Comments on: MyHome Report #3 – 25/03/07 – 799 Price Drops Detected

By: megan fox

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By: sandrar

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By: james kiernan US ( 916-717-2119 )

james kiernan US ( 916-717-2119 ) — Tue, 03 Apr 2007 12:58:20 +0000

Sirs,
I was wondering when my feelings that the property market was on unsound footing. I myself do not own a house in Ireland but live in rental property in the stillorgan area. I have been in the same property for almost seven years. My rent has not significantly increased in that period and would have probably have bought into the market had the right house come along. I had given my wife a house purchase criteria, which she has not been able to achieve yet although I deliberately made it difficult. The low standards in building quality have also prevented us from buying. We visited an open house sales day at Eden Gate delgany and were not impressed. Tiny rooms with bump into obstacles like stairs ceiling pitch no room for furniture. I did however buy land in county Wicklow to build a house on in two locations over the past seven years, which I cannot get planning permission for because I do not work in the county or live there. However my ancestors are buried all over the dam place. I currently work in the US and live in Ireland and commute back and forth every two to three weeks. I am currently in Wisconsin writing this email where believe it or not you can buy a decent house on an acre for about $50,000. I am currently trying to return to Ireland but find little or no jobs that suit plus nowhere to live. But I did make one good decision a year ago. I used the money I had put aside to buy a house and bought 20% stake in a UK Engineering company. Which at the time I was told was very risky by all my business pals in Ireland including my bank. Originally I was wanted to start a company in Ireland but got no support or help from any of the agencies like IDA etc. The answer was always we are not investing in that sector currently or some other bull. I know I probably paid slightly more for the partnership but as luck would have it business is doing good in fact really good. I have now lost interest in building that dream house in Wicklow and am looking at property in the UK where I do not want to live but might not have any other options as the business in the UK is now a priorty.
Regards James Kiernan

By: » Wicklow Property Price Snapshot show a €1million drop in asking prices - Wicklow

Sun, 01 Apr 2007 14:45:27 +0000

[...] latest report from Irish Property Watch includes 27 properties in County Wicklow that have reduced asking prices. The total price drop of [...]

By: irishpropertywatch

irishpropertywatch — Thu, 29 Mar 2007 10:12:52 +0000

“Any chance you could include the weekly numbers of houses for sale on myHome as a footnote?.”

Shane I could do this really easily, However.. if you’ve kept an eye on the media recently, you’ll see there’s been some battles between the property sites over just who has the most properties for sale etc. I don’t want to (a) pull this this site into that debate and (b) to be recieving any legal papers from anyone upset that I’m questioning the figures they use in their advertising etc.

Make sense?

By: irishpropertywatch

irishpropertywatch — Thu, 29 Mar 2007 10:08:11 +0000

““The Distillery, Distillery Road, Off Clonliffe Road, Dublin 3.” entry is an error, it notes 442,500 dropped to 365,000 but this is actually the two and one bed appartment prices respectively”

Good spot Tad. This is the ‘new build’ fallacy that creeps into every report (see previous comments on other reports). What happens is that a single MyHome ‘page’, is re-used by an Estate Agent to advertise what are in fact two different properties. In the case you’ve pointed out, a two bed & a one bed in the same development.

By: Tad

Tad — Thu, 29 Mar 2007 07:43:51 +0000

Oh, and keep up the good work, great site!!

By: Tad

Tad — Thu, 29 Mar 2007 07:43:05 +0000

“The Distillery, Distillery Road, Off Clonliffe Road, Dublin 3.” entry is an error, it notes 442,500 dropped to 365,000 but this is actually the two and one bed appartment prices respectively. I would imagine the same for the “Northern Cross, City Junction, Malahide Road, Dublin 13.” entry too.

By: Shane M

Shane M — Wed, 28 Mar 2007 22:38:25 +0000

Any chance you could include the weekly numbers of houses for sale on myHome as a footnote?.

Inventory is growing at a very fast rate on daft (http://daftwatch.atspace.com/) where the number of units for sale have increased by approx 130% since August 2006.

Im curious to know if that is just the result of a very sucessful sales team at daft or if myhome are also seeing the same rates of growth .

By: Clare

Clare — Wed, 28 Mar 2007 14:44:50 +0000

Hi,

I am working on a doucmentary series for RTE ONE Television and am interested in talking to people who have had to drop their asking price in the past few months. If you would like to tell me your story please email cridge@tyrone-productions.ie

Thanks

Clare