sonar said:We went sale agreed on a south Dublin house several weeks ago but for various reasons haven't signed yet.
This can't happen very often but the house a couple of doors away came on the market (different EA) during this time and it is identical in almost every respect.
There's very little interest in it and the best bid to date on this one is nearly E45,000 below what we went sale agreed on !
Handbrake ON !!
whathome said:Has anyone noticed marked increased supply and a slower market in recent weeks?
We have been very active in looking for our next house since February. We are sale-agreed on our current house, we had been getting worried about rising prices and lack of supply during our search for somewhere to move to. In the last four weeks however, things seem to have turned slightly, certainly in the areas we're focused on in north east Dublin. Could it be concern about the interest rate rise next week?
In the past few weeks, we've noticed:
- Properties staying on the market longer
- Some price reductions
- Fewer people at viewings
- Less aggressive bidding wars
- Properties coming back on the market having been sale-agreed
- Far more houses for sale in general
- Increased withdrawals at auction
- Higher proportion of ex-rental investment houses on the market
Has anyone else noticed this recent trend? We are getting quite concerned about committing to a larger mortgage should this be early indication that the market has turned.
And look what happened since then. Markets fluctuate. Big deal.Neffa said:The UK bubble started to pop in 89 when buyers simply couldn't meet the prices any more - even with IO loans, parental help, first year discounts etc. etc. Then interest rates rose and there was an 8 year slump.
I'm waiting for the slump, then I'm going to buy two, and sell one at the next highClubMan said:And look what happened since then. Markets fluctuate. Big deal.
ClubMan said:And look what happened since then. Markets fluctuate. Big deal.
Surely not, I was watching househunters last night, where the lady was advising a couple who'd sold up in clondalkin and had bought down in Carlow somewhere, they were hell bent on getting the rest of their money into an investment property. Anyway, they were taken to Waterford where the adviser was quoting 850per month for a student 3 bed semi, 700 per month to families (longer than term time), massive rental demand from students, professionals and best of all, capital appreciation of 10% or 15%. So she pointed out to them that if they paid 200k, it'd be worth maybe 230K next year!!The rental market is very weak generally down there from what I can see.
Glenbhoy said:RE: Waterford:
massive rental demand from students,
Glenbhoy said:RE: Waterford:
massive rental demand from students
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