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Irish property market...
Experts say that prices have halved in some parts of the country (Dublin included).
Would you be tempted to buy a home or have you got one to push? Rental rates
came down a lot too! Or given the temporary nature of life, you'd rather just pay a bit
of rent in Spain or Portugal, kick back, smoke some 'erbs?
To be honest, I expect prices to fall further. Irish property still seems overpriced compared to comparable countries. The same applies to rents, but they didn't grow as fast and therefore haven't fallen as fast.
“I wish you wouldn’t keep appearing and vanishing so suddenly; you make one quite giddy!”
“All right,” said the Cat; and this time it vanished quite slowly, beginning with the end of the tail, and ending with the grin, which remained some time after the rest of it had gone.
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Hi El Gordo!Originally Posted by El Gordo
if they fall any further, its going to make the caravan market look dear!
In many parts of the US house prices are in the $10,000-$20,000 range. I'm not saying it will happen here, but it's worth thinking about.
“I wish you wouldn’t keep appearing and vanishing so suddenly; you make one quite giddy!”
“All right,” said the Cat; and this time it vanished quite slowly, beginning with the end of the tail, and ending with the grin, which remained some time after the rest of it had gone.
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The experts, almost all of them, also predicted a soft landing for the property market so I don't have much faith in them - I bought into the property market in 81 so I am one of the lucky ones that are not hurt by negative equity - prices are going to fall further and don't expect to see them bottom out till year 2020 at least - the fall off will lessen but fall they will.
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No-I don't wish to see it that way Thomas! declines until 2020? No! remote areas that had
large estates built-that never should have been-will struggle to find a new value.
But cities have to perform differently. Colleges, hospitals, factories need housing near them-
there is reasonable demand! Not just being near grandma and your old rural community-that was
a luxury, back when we were up with the Jones'. Fuel/transport costs affect these areas as well.
Last edited by warmcome; 14-07-10 at 13:03.
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Prices will come down alot further in the next year I'm sure. If theres anyone left with any money it will be a good oportunity for them to invest. There won't be a better time to buy.
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kelly curvybabe (14-07-10)
I don't think prices will get as low as Detroit, Michigan ($10,0000-$20,0000) and those prices are a bit generous; Now would be an ideal time to buy there and tunn the land into farm land, but regarding Ireland, prices might get as low as they were pre-Celtic Tiger.
Damn im getting bloody good at this fortune telling stuff.
Ill be Westie 500 soon,
Westside.
Out of curiosity I just took a quick look through some Detroit listings. It seems things are worse than I thought. Detroit real estate & Detroit homes for sale | Single family homes,Condos,Townhomes,Co-ops - REALTOR.com®I don't think prices will get as low as Detroit, Michigan ($10,0000-$20,0000) and those prices are a bit generous
“I wish you wouldn’t keep appearing and vanishing so suddenly; you make one quite giddy!”
“All right,” said the Cat; and this time it vanished quite slowly, beginning with the end of the tail, and ending with the grin, which remained some time after the rest of it had gone.
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