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THE ESTATE AGENTS behind the now-infamous estate in north Dublin that saw a handful of buyers camp out to buy homes believe that we’re not seeing “a return to the queue”.
All two-bed houses at the Miller’s Glen estate in Swords are now reserved or sold, with one four-bed and seven three-bed remaining.
A total of 45 are now reserved, and a spokeswoman for Sherry Fitzgerald said that are expected to sell the remainder in the coming week.
“We weren’t expecting them to sell-out straight away,” she told TheJournal.ie. She described the weekend as “very very busy” as it was the first new housing development in north Dublin in some time.
She stressed that only a tiny minority of people were queuing for homes, all for their own reasons, and that it is likely to have been an isolated case.
I don’t think it’s going to be return to the queue.
“There was unbelievable media interest in a few people queuing outside a development, but it’s not something we’re encouraging.
We didn’t feel there was ever a need for anyone to queue, there were plenty of homes to go around.
Writing in yesterday’s Sunday Independent, the head of the State’s advisory body on housing said he expects the recent surge in house prices to slow down.
Conor Skehan wrote:
Property prices are always increasing, as they always do after a crash.
“But this increase has a natural braking mechanism that is already evident — low house prices caused many people to defer selling or moving but as prices increase the number of sales are increasing too.”
The most recent figures from the CSO show the cost of buying a home in Dublin is almost 25% higher than this time last year, prompting fears of a return to the property bubble.
A major shortage of supply in urban areas is being blamed.
Analysts have previously described the market as “frothy”, warning of a return to a property bubble.
“A lack of supply of houses is pushing up prices, particularly in the Dublin area, something which the Fine Gael/Labour government hopes to address,” Alan McQuaid, Merrion Capital’s chief economist, said.
Clearly, there is an element of housing froth at the moment which is pricing many first time buyers out of the market.
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Ahh this is pathetic, how many articles are ye going to do on this housing development?
Spot on mate.
Poorly constructed, undersized overpriced shoeboxes, with pool-table-sized gardens (if any)
built in soulless estates that may never be completed, with 30-35 year floating SVR jokebanker mortgages attached.
Built for the sole purpose to put a false floor in our failed banks mortgage-book values.
How obviously pathetic.
Who values these pigeonholes for mortgage purposes?
Who finances bust failed developers to build these type of shacks?
Because they certainly aint using their own money.
This is blatant media driven bs and people don’t eat up the scare tactics like they used too
People want to be sensationalist but it’s too early to be worrying and perhaps rushing into a government response which only makes things worse.
When was the last time a new development in the Dublin area which has reasonably priced starter homes come on the market? If people kept their jobs (80% did) and have been saving through the recession and they have partnered up and had kids then they are going to need somewhere to live.
We need more housing developments to be built but developers haven’t been able to access the finance to build long term large projects. Cherrywood is still mostly a wasteland despite being 20 minutes to Leeson street on the N-11 or 37 minutes by Luas to Harcourt street. It’s on the M-50 and close to plenty of employment in places like Sandyford. A hugely profitable project for whoever can get the billion euro it would likely cost to finish.
“There was unbelievable media interest in a few people queuing outside the development” says it all really
As my dad says “almost never puts the cow in calf”, get back to us when they’re all sold!
Je$us, it wouldn’t post my comment ["error posting your comment"] and then suddenly it posted it 3 times.
I thought it was because I used the word bullshit.
I just thought you made sure we got the message…I did!
Yes. Its sad to see people queuing to part with their hard earned cash so readily. It might be better to let the developer sweat for a few weeks with the door open, but no one coming into the shop. The Queue on the street is the developers cue to extort the queuers.
“Almost all sold”.
Translation: that’s probably 30-40% sold really when you strip the media buIIsh!T away. Journal.ie is owned by Daft.ie so that might have something to do with it.
It’s a bit weird that it’s called Miller’s Glen.
Glen Miller had a hit song called “Fools Rush In”.
Maybe they thought it was Glen Miller’s home that was for sale
“Almost all sold”.
Translation: that’s probably 30-40% sold really when you strip the media buIIshit away. The Journal is owned by Daft so that might have something to do with it.
It’s a bit weird that it’s called Miller’s Glen.
Glen Miller had a hit song called “Fools Rush In”.
Every time I see this story I think of Glen Miller too!
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