Best time to buy in Ireland? - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

Best time to buy in Ireland?

JonnyTwoToes Avatar
banned6y, 2m agoPosted 6 years, 2 months ago
What with all the economic uncertainty over in the Green Isle, house prices crashing etc, do you think it's a good time to buy or do you think'll they'll drop further.

4 and 5 bed detached houses on 3 and 4 acres of land for £300,000

2 and 3 bed cottages on 1 and 2 acres for £150,000

Sound cheap to me.
Tags:
JonnyTwoToes Avatar
banned6y, 2m agoPosted 6 years, 2 months ago
Options

All Comments

(28) Jump to unreadPost a comment
Comments/page:
#1
Def will go down much more, a lot of people in Dublin especially are waiting for the big collapse to happen in the housing market,prices seem to have only come down about 15% in Dublin,most hoping for at least 30% fall to a more realistic level,with all the recent job losses announced and furter tax hikes next month then this is a very real possibility
#2
Every cloud of destroyed lives has a silver lining. oO
banned#3
Bully
Def will go down much more, a lot of people in Dublin especially are waiting for the big collapse to happen in the housing market,prices seem to have only come down about 15% in Dublin,most hoping for at least 30% fall to a more realistic level,with all the recent job losses announced and furter tax hikes next month then this is a very real possibility


Stuff in the south (south of Cork) seems to be really cheap at the moment - be good if it did go down more! (for the buyer that is).

And with the Euro heading in the same direction, it'll must certainly be worth an investment in the near future - whether that be to hire out as a holiday home or somewhere to retire in?
banned#4
Plum
Every cloud of destroyed lives has a silver lining. oO


Destroyed lives?
#5
JonnyTwoToes
Plum
Every cloud of destroyed lives has a silver lining. oO
Destroyed lives?

Where do you think these cheap houses are coming from?
banned#6
LOOK AT THIS ONE for instance.

5 bedroom detached 34 acres for £420k
#7
JonnyTwoToes
LOOK AT THIS ONE for instance.5 bedroom detached 34 acres for £420k

Not sure of your point unless your suggesting the drop in the price of big fancy houses in unrelated to the potential meltdown of the economy.
banned#8
Plum
JonnyTwoToes
Plum
Every cloud of destroyed lives has a silver lining. oO
Destroyed lives?


Where do you think these cheap houses are coming from?


Not sure I understand (or you understand) your point? The majority of these houses are new builds, or unfinished projects...... mostly from people you consider to be capitalists. So that's a good a good thing (from your perspective) isn't it?
banned#9
Plum
JonnyTwoToes
LOOK AT THIS ONE for instance.5 bedroom detached 34 acres for £420k


Not sure of your point unless your suggesting the drop in the price of big fancy houses in unrelated to the potential meltdown of the economy.


Stop being so bitter. It's an evolution. These things happen.
#10
it was only Dublin that had an overpriced housing market, in rest of the country the prices were quite reasonable
sounds like what happens here in England and London doesnt it
#11
It's a buyers market and as the economy there won't bounce back anytime soon while the goverment dithers on a EU bail out

Edited By: tallpete33 on Nov 18, 2010 21:33: edit
banned#12
So on the whole, it's a good place and time to buy?
My thoughts are that it's a perfect place to retire - my mum is originally from Dublin and I've been over there numerous times, down to Cork and across to the west coast. They don't call it the green isle for nothing!

SO, if you had plans to retire at say 60 over here (by that time you've built up a bit of equity and you're mortgage is paid off), am I being too idealistic to suggest buying somewhere over there would enable you to retire earlier? Buying a house outright I mean.
#13
Ideal time to pick up an Irish bargain, Give it a couple of months and there should be some great bargains about.
banned#14
DKLS
Ideal time to pick up an Irish bargain, Give it a couple of months and there should be some great bargains about.


So you think they'll go down even further?

Just had a look at THIS ONE

That's got to be a bargain? Even to rent out as a holiday home?
#15
JonnyTwoToes
DKLS
Ideal time to pick up an Irish bargain, Give it a couple of months and there should be some great bargains about.


So you think they'll go down even further?

Just had a look at THIS ONE

That's got to be a bargain? Even to rent out as a holiday home?


Like it, has to be worth a cheeky bid, Ideal as a holiday home/let. I have some mates who go twice a year on a lads fishing trip, and they will pay handsomely for a decent holiday let, all they need is easy access to a river/lake and very easy access to a pub.

You got me thinking now, seeing as my savings are doing sod all.
2 Likes #16
JonnyTwoToes
Not sure I understand (or you understand) your point? The majority of these houses are new builds, or unfinished projects...... mostly from people you consider to be capitalists. So that's a good a good thing (from your perspective) isn't it?

Clearly trying to obfuscate the issue...

Reality is, Ireland is screwed.. The people of Ireland are screwed.. Which in turn, bottoms the property market.. While some empty new builds may exist, the vast majority of houses on the market will be from families stricken by economic armageddon.

