Daft Property - Irish Property News

The new property reality... Like many things these days, the chances of selling a property seems to boil down to one factor: putting a realistic price tag on it and then being willing to take less than that. For estate agents around the country the last six months have been their worst nightmare. The younger generation of property professionals has never encountered the frustrations of the kind of market in which they are now operating. In the last six months there has been a growing body of buyers who are ready with mortgage approval or cash in the bank. These potential buyers have been tentatively viewing properties, and some even made offers. Then the daily diet of bad news increased and they evaporated back to the arms of the rental market - or their parents spare rooms - to sit it out. So what properties have sold in the last six months, the toughest months in a generation? The answer seems to be those that are 30 to 40 per cent cheaper than houses were on the same streets and ro...

Falling prices represent new reality... At the end of last year, estate agents and vendors alike were reeling from the price drops that the market had experienced during 2007. But although they were shell-shocked, many industry experts were predicting that the rate at which prices were dropping would slow during 2008, and that prices would stabilise. Twelvemonths on, that now seems like nothing more than wishful thinking. The banking crisis, soaring unemployment and extremely poor consumer confidence have all resulted in the market having one of its worst years in living memory, a fact underlined last week by a survey which found that 80 per cent of estate agents were selling less than three properties a month. Even those potential buyers who are interested in buying are finding funding increasingly difficult to source, although observers are hopeful that the European Central Bank’s (ECB) policy of aggressive rate cuts will go some way towards alleviating that problem. With asking pric...

"Immigration is now not merely the dominant feature of Irish life, it is the greatest threat to the existence of the Irish nation as a coherent, and cohesive whole" "No country has ever accepted, never mind assimilated, the volumes of foreigners now present in this state. We have some 400,000 legal immigrants; but everyone knows that the army of illegals, especially Africans and Chinese, is vast, and probably tops 200,000. In all, Ireland has received at least 600,000 immigrants, most of them within the past five years. It could be many more. No one has the least idea. In the US, such immigration would translate into an inward population movement of 45 million. In the UK, the figure would be nine million. Needless to say, neither state would be so idiotic or feckless as allow such vast numbers to enter. Only Ireland would be so idiotic and so morally lethargic as to allow such massive inward population movements. And of course, we haven't got the resources to cope wi...