Interesting recent data on prices in Dublin.
Drip drip continuing fall of ~1% per month through June
This concurs with my personal observation of my area - around Dun Laogahire/Rathdown
You dare darken my towels with MyHat?!?! 
only 49 more months to go so…
Bizarre headline.
Quote for those who lament the lack of well located good quality gaffs on the market:
Quote for those who lament the lack of well located good quality gaffs on the market:
… there’s also an overhang of supply - growing larger as people are stretched, have their jobs move abroad, want to retire, die.
Also, in my likely range of 500-800k (“mid-ranged” in SCD but “super-luxury end” in comparable cities in other countries), there’s an overhang of much better stock in the 850-1200K range that’s much much much better but not selling (e.g. 2500 sq foot period home offered for 900K vs a 1300 sq foot semi-D for 650K). Surely as people grow brains, we’ll see these slowly crush the 3-bed semi.
Not really - they are just playing with Mark Twain’s quote (usually misquoted). Not sure if Morning Ireland would use it though.
Its encouraging evidence that prices will eventually get to a place where people can afford houses at a working man’s price.
Using the rule of 72, if prices are going down 1% a month then they will halve in about 36 months. Waiting a year will get you about 20% off (ignoring the crash when property taxes are quantified and banks raise interest rates a few times).
I don’t understand why people are anti-Myhat.ie? They seem to back up the opinions of everyone on this board.
They had an interesting analysis a couple of weeks ago showing that houses going sale agreed were the ones that were noticeably under the market norm asking price. And that a good % of houses seemed to be not really for sale at all. They were just trying to impress others with crazy high asking prices.
It’s a minority view.
You might want to check those maths again. If prices are falling 1% a month they will take just under 6 years to halve. Waiting a year will get you less than 12% off
They show up semi-regularly and claim the market has hit bottom based on whatever ridiculous criteria they can invent to justify it.
assuming the 1% drop is month on month and not on the original price, excel tells me that they will actually take about 8 years to drop by 50%.