Nail on the head there Jibber! Not just the loss of mortgage interest relief but the change to the property tax system and the introduction of water charges.

…but before that we need to ensure regulation, proper oversight and accountability to avoid start heading towards another disaster…

Absolutely and totally agree. It just seems genuine perspective buyers are getting their wings clipped by the banks before they even get to the stage of purchasing a home.

have you applied for one? they actually are lending. its easy for people to say there nit, but the fact is they are. just not in a ridiculous way.

Based on real fundamentals the prices of property in Ireland are still overinflated, eg:
rental income (which is being cut),
population (which is declining),
the cost of owning (property taxes etc, which is rising),
standard of construction and location of the properties (which are poor).

It’s such a shame that people have to rely on the same schiesters who pumped up the prices in the boom for their data.

I haven’t applied yet based on the criteria but I have looked into it. I agreed that reckless lending has led us to where we are and I wouldn’t want a mortgage above my means but with the prices continually going down and with legitimate proof to be able to sustain a mortgage, the banks aren’t actually forthcoming with incentives for you to bank with them. That’s personally what I have found anyway.

Still too many vested interests, just as there were during boom times…

With property tax coming next year being valuation based, the government is the main interested in showing inflated prices…

That’s because they’re sites where people advertise property; they only have access to the asking price, not the actual sale price which would usually be lower. So, daft.ie and myhome.ie aren’t puffing anything up, they’re just using the only data they have access to. The fact that these reports are based on asking prices is stated in the first paragraph of the article.

So basically, the report above is not worth the paper it’s written on. Thank you Aoife.

aoife as of yesterday you point is void. the national house price register is now live, so you have full access to the price every house sold for since 2010

because we have a ridiculous high minimum wage and an over generous welfare system. we need to tackle our base costs which will ripple upwards.

Decent? For 350k you should be limiting your myhome search to all residences with a moat.

Sounds loike you want to move to South Dublin loike, oive got a super second goff up for rent in Dalkey. you could come down and loike have a look, oid just need to see all your wads, a stamp from Lillies plus references from an cafe with ‘no’ hot drink and muffin deal and receipts for your yacht and overpriced parma ham……looiike!

I moved from Dublin to Cavan 4yrs ago & couldn’t be happier. Living in the country compared to Dublin is idyllic. Leitrim also a beautiful county as is Donegal.

Unfortunately ann beautiful doesnt really cut it when all your customers, suppliers, friends and family are all within 15 minutes of the m50.

If i was retired sure why not, some massive mcmansion in the arse of nowhere , all id need is a 24 hour garage and a pub and id be set, but for now while im working , as with the majority of people , affordable houses and realistic prices in dublin / dublin commuter towns are a must.

Ok Stephen I see your point in your last statement. What I disagreed with in your first comment was that houses in Cavan, Leitrim and Donegal were useless, to some maybe as in your case but not useless for everybody and to say that these were Counties where nobody wants to live is very untrue.

What exactly do ‘foreign families’ have to do with this story?