And last weekend was the first viewing of a 4 bed detached on Ballymun Road (yes Ballymun Road!!!!) quoting €1.5 million (aka €1.8 million) but unfortnately it needs a lot of work!!! Stampers will bring it up to a round €2 million before the wife gets to work on it http://www4.myhome.ie/search/property_features.asp?id=262141&np=&type=pa&extraid=560029postmodern said:just last week a semi-detached house in Cremore Road Glasnevin D11 sold for 1.25 million!!! Finglas houses still command a much lower price.
thats actually a 2.57 per cent gross rental yield but i agree its still pathetic. but dont you know irish house price can never go down!postmodern said:Ballymun road is such a long stretch - to try and say that the Glasnevin end is anywhere like the Towers is silly - a bit like saying Templeouge Road is in Tallaght or Ailesbury Road is in Irishtown!!!
The entire market is due a sever correction in any case - rents are relatively static - its only a matter of timing when investors realise that the buy to let is uneconomical. An example: House on Glasnevin Avenue sold 630,000 two weeks ago - that same house is now renting at 1,350 per month - works out at a return of 0.25% per annum!!! Completely unsustainable and illogical.