Speculating about the future of property prices is verboten here. Everybody's got to leave their crystal balls at home, and talk about situations as they stand today.With the changes in central bank rules for people trading up not sure how things will look in relation to demand and if people think large semi-d or detached houses will reduce in price at least in the short term (say next 3-6 month).?
You are probably right we never really looked at it like this (the playing it safe angle). There seems to be a high inclination on the site to hold onto a property if you have a good tracker which is why I thought it might be best to keep the house in Dublin. Also with the majority of work in Dublin I thought I may even need the place at some point.Imagine you walked into a financial adviser tomorrow, and he told you he was going to invest 95% of your money in Irish Residential Property and 5% in cash. Is there a word that means the opposite of diversified? If I were in your shoes, I'd consider selling in Dublin and buying the Cork house with cash. With no debt in your life, you've got plenty of time to invest diversely for college and retirement. You're in a good situation. Holding onto the Dublin house is probably more mathematically efficient, but you can afford to play this one safe.
There seems to be a high inclination on the site to hold onto a property if you have a good tracker which is why I thought it might be best to keep the house in Dublin. .
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