No it is not in my view. These types of reports are two a penny and invariably not worth the paper they are written when produced by stockbrokers. This is akin to Blodget recommending tech at atmospheric/no p/es in 2000 in an effort to shake out property investors into equities.This is big news and a brave position to take.
This would be big news though albeit most unlikely in view of vested interest!Goodbodies is going to have to downgrade almost all the best selling domestic stock (Bank of Ireland, Kingspan etc.).
dieter1, that 24.7% reduction was some achievement, even in the current market. Any particular negotiating tips or tricks? How did you play it?
I can hear the equity sales desk at Goodbodies screaming from here.
thanks, I will start at 500k and include those arguments, I know by the estate, location and setting of the house that I would buy it, decor is changeable and would sooner apply a few buckets of magnolia than pay for recent floral wallpaper decor....
how things have changed from the phantom bidders upping the prices of houses not too long ago!
It is that strange attitude that needs to change in this country before you can start contemplating a normally functioning property market.
Some say strange others would call it realistic. What would you desribe as a normally functioning market?
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