'For what it's worth' the concept of property prices.

There is an unusual disparity at the moment in the property auction market versus the rest of the market, and that primarily lies in the level of houses being withdrawn from auction, in the Irish Times there was a list of properties up for auction, of note, and what wasn’t mentioned in the story was the degree to which properties are being withdrawn. Out of the 32 properties listed 20 were withdrawn, and that means approximately 62.5% must not have been meeting their required price.

of the 12 properties listed in South Dublin only 1 sold, this could be looked at several ways, on one hand the properties in on the South side may be priced into a market that is not accessible to most people to begin with (one listing was €12 million), another is that perhaps the prices there are just too high and they appreciated too fast.

In North Dublin and West Dublin every property listed sold, and again, this can be interpreted different ways, on one hand the prices are …

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Do you need a ‘Reality Check’? Property prices rationalise.

According to Britain’s largest property portal Rightmove.co.uk sellers need a ‘reality check’ when selling their according to a story published by Reuters. In the UK the unsold property stock has reached record proportions, currently it is seeing 35,000 per week come online, rightmove have about 90% of the property listed on the market on their site so it’s an even better indicator than our own versions which would be daft.ie and myhome.ie.

They have said that people need to embrace ‘smart pricing’, here we have taken to calling this ‘priced to sell’ or ‘price adjustment’ but in the end of the day the message is clear, drop your prices if you want to sell. The interesting aspect of the rightmove analysis is that many of the people advertising property are trading up and although they want to buy at a bargain they want to sell for the highest price attainable, its an interesting juxtaposition.

I think we are seeing the same thing in Ireland with sellers hoping for high …

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Do you need a 'Reality Check'? Property prices rationalise.

According to Britain’s largest property portal Rightmove.co.uk sellers need a ‘reality check’ when selling their according to a story published by Reuters. In the UK the unsold property stock has reached record proportions, currently it is seeing 35,000 per week come online, rightmove have about 90% of the property listed on the market on their site so it’s an even better indicator than our own versions which would be daft.ie and myhome.ie.

They have said that people need to embrace ‘smart pricing’, here we have taken to calling this ‘priced to sell’ or ‘price adjustment’ but in the end of the day the message is clear, drop your prices if you want to sell. The interesting aspect of the rightmove analysis is that many of the people advertising property are trading up and although they want to buy at a bargain they want to sell for the highest price attainable, its an interesting juxtaposition.

I think we are seeing the same thing in Ireland with sellers hoping for high …

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People queueing to buy while 310 million is wiped off the property market

according to Irish Property Watch €310 million euro was the total amount that prices on the popular property website Daft were reduced by in from last March until this February. This looks at properties listed in the 26 counties and then the total amounts that the asking prices were decreased by and then adds them all up, in percentages the average was -7.6%

However there are a few things to bear in mind, firstly, The market is probably getting used to the idea of more realistic asking prices, the market has without doubt slowed down in the last 12 months and there probably is tendency of people who are listing their property for the first time since the slowdown began to price optimistically and then after an initial period to price more realistically or ‘price to sell’.

To the Bears this may be a sign that prices are falling at a spectacular rate, and that might be true, it could also mean that prices are simply coming in line with …

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