all things have to end so it looks like it’s bottoming out… " :confused:

What I take from these numbers is there is a functioning economy that can sustain itself and will not until the source of paralysis creating asphyxiation is reformed.


#3467

Prime Time in 30 mins…Personal Insolvency details to be discussed.
Expect to see David Hall or perhaps even, Monica Leech


#3468

Ding ding ding!

To quote the great Lily Tomlin, no matter how cynical you get, it’s impossible to keep up.


#3469

i292.photobucket.com/albums/mm9/Coles-01/ResidentialCompletions1975to2013_zps78ce03e8.jpg

i292.photobucket.com/albums/mm9/Coles-01/DublinCommencements_zps30b52068.jpg


#3470

Seems to be a general uptick in the number of new homes for sale coming to the market in Dublin:

Date For sale
2013-05-14 3827
2013-05-15 3820
2013-05-16 3832
2013-05-17 3803
2013-05-18 3813
2013-05-19 3813
2013-05-20 3811
2013-05-21 3826
2013-05-22 3829
2013-05-23 3849
2013-05-24 3868
2013-05-25 3872
2013-05-26 3871
2013-05-27 3862
2013-05-28 3866
2013-05-29 3858
2013-05-30 3866
2013-05-31 4007
2013-06-01 4012
2013-06-02 4012
2013-06-03 4012
2013-06-04 4011
2013-06-05 4028
2013-06-06 4050
2013-06-07 4077
2013-06-08 4084
2013-06-09 4084
2013-06-10 4084
2013-06-11 4076
2013-06-12 4106

salesporn.net/reports/30day-fs-sa.html


#3471

A great illustration of both where we are, & how we got there !!

My rant on the construction lobby letting us know that they were in the 7th year of decline was just to remind them that in most ways they were absolutely the authors of their own destruction. They built too much, & borrowed too much, & then when they couldn’t borrow any more, they got others to borrow 10x their salaries to buy a house that might never be built off plans. As some woman said about 2007, ‘Ireland is built !’.

I accept that not everyone in construction was reckless, but most were, & a lot of the survivors were companies & individuals who’d seen it before, & survived because they weren’t as greedy as the rest.

The best chance of breathing some life into the construction sector would be to shitcan idiotic planning rules like ‘local needs’ & reduce the cost of getting planning permission. This would make self-builds & one-off builds considerably cheaper, because it would force down land costs. Of course this would also make all the housing stock in NAMA totally unsaleable, so it’s unlikely to ever happen. :unamused:


#3472

Distant relatives are sellng their family home following the death of their last parent. Nice enough 3 bed on the Northside of Cork. Asking around €130k its already reached that only been on the market about 8 days. There are SIX viewings arranged for next week.Other houses in the area sold for around €100k recently and though this house is in better condition I am surprised.


#3473

Two markets.

Market 1, where houses are free to be bought and sold. This is a very tight market involving a small number of properties. Almost by definition, the majority cannot be properties with mortgages older than about 10 years. Nothing much built after some time in the 00’s. In this market, prices, rents and demand are strong.

Market 2, where properties are not free to be bought and sold. This market is hermetically sealed in a plastic bag and stored away on a high self where those in market 1 cannot reach it. Within the bag, all sorts of stuff is going on - restructuring, banks and customers “talking”, debt forgiveness, strategic defaulting, OO’s and BTL’s both, voluntary surrenders, who knows what else - but the bag itself operates in a separate universe (that high shelf) to market 1. In this market, concepts such as price, repayments and free market are relative.

And ne’er the twain shall meet.


#3474

Jim O Regan (?) is convinced of a 15-25% increase in prices - see comments section -

economic-incentives.blogspot.ie/ … eland.html


#3475

So he’s expecting a V shaped recovery :open_mouth: :open_mouth: :open_mouth: :open_mouth:

Well there’s definitive proof of extra-terrestrial life, cause Jim certainly isn’t from this planet :unamused:


#3476

It’s life Jim, but not as we know it! :laughing:


#3477

Yep, there are still life forms on planet Bertie. Not intelligent mind you.


#3478

If you got this through the door, would you feel happy to be reminded of an appreciating asset?

stolen from broadsheet.ie


#3479

I got that exact slip in my door a few days ago


#3480

Smacks of desperate Estate Agent more than desperate purchasers.