IrishHousePricesFalling

Automated Price Drops!

2007-03-05T21:30:00.000Z

Woohoooo.... an automated price drop site has been developed: www.irishpropertywatch.com/
This was created by Soma from the PropertyPin. It's early days yet - first report posted today, so there will be some teething problems. The report will be run weekly.
Initial findings: 284 price drops between 2 snapshots of MyHome and Daft 4 days apart! The highest at 35.56%!

Timing could not have been better, since I have had not much time (or been arsed) to update this blog recently. I have not decided whether to close this site, although it does feel a little redundant now. Feel free to continue adding your comments

Between www.irishpropertywatch.com and www.thepropertypin.com/forum you have plenty of evidence of price drops. The pin lads have gone into hyperdrive in the last few weeks posting drops.

Check these 2 sites out and spread the word!!!!!

Feb 2nd Bubble News Update

2007-02-02T19:21:00.000Z

The crash has well and truly started

01-02-07 FinFacts: Daft.ie reports substantial fall in asking prices for Irish houses in last 3 quarters of 2006

Price Drops

2007-01-27T19:01:00.000Z

More price drops found by the good folk on http://www.thepropertypin.com/forum

Example 286:
08-12-06: €1m
27-01-07: €950k

Example 285:
1 Eugene Street, Dublin 8,South Dublin City
Daft: €315k
MyHome: €290k

Example 284:
19 Weston Heights, Lucan
27-12-06: €520k
27-01-07: €485k

Example 283:
124 Palmerstown Drive, Palmerstown, Dublin 20
18-11-06: €625k
27-01-07: €595k

Example 282:
1 Foxborough Close Lucan
30-09-06: €350,000
27-01-07: €340,000

Example 281:
50 Hansted Way, Lucan,West Co. Dublin
12-12-06: €359,950
27-01-07: €339,950

Example 280:
5 Foxborough Glade, Lucan,West Co. Dublin
01-12-06: €365k
27-01-07: €350k

Example 279:
20 Willians Drive, Ongar Green, Dublin 15, Ongar,Dublin 15,West Co. Dublin
21-12-06: €500k
27-01-07: €475k

For more examples go to the 'Price Drop Examples' links in the sidebar on the right

Jan 26th Bubble News Update

2007-01-26T20:08:00.000Z

Fxstreet.com: ECB's Stark warns of inflation risks, says growth outlook favourable "...key ECB interest rates still low..."

Bloomberg.com: European Money-Supply Growth Is Fastest in 17 Years "Low interest rates are still one of the main reasons for dynamic money supply"

Among other factors, interest rates rises have caused the irish housing market to stall and begin to drop. The ECB guys are reminding people that rates are STILL LOW, that coupled with a booming europe will see interest rates rise far higher than the evil economists working for EA's and banks have been predicting. Interesting times ahead.

Thanks to Damien for the news links above.

Update to the price drop list to follow tomorrow.

Jan 23rd Bubble News Update

2007-01-23T20:44:00.000Z

Indo: House prices 'could fall this year' ...hold the press, is IIB's economist admitting that prices are falling? Not exactly, he starts with prices now stalled, may fall slightly and then begin to rise in the latter half of the year....spin, spin, spin
Same story in the examiner : ‘Significant cooling’ likely in housing market as interest rates set for rise (Thanks Damien)

Jan 17th Bubble News Update

2007-01-17T20:39:00.000Z

RTE: Dublin commuters may risk negative equity ...the 'doomsayers' have been trying to warn you
Indo: First-time buyers clubbing together to buy a home ...not exactly news, but very dangerous (see RTE above and wake up!)

Indo: Up to 100 houses at half price in classy suburb ...affordable scheme. Affordable being the keyword her. Makes ya think, affordable is half price - can prices fall my up tp 50% when the dust settles?

Indo 15th: Building is rising as house prices are falling ....as I thought, which builder is gonna stop first? They'll keep building, that's what they do and if prices fall by 33% they will still make tidy profits

Jan 12th Bubble News Update

2007-01-12T16:14:00.000Z

Indo: Housing in 'definite downturn', says builder
Some of my thoughts here:
Q: If prices have peaked and the most the bulls can expect is single digit annual growth (<3%), why would investors remain?
A: They wont.
Q: What happens if investors move?
A: We find out if it really is a house of cards.... my bet is STAMPEDE!

Jan 11th: Trichet signals rise of ECB key interest rate to at least 3.75% in March

New Year New Price Drops

2007-01-12T16:09:00.000Z

Again BillG on ThePropertyPin.com Forum has done some great work and found another 101 examples! Brings the total on this blog to 278!

(http://www.thepropertypin.com/forum/viewtopic.php?t=432)
Address: 39 Ardmore Park, Artane, Dublin
Area: Artane
Old Price: 460000
New Price: 445000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=289038

Address: 22 Mount Rochford Avenue, Balbriggan
Area: Balbriggan
Old Price: 400000
New Price: 390000
Date Reduced: 03/01/2007
Link: http://www.myhome.ie/search/property.asp?id=294155

Address: 105 Pinewood Green Road, Balbriggan
Area: Balbriggan
Old Price: 290000
New Price: 285000
Date Reduced: 11/01/2007
Link: http://www.myhome.ie/search/property.asp?id=300636

Address: 4 Stonemasons Green, Ballinteer, Dublin 1
Area: Ballinteer
Old Price: 550000
New Price: 525000
Date Reduced: 10/01/2007
Link: http://www.myhome.ie/search/property.asp?id=294038

Address: 1 Pembroke Manor, 64/66 Pembroke Road
Area: Ballsbridge
Old Price: 680000
New Price: 595000
Date Reduced: 02/01/2007
Link: http://www.myhome.ie/search/property.asp?id=289319

Address: 75 The William Bligh, The Gasworks
Area: Ballsbridge
Old Price: 660000
New Price: 610000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=288009

Address: 11 Clanwilliam Court, Lower Mount Street
Area: Ballsbridge
Old Price: 450000
New Price: 430000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=284098

Address: 44 Pembroke Gardens, Ballsbridge, Dublin
Area: Ballsbridge
Old Price: 1490000
New Price: 1420000
Date Reduced: 10/01/2007
Link: http://www.myhome.ie/search/property.asp?id=287797

Address: 28 Landen Road, Ballyfermot, Dublin 1
Area: Ballyfermot
Old Price: 345000
New Price: 325000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=294548

Address: 64 Ballyfermot Parade, Ballyfermot, Dublin 1
Area: Ballyfermot
Old Price: 320000
New Price: 317500
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=286514

Address: 96 Verdemont, Blanchardstown, Dublin 1
Area: Blanchardstown
Old Price: 325000
New Price: 320000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=293870

Address: No. 6 Annagh Court , Waterville , Dublin 15
Area: Blanchardstown
Old Price: 375000
New Price: 365000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=292791

Address: 12 Amber