MichaelDes
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I also believe that over the next 6 months is a good time to purchase an investment property in ireland,buyer markets can be short lived
I give up! Banks will now allow as a maximum 70% LTV, under the current climate for BTL investment. Net cost yields need to be at 7%+ to cover mortgage payments, excluding apartments which have larger management costs. The IO days and self certs are over. The fundamentals of property are five to six times income is bubble territory, and that’s according to vested interest of Nationwide/ONS surveys. So that's the most basic fundamental within the property, now try getting a loan above x4.5 time’s income. Impossible in my opinion to achieve - unless the banks are still mad to give out credit. If you are using other assets as collateral, compared to 12 months ago these are having major write downs and anyhow, each investment must now make sense on its own, to them.
Fundamentals within s/exchange have changed, principally the credit that washed over the markets through crazy hedge fund leverage and consumer leverage is gone. IMO there is no bounce. Markets are on a long term correction without these instruments of credit, madness, intertwined. Good luck though if that's what floats your boat?
I'm not a doom merchant, far from it. But 12 months from now across many asset classes, real value will only emerge. Patience is a virtue. As mentioned previously by other posters, a month or two of +ive growth to confirm things rather than -ive, would be my view only. No one is trying to buy rock bottom, that's near impossible.