Residential Property Prices Dropped
Sun, 02/20/2011 - 11:16
by mouse4u1I recantly stumbled across a small story on residential property prices had dropped by £164,000 so the story said.
I was totally amazed by this large amount. Now that is not good if you are wanting to sell your home to move to a different area for example.
I personally would look at the option of swapping a bought home to the same value and ok if you both have some mortage to pay on it then that comes with you and of course do it all leagally and what have you then that way you don't loose out.
But that amount of money is far to much to loose of a property. So I guess you either loose out or you just sit still until prices start to climb again but from the state the country is in may well be a long time.
I don't think anyone will be wanting to sell to soon if they are loosing that sort of money.
View answers to similar questions
This content is aggregated from other web sites. Please see our terms of use.
Why has Dublin had so much construction?
I've emigrated to Britain 13 years ago and I hadn't been to Dublin, my home town since then. I had a few family problems and didn't want to return there.
I was there recently and I couldn't believe how much it has changed. You get greeted by the jaw dropping Terminal 2 at the airport and the city has almost doubled in size. Where in the past were run down buildings now you have all shiny office developments everywhere and huge residential areas in the suburbs, which were nothing more than fields 10 years ago.
It's row after row of clean new houses and glassy blocks of flats. I know the property market went bust but I've heard it's the best time to snap up trophy properties at such low prices.
Why did Dublin had such a construction boom? Whatever the problems, I think it changed the city for the better, it's much better looking with the new developments.
My family were born and bred in Dublin until they came to the UK in the 60's. Even 10 years ago, my grandmother was shocked at the changing landscape and buildings.
When myself and Aunty went over 3 years ago after not visiting for some years (I was born in the UK), the first shop I went into, I was greeted by someone from the EU lol
Not the dinky place I remembered LOL
Like London, construction, brings in jobs, new homes, new facilities, new looks to areas and places that need regeneration and new jobs and homes, therefore brings even more money into the area.
A lot of building seems to have gone on and there are also a lot of economic migrants who also are then settling down over there.
The last time I was there, the taxi driver was telling us about how much of the building has stopped because of funding and economic problems, so if it's started up again, that's good news!
The government obviously felt that ploughing money into construction would pay off in the end, and my feeling is, that is has!
I hope to go back again sometime soon and have another look around!Why has Dublin had so much construction?
I've emigrated to Britain 13 years ago and I hadn't been to Dublin, my home town since then. I had a few family problems and didn't want to return there.
I was there recently and I couldn't believe how much it has changed. You get greeted by the jaw dropping Terminal 2 at the airport and the city has almost doubled in size. Where in the past were run down buildings now you have all shiny office developments everywhere and huge residential areas in the suburbs, which were nothing more than fields 10 years ago.
It's row after row of clean new houses and glassy blocks of flats. I know the property market went bust but I've heard it's the best time to snap up trophy properties at such low prices.
Why did Dublin had such a construction boom? Whatever the problems, I think it changed the city for the better, it's much better looking with the new developments.
Why?
Easy credit, it's as simple as that.Why has Dublin had so much construction?
I've emigrated to Britain 13 years ago and I hadn't been to Dublin, my home town since then. I had a few family problems and didn't want to return there.
I was there recently and I couldn't believe how much it has changed. You get greeted by the jaw dropping Terminal 2 at the airport and the city has almost doubled in size. Where in the past were run down buildings now you have all shiny office developments everywhere and huge residential areas in the suburbs, which were nothing more than fields 10 years ago.
It's row after row of clean new houses and glassy blocks of flats. I know the property market went bust but I've heard it's the best time to snap up trophy properties at such low prices.
Why did Dublin had such a construction boom? Whatever the problems, I think it changed the city for the better, it's much better looking with the new developments.
Why, because some years ago Ireland set up a series of economic decisions that created a short term boom. It was called the Celtic Tiger economy
Companies were encouraged to invest with zero or low taxes and 'low' labour costs. 'Ordinary' people were encouraged to save with tax free advantages. The EU chipped in for infrastructure.
A huge housebuilding expansion started, I saw people queuing in cars for days waiting to get their name on a new house development, this fuelled house price inflation, when prices became unsustainable, it all collapsed
Wow Mouse that is a lot of money to loose of the value of a property. I don't own one but hell that is still hell of a lot of pound signs.
I also can't see anyone wanting to can't see why anyone would want to sell there property now loosing that much.
Fred