I’d well believe it. We bought a house at the start of the year and another house just went up for sale in the same estate that is roughly the same state and size as ours, it’s asking price is well over 15% of what we bought for. Obviously the asking price isn’t the same as the selling price, but it’s unusual for houses in this estate to go for less than the asking price.
I recently got my AIP and started looking for a house, i don’t believe the prices are going to drop too much because the inflation is very high worldwide, but I could see in the region i am looking for an increase of available houses for selling from 21 two weeks ago to 32 today.
For new houses I san see why. Post covid materials shortage has pushed up prices. Second hand home… not so sure.
Anyone know the breakdown between new and second hand?
I hope people are looking at the property price register rather than relying on the Irish times who own movehome.ie. Not saying this isn’t accurate but these chancers have been drumming up the houses prices since 2006 with their property porn articles.
What bubble? This is all perfectly normal and sustainable. Prices can only go up because we have low supply. Basically we are recession proof. /s
And the rest.
I was left a house in my mothers Will a few years back. It was valued at the time (mid 2018) at 200k.
We decided to sell it in mid 2020, valued again at 200k.
Last valuation before sale a few months back, 260k.
That’s a 30% increase.
Honestly probably a bit more on the ground.
We moved house before Christmas with €662k offer accepted in September, put 30k into it.
We got a knock on the door by an estate agent with a flyer saying “Sell now!“ or some shite so we arranged a meeting for nothing more than curiosity. He valued an asking at €795k and hope for an €820k close.
My house is nowhere near worth that but it’s fucking madness that the market thinks it is.
Just for context, the €30k was just an external insulation Jobby, some paint, floors & a few velox lights, so nothing that would add all *that* much value
Houses seem to be going 10%+ over asking prices, which already seem inflated.
8 comments
I’d well believe it. We bought a house at the start of the year and another house just went up for sale in the same estate that is roughly the same state and size as ours, it’s asking price is well over 15% of what we bought for. Obviously the asking price isn’t the same as the selling price, but it’s unusual for houses in this estate to go for less than the asking price.
I recently got my AIP and started looking for a house, i don’t believe the prices are going to drop too much because the inflation is very high worldwide, but I could see in the region i am looking for an increase of available houses for selling from 21 two weeks ago to 32 today.
For new houses I san see why. Post covid materials shortage has pushed up prices. Second hand home… not so sure.
Anyone know the breakdown between new and second hand?
I hope people are looking at the property price register rather than relying on the Irish times who own movehome.ie. Not saying this isn’t accurate but these chancers have been drumming up the houses prices since 2006 with their property porn articles.
What bubble? This is all perfectly normal and sustainable. Prices can only go up because we have low supply. Basically we are recession proof. /s
And the rest.
I was left a house in my mothers Will a few years back. It was valued at the time (mid 2018) at 200k.
We decided to sell it in mid 2020, valued again at 200k.
Last valuation before sale a few months back, 260k.
That’s a 30% increase.
Honestly probably a bit more on the ground.
We moved house before Christmas with €662k offer accepted in September, put 30k into it.
We got a knock on the door by an estate agent with a flyer saying “Sell now!“ or some shite so we arranged a meeting for nothing more than curiosity. He valued an asking at €795k and hope for an €820k close.
My house is nowhere near worth that but it’s fucking madness that the market thinks it is.
Just for context, the €30k was just an external insulation Jobby, some paint, floors & a few velox lights, so nothing that would add all *that* much value
Houses seem to be going 10%+ over asking prices, which already seem inflated.