house prices

Old Jul 26th 2018, 4:23 am
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Default house prices

We have been looking to move to Ireland in the near future and have been looking at cottages for sale in quiet areas...I was quite alarmed to see on checking the latest listings that prices suddenly seem to have shot through the roof....or is it my imagination???

John
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Old Jul 26th 2018, 7:56 am
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Default Re: house prices

Originally Posted by flyer1946
We have been looking to move to Ireland in the near future and have been looking at cottages for sale in quiet areas...I was quite alarmed to see on checking the latest listings that prices suddenly seem to have shot through the roof....or is it my imagination???

John
In the past year alone prices have increased by 13% on average. Since we bought during crash, prices have gone up every year, although it was mainly the cities and especially Dublin + commuter towns along the coast.
Because Dublin got so expensive, people have looked at other places where they can get more house for their money, so even midland towns have seen huge increases. Then of course any city like Galway, Cork and commuting areas have seen huge increases. Don't forget that prices have been so low after the crash, it's only natural that they have gone up and I still feel there are plenty of quite areas that offer good value for money. Of course being in any place that has seen huge employment growth/is popular with tourists, will not be cheap anymore. What areas are you looking at?
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Old Dec 9th 2018, 3:28 pm
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Default Re: house prices

Originally Posted by Moses2013
In the past year alone prices have increased by 13% on average. Since we bought during crash, prices have gone up every year, although it was mainly the cities and especially Dublin + commuter towns along the coast.
Because Dublin got so expensive, people have looked at other places where they can get more house for their money, so even midland towns have seen huge increases. Then of course any city like Galway, Cork and commuting areas have seen huge increases. Don't forget that prices have been so low after the crash, it's only natural that they have gone up and I still feel there are plenty of quite areas that offer good value for money. Of course being in any place that has seen huge employment growth/is popular with tourists, will not be cheap anymore. What areas are you looking at?
Compared to London and the whole South East of the UK, properties to buy are still cheap. The reason I believe is, that there are only two or three major banks around offering mortgages. Mortgage applications seem to be approved very very conservatively. Even a married couple, both having highly skilled and regular work will find getting a mortgage difficult. I think that's one reason, why the rental market in Dublin and other cities is so overblown. If buying is an option for you, then buy.

However the possibility of a hard/no deal Brexit is likely to have an impact on the Irish economy and also quite possibly the house prices in the republic.
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