• Due to a glitch in the old vBulletin software, some users were "banned" when they tried to change their passwords at the end of February. This does not apply after the site was converted to Xenforo. If you were affected by this, please contact us.

Property market slowdown beginning to take effect

Joined
Feb 21, 2003
Messages
4,249
Website
www.politics.ie
Twitter
davidcochrane
Estate agents have reportedly signalled that the property market is finally beginning to cool after years of soaring prices. Reports this morning say the experts warned yesterday that the first evidence of the long-predicted soft landing was beginning to emerge, with some homes seeing a drop in prices for the first time in more than 10 years. BreakingNews.ie
 


zakalwe

Active member
Joined
Oct 20, 2005
Messages
171
yet on fri there were hysterical reports that house prices were still "spiralling out of control".

the mortgage volumes and averages have remained constant for the last 3 quarters or so.

i'd be inclined to believe imperical evidence rather than heresay from the last few saturday viewings.
 
Joined
Jun 24, 2005
Messages
84
Website
www.finfacts.com
zakalwe said:
i'd be inclined to believe imperical evidence rather than heresay from the last few saturday viewings.
I would agree.

Lending by the biggest market player PermanentTSB is up 50% in the first half of 2006 compared with the same period in 2005. Private sector lending is at a six year high and the CIF expect that 6,000 more new houses will be built in 2006 compared with 2005.

Government receipts from the housing market may rise to €9bn this year - 18.6% of total planned public spending (current and capital) and Albert Reynolds's Ailesbury Rd house is set to make €16 million. He paid €766,000 for it in 1994 and will trouser about €9 m after the completion of the purchase of an apartment in the Four Seasons' Hotel - it must be easier than making money from petfood. :)

As for anyone thinking of buying a new housing unit, just feel happy that you will be the victim of the mother of all stealth taxes - an average of €100,000 in payments to the Government from the current average total price of a new unit @ €291K
 

Universal_001

Active member
Joined
Apr 7, 2006
Messages
222
This strikes me as industry propaganda there is always a lull of house buying during the summer months.
 

jonna

Member
Joined
Jul 16, 2004
Messages
37
Universal_001 said:
This strikes me as industry propaganda there is always a lull of house buying during the summer months.
True..
I am concerned at the fact that the housing market seems to be the only thing holding the economy together (and this market based on unrealistic house prices)..What will happen to our economy when the property market actually falls?

jonna
 

Universal_001

Active member
Joined
Apr 7, 2006
Messages
222
jonna said:
Universal_001 said:
This strikes me as industry propaganda there is always a lull of house buying during the summer months.
True..
I am concerned at the fact that the housing market seems to be the only thing holding the economy together (and this market based on unrealistic house prices)..What will happen to our economy when the property market actually falls?

jonna
Massive service sector job losses, massive construction sector job losses, boarded up houses in the communter belt, massive drop in tax revenue which will mean painful cuts in social expendature.

and I wonder, since FF took credit for a celtic tiger they of course single handidly created, will they take credit for promoting policies that helped the bubble along? No, I don't think they will.
 

david

Active member
Joined
Feb 6, 2003
Messages
190
Universal_001 said:
Massive service sector job losses, massive construction sector job losses, boarded up houses in the communter belt, massive drop in tax revenue which will mean painful cuts in social expendature.
...and emigration.
 

georgedillon

Member
Joined
Feb 8, 2006
Messages
37
Uni:
"Massive service sector job losses, massive construction sector job losses, boarded up houses in the communter belt, massive drop in tax revenue which will mean painful cuts in social expendature."

Add in social conflict and violence, as Irish youths clash with Asian, African and Eastern European gangs.
gd
 

david

Active member
Joined
Feb 6, 2003
Messages
190
But will the Irish youth be here? They'll be following the money. The non-Irish may not be able to afford to emigrate.
 
Joined
Sep 1, 2005
Messages
18
georgedillon said:
Uni:
"Massive service sector job losses, massive construction sector job losses, boarded up houses in the communter belt, massive drop in tax revenue which will mean painful cuts in social expendature."

Add in social conflict and violence, as Irish youths clash with Asian, African and Eastern European gangs.
gd
i like that.

not 'irish gangs' clashing with Asian, African and Eastern European gangs.

are you implying the irish youth wouldn't form gangs GD?
 

david

Active member
Joined
Feb 6, 2003
Messages
190
Universal_001 said:
:shock: Jesus I thought I was cynical! :lol:
Stick around.
 

The OD

Well-known member
Joined
Oct 10, 2005
Messages
11,104
StoneTheIceman said:
not 'irish gangs' clashing with Asian, African and Eastern European gangs.

are you implying the irish youth wouldn't form gangs GD?
We Irishmen are the paragons of Europe, nay the world! Didnt you know that this was an utopia before nasty immigrants started importing drugs, crime and general nefariousness into our sacred little patch of the world!

Sheesh, we had colleens dancing at the crossroads, prices were reasonable and all the politicians where honest!

:wink:
 

hiker

Well-known member
Joined
May 9, 2005
Messages
1,950
StoneTheIceman said:
georgedillon said:
Uni:
"Massive service sector job losses, massive construction sector job losses, boarded up houses in the communter belt, massive drop in tax revenue which will mean painful cuts in social expendature."

Add in social conflict and violence, as Irish youths clash with Asian, African and Eastern European gangs.
gd
i like that.

not 'irish gangs' clashing with Asian, African and Eastern European gangs.

are you implying the irish youth wouldn't form gangs GD?
some of the muppets can barely form sentances.
I've rarely come accross such a bunch of down-beat, pessimistic, doom-laden.........people. :roll:
In the middle of all this wealth, work and wonder, come this crowd of whinging, weeping, wnakers.


Christ spare me. :shock:
 

angelcountry

Member
Joined
Jun 22, 2004
Messages
54
hiker said:
StoneTheIceman said:
georgedillon said:
Uni:
"Massive service sector job losses, massive construction sector job losses, boarded up houses in the communter belt, massive drop in tax revenue which will mean painful cuts in social expendature."

Add in social conflict and violence, as Irish youths clash with Asian, African and Eastern European gangs.
gd
i like that.

not 'irish gangs' clashing with Asian, African and Eastern European gangs.

are you implying the irish youth wouldn't form gangs GD?
some of the muppets can barely form sentances.
I've rarely come accross such a bunch of down-beat, pessimistic, doom-laden.........people. :roll:
In the middle of all this wealth, work and wonder, come this crowd of whinging, weeping, wnakers.


Christ spare me. :shock:
Absolutely,some people are UNDECATED TUGS sometimes. :lol:
 

cyberianpan

Well-known member
Joined
Jan 18, 2006
Messages
16,347
Website
www.google.com
I wonder about a breakout of these figures. Curious to know about difference between neighborhoods. In particular then to try to plot it against "traffic quality".

Eg will areas along Luas line rise disproportionately ?
will congested areas such as the Lucan Legoplex be adversely affected ?

Also given that I suspect that traffic is becoming a huge factor in house price (only a suspicion) I wonder will core city centre areas remain unaffected & stay rising ?

Also given the forthcoming plans re Luas extensions, rail extensions & potentially a metro: the decision where to route these will cause a dramatic effect on property prices. Some people winning an arbitrary lottery seems unfair to me, however I wonder is there anything "fair" that can be done about it ?

And lastly... if Dublin starts to be allowed to go high rise (as surely must be the intention of developers who purchased land out here in Jury's & AIB in Ballsbridge) ... will this cause traffic blackspots (Rathfarnam, lucan etc, etc) to go even lower in value ?


cYp
 
Joined
Sep 1, 2005
Messages
18
hiker said:
StoneTheIceman said:
georgedillon said:
Uni:
"Massive service sector job losses, massive construction sector job losses, boarded up houses in the communter belt, massive drop in tax revenue which will mean painful cuts in social expendature."

Add in social conflict and violence, as Irish youths clash with Asian, African and Eastern European gangs.
gd
i like that.

not 'irish gangs' clashing with Asian, African and Eastern European gangs.

are you implying the irish youth wouldn't form gangs GD?
some of the muppets can barely form sentances.
I've rarely come accross such a bunch of down-beat, pessimistic, doom-laden.........people. :roll:
In the middle of all this wealth, work and wonder, come this crowd of whinging, weeping, wnakers.


Christ spare me. :shock:
dude, whatever you're smoking...stop!!
 
Joined
Apr 14, 2005
Messages
120
Website
theconservativedubliner.blogspot.com
Universal_001 said:
Massive service sector job losses, massive construction sector job losses, boarded up houses in the communter belt, massive drop in tax revenue which will mean painful cuts in social expendature.
Also, the sky will fall on our heads.

The property market generally follows the economy not the other way around, lads and lasses.
 


New Threads

Popular Threads

Most Replies

Top