I don’t know what to make of the comment about deleting the blog, if might or might not be serious. Until I get proof it is, I’ll treat it as a joke.
The reason why I highlighted this price drop was because it’s most definitely an investor getting out (the house is unoccupied and immaculate). Not only that, but the mean price of houses in that estate is â‚¬350,000. Also, the estate is one of the most sought after for first time buyers as the houses are relatively new and regarded as well built.
I’m in shock still seeing such a price drop. Whack another â‚¬15,000 off that price and it actually falls into the affordability bracket for me. By affordability, I mean I won’t have to take out a 100%, 40 year mortgage for it.
As for getting served at the local? Well, if I had proof of all the allegations I could make about dodgy property dealings in Carrigaline, I’d have a lot of people interested in my story. I have lots of anecdotal evidence of repossessions in the town and know of an alleged dispute between a builder and a local businessman who purchased an entire block of houses in a recent development.
Here’s another humourous one. This ( daft.ie/searchsale.daft?search=1&s[cc_id]=c15&s[a_id]=407&s[mnp]=&s[mxp]=&s[bd_no]=&s[search_type]=sale&s[refreshmap]=1&offset=112&limit=8&search_type=sale&id=155686] ) property is up for sale, with the EA proclaiming “This property is perfect for the first time buyer or investor alike.”.
Well I am sticking to my guns that INVESTORS have been the main prop in this mad bubble.
Investors/BTlers/Landlords call them what you want have been the core driving force.
With easier access to assest backed loans and thus more buying power they have en masse become a brigade of get rich quick on the property one way street.
I’ve been renitn ghouses off them for years now. SO have most of us, why?
This sector has accumulated a massive portion of the increasing supply of houses. THus they have arrested the natural flow and diverted the housing stock into the hands of the few.
Its up to the Investor, who has created this mess more than most in my opinion through blind greed no less. Who I feel will be most responsible on a individual case per case basis to cause the pyramid to collapse.
275K Houses Empty
How many in the rental sector, 80K, 150K 200K ???
Total 355K ( a conservative estimate at best).
Can anyone find the total PRTB registrations to date?
Landlords total + Tenancies Total ?
I might phone them if no one can find it on the net. Let me know!