I agree that if you look at this particular house, that prices are rising. However, I don’t think it’s necessarily realistic or representative of the overall market.
‘The Moorings’, No. 59, was a far superior house in my opinion. Granted, it wasn’t a redbrick - but that certainly doesn’t bother me. It was a very unusual and distinctive house. It sold in the region of £2.5m - £3m in 2000 and it supposedly went for €2m last year (after being lavishly renovated). It was great value in my opinion for a large family home in walk-in condition on the Golden Triangle. (Shrewsbury/Ailesbury/part of Merrion Road between them)
No. 63 is really a totally different proposition, and I don’t think €2.75m is achievable given its condition.
Since the start of the year I have made 1 purchase
And I am still looking
On a separate point, I don’t understand why you think my claims are fervent. I comment on my current experiences in the market.
I comment when rents/prices, rise & fall in D2 & D4.
Recently some of the bear pinsters ridiculed/challenged (I think yourself might have provided some of the challenge) some my comments about 20% rent rises in D4 & D2. Luckily the Daft report agreed with my assessment 3 months later.
Prices are rising in SCD, D2 & D4 and I believe the increases are sustainable. The reality is not everybody can afford to live in the better parts of these locations.
Some pinsters forget (because of their own circumstances and experiences) is that some people are doing very well in this recession.
The whole ‘micro-market developing’ thing is just tedious at this stage and I see many posters who should know better going along with it unquestioningly. It’s just another version of ‘Ireland is different.’ Prices in Sandyford will affect prices in Dundrum which will affect prices in Clonskeagh which will affect prices in Milltown which will affect prices in Ranelagh.