Wonder if I can get some learned opinions from experienced folks based in Ireland. I am from London and have been reading about the continuing decline in property prices so figured that if one could correctly guess the bottom of the market and try and buy a property then there is a strong chance that when recovery comes then the only way for prices is upward.
Am I right or am I wrong?
1) Are we anywhere near the trough yet. I notice Knight Frank state that prices fell 15% in 2010.
2) Is Dublin good value yet? (e.g. In London we're back to 2007 levels). What are rental yields?
3) Will Irish banks lend to a Brit for BTL in the current climate.
4) What do you folks on the ground feel? Will you be buying property in Ireland anytime soon? Or have you gone off the idea? Might we be looking at long-term sluggishness here?
Very interested on your views.
Am I right or am I wrong?
1) Are we anywhere near the trough yet. I notice Knight Frank state that prices fell 15% in 2010.
2) Is Dublin good value yet? (e.g. In London we're back to 2007 levels). What are rental yields?
3) Will Irish banks lend to a Brit for BTL in the current climate.
4) What do you folks on the ground feel? Will you be buying property in Ireland anytime soon? Or have you gone off the idea? Might we be looking at long-term sluggishness here?
Very interested on your views.
