Spot on.

I’d go further and say that any report from those with a vested interest should be taken with a pinch of salt

+1 crooks looking to level off the property tax so they can value your house and also looking after there & there friedns misguided greedy property portfolios. Its just all so transparent.

Thanks for that feed !
Like you said it’s nice to get an independent view.
As I’m in Connaught it was good to see the comparisons with the other provinces.
It seems to me that the trend is moving up. Not like the ridiculous hikes in the last decade but a very slow rise in prices over the next 3-5 years .
Also rents I believe will rise in accordance with the property tax – only by say 5% over next 2 years .

Best. Name. Ever.

The reality is that people who want to purchase can’t purchase due to limited credit being made available. As a result these first time buyers are staying in the rental market putting more demand on rental properties. This in turn has led to rental increases across the cities as there is a shortage of decent and half decent property. If you search for a similar property you are living in now I would image if you find one that it’s priced above what you are currently paying. It’s unfortunate as a tenant but thank yourself lucky that you didn’t purchase in the past and now being stuck in negative equity.

Talking it up didn’t work for Fianna Fail a few years ago…getting ready for the double dip

Move to a cheaper place maybe?

I know at least 3 or 4 couples that bought in last 6 months so how is nobody buying? They don’t even have good jobs as far as I know.

I’d think about it myself my problem is though I struggle to save any deposit money as my rent and outgoings are high. Ironically having mortgage it would be less financial burden fir me than rent as simply it would be cheaper. I wonder how geniuses in bank don’t see that when looking at applications. Guy is able to pay 12 hundred rent for past 2 or 3 years… No surely he can’t afford 900 a month mortgage.

Comparing renting with a 35-40 year mortgage when the ECB is at a historical low is disingenuous.
Which Estate Agent do you work for??

@ Fizi-Water

Gathering: I don’t work any real estate and I can tell you right away I don’t know a lot about mortgages however can’t see rates of this mortgage be any higher than rent and also you have some return as you own property in the end. So explain me how in the world renting is better if this is what you’re suggesting?

The price of Irish residential property has fallen for the last 5 years Fizi and it is is continuing to fall to until it reaches a real price based on REAL fundamentals.
According to the banks there are approx. a quarter of a million homes (and counting) are due to be repossessed in the next couple of years, this will send the market down further.
Banks are doing backroom deals for 10-20c in the Euro on on mortgage debts,(what effect does this have on the value of a home)
No wealthy foreigners will touch Irish property with a barge poll because of their overinflated prices and substandard construction and regulation.
Why buy now when you can rent for now and buy for €50-€100k cheaper in a few years?
Interest rates are at an all time low and they can and will go up.It is apparent that the only way is up when it comes to interest rates.
Trackers are no longer available, so you are at the mercy of your corrupt banker as to when he decides to increase your interest rate.
Some areas and estates have basically become unsellable.
I’d take a long hard look at a house, before I signed into a 30-40 year mortgage these days, as it might be the last mortgage and house that I purchase.
If something is bad value and unaffordable,does getting a 30-40 year loan from a snake banker to buy it, immediately make it good value and affordable?

It’s time the govt did something to help the South-East, statistically the highest unemployment & no university. We lots about the BMW regions but never anything to help our most disadvantaged area. Upgrade WIT to university now & hands off WRH.

Thomas, I think you’ll find Ireland’s most disadvantaged area is the north west.

Yep real dis advantaged with houses the size of Buckingham palace. Hold on while I cry a tear.

Another F**ing report?????
It’s amazing the lengths that our corrupt banks, their Estate Agents (receivers) and their cronies will go to, just to get rid of a few badly built S*** Holes.

House buying is not for everyone – my parents have rented for 43 years in the same house ! Great neighbours and relative affordable rent.
Ireland is not over valued – a price correction is happening . It will go up (prices as opposed to value) as fewer houses are being built presently .
Irish rents are relative to incomes especially in rural Ireland – as someone who has rented a 2 bed flat in outlying London for €850 PCM and €100 p/w travelling expenses – Ireland is still better value !
I actually think this is a good time to buy – as mortgages are relative to your income now not like in the last decade.

Why are you comparing dublin to london? london is on a different palnet compared to dublin!!! …and thats coming from a dub. Have you ever been to London? Its lighyears ahead in every aspect. And its an awful time to buy. Wait until the end of 2013 early 2014 to see how things stand. The cost of owning and maintaing a house in ireland is ridiculous and i would warn people of it before listening to vested interests.

As I said in my post – I’ve rented in London in the past and its no joke – it’s well over valued and so is its house prices- I own a house here and in terms of value I’m much better off .