I was thinking for a while that a specific Cork thread might not be a bad idea for those of us keeping an eye on this part of the country.
Interesting start to 2014 in the areas I am looking with 4 Daft/My Home alerts so far today along with 5 last Friday and 4 last Thursday, that’s more than I got in the whole of January + February last year.
In retrospect I should have bought Autumn 2012, that was the “bottom” in Cork, or at least that was the point before the current ‘bounce’ or whatever you want to call it, it’s not that I believe a price surge is on the cards in Cork but there is no question in my mind that the absolute dearth of decent properties on the market is leading to a hardening in prices.
I viewed 4 properties that meet my needs last week (4-5 bed detached nice areas south side with easy access to the South Link) that’s more than I got to view in the whole of Jan-June last year. Plenty of interest at the viewings with 3 of the 4 properties under offer already, however all bids are under the asking price and no sign of people losing the run of themselves yet a la the stories we hear re SCD.
My gut tells me that the (imagined?) uplift in prices is drawing stock to market, the real clincher is whether or not there is enough pent up demand to meet the properties coming onstream – quiet rumblings er repossessed stock coming online “SoonTM” leads me to believe it will only be a sellers market in the short term but then I’ve been wrong before
The age profile of the other viewers at these properties is also very interesting, predominantly first time buyers circa 30 yrs would be my guess, the odd one of two with elderly and obviously cash rich parents of farming stock calling the shots and handling the discussions with the EA.
Anybody else out there with observations/musings/predictions to add?