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    Best time to buy in Ireland?

    Banned
    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.

    28 Comments

    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

    Every cloud of destroyed lives has a silver lining. oO

    Original Poster Banned

    Bully

    Def will go down much more, a lot of people in Dublin especially are … 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?

    Original Poster Banned

    Plum

    Every cloud of destroyed lives has a silver lining. oO



    Destroyed lives?

    JonnyTwoToes

    Destroyed lives?



    Where do you think these cheap houses are coming from?

    Original Poster Banned

    LOOK AT THIS ONE for instance.

    5 bedroom detached 34 acres for £420k



    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.

    Original Poster Banned

    Plum

    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?

    Original Poster Banned

    Plum

    Not sure of your point unless your suggesting the drop in the price of … 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.

    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

    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" 18th Nov 2010

    Original Poster Banned

    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.

    Ideal time to pick up an Irish bargain, Give it a couple of months and there should be some great bargains about.

    Original Poster Banned

    DKLS

    Ideal time to pick up an Irish bargain, Give it a couple of months and … 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?

    JonnyTwoToes

    So you think they'll go down even further?Just had a look at THIS … So you think they'll go down even further?Just had a look at THIS ONEThat'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.

    JonnyTwoToes

    Not sure I understand (or you understand) your point? The majority of … 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" 19th Nov 2010

    Original Poster Banned

    spritey

    Clearly trying to obfuscate the issue...Reality is, Ireland is screwed.. … 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.

    Original Poster Banned

    tinkerbell28

    Tbh I have been looking at this.......the properties are going to go for … 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.

    Original Poster Banned

    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!

    Link not working Jonny

    Original Poster Banned

    Bully

    Link not working Jonny



    No? Try this rightmove.co.uk/ove…tml

    Banned

    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.

    Original Poster Banned

    slamdunkin

    Maybe these properties are down to what they are actually worth.If you … 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

    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.

    JonnyTwoToes

    With the Euro declining again today, I think we should ALL move to … 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.

    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)

    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)

    slamdunkin

    If you have spare capital to invest then Gold is where the smart money is … 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" 19th Apr 2012
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