Lets not pretend that anyone looking at purchasing property in Ireland is doing anything but exploiting the situation Ireland and the Irish people are in, in order to turn a profit.

That’s not to say i think it’s wrong, it is the way the world works. The financially secure will always exploit the frailty of the impoverished, it’s not going to change. If i was into turning around properties for profit, i’d be thinking the exact same thing as JonnyTwoToes.

Let’s just not try and sprinkle diamonds over dogshit and hope it doesn’t stink though.

Edited By: spritey on Nov 19, 2010 09:42
banned#17
spritey
JonnyTwoToes
Not sure I understand (or you understand) your point? The majority of these houses are new builds, or unfinished projects...... mostly from people you consider to be capitalists. So that's a good a good thing (from your perspective) isn't it?


Clearly trying to obfuscate the issue...

Reality is, Ireland is screwed.. The people of Ireland are screwed.. Which in turn, bottoms the property market.. While some empty new builds may exist, the vast majority of houses on the market will be from families stricken by economic armageddon.

Lets not pretend that anyone looking at purchasing property in Ireland is doing anything but exploiting the situation Ireland and the Irish people are in, in order to turn a profit.

That’s not to say i think it’s wrong, it is the way the world works. The financially secure will always exploit the frailty of the impoverished, it’s not going to change. If i was into turning around properties for profit, i’d be thinking the exact same thing as JonnyTwoToes.

Let’s just not try and sprinkle diamonds over dogshit and hope it doesn’t stink though.


Some very nice properties at rock bottom prices, that's my only point really.
Good investment opportunities for those outside of Ireland as far as I can see.
banned#18
tinkerbell28
Tbh I have been looking at this.......the properties are going to go for a steal and there are some nice areas to relocate to.

Same will happen here though in a few years.

It stinks that so many people will suffer due and the banks will still keep living it up BUT I was a child in the last harsh recession and knew it would all go belly up this time. House prices here and there were totally unsustainable and most people getting mortgages did not allow for any change in circumstance, it was kind of keep your fingers crossed and hope the good times stay for the life of the mortgage.


Do you think the same will happen here? My thoughts are that Ireland as a whole has two 'major' cities that may be comparable to those of industry here in the UK (Dublin and Cork).
It's a massive area for just two cities of industry value so I suggest tourism is a stronger source of income for the country to focus on.
Therefore, private investors at this moment may be the saving grace of this great little country.

I think the UK has far to many industrious cities to go the same route as Ireland.
banned#19
I'D BUY THAT FOR A DOLLAR!

(or a Euro in this case)

With the Euro declining again today, I think we should ALL move to Ireland. Form an orderly queue!
#20
Link not working Jonny
banned#21
banned#22
Maybe these properties are down to what they are actually worth.

If you are looking for a bounce you may have a long wait...Banks are not lending and giving mortgages as readily as they were....interest rates can only go up and houses where over valued before the slump.
banned#23
slamdunkin
Maybe these properties are down to what they are actually worth.

If you are looking for a bounce you may have a long wait...Banks are not lending and giving mortgages as readily as they were....interest rates can only go up and houses where over valued before the slump.


Looking for more of a retirement home.
banned#24
If you have spare capital to invest then Gold is where the smart money is at the moment...the stock market is making people some very nice gains at present, but the party will stop in the near future which will push the gold price up at a faster rate.
#25
JonnyTwoToes


With the Euro declining again today, I think we should ALL move to Ireland. Form an orderly queue!


Spain seems more appealing, same " housing crash " there.
#26
Now an update for all you thinking about buying here.
Irish government introduced a holiday home tax currently at €200 for each holiday home you have.
This year a household charge has been introduced currently at €100.
Water charges are being introduced and the household charge will go up next year.
The charges do not include the removal of your rubbish bins as per UK this is done by private contractors at a cost of €11 per brown/grey bin or €5 per blue (recycle) bin.
For any house thats not on a public sewage scheme you will need to Register your septic tank. €5 (I think currently)
#27
Now an update for all you thinking about buying here.
Irish government introduced a holiday home tax currently at €200 for each holiday home you have.
This year a household charge has been introduced currently at €100.
Water charges are being introduced and the household charge will go up next year.
The charges do not include the removal of your rubbish bins as per UK this is done by private contractors at a cost of €11 per brown/grey bin or €5 per blue (recycle) bin.
For any house thats not on a public sewage scheme you will need to Register your septic tank. €5 (I think currently)
#28
slamdunkin
If you have spare capital to invest then Gold is where the smart money is at the moment...the stock market is making people some very nice gains at present, but the party will stop in the near future which will push the gold price up at a faster rate.

Gold is at an all time high, we are in a mess right now, why is that a good time to invest in it? Unless something drastic happens, only then will it shoot up.

Ppl are making good gains on the stock market at present, who? Might be worth investing but only long term but can't see anything short term

Edited By: Chidda on Apr 19, 2012 18:30

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!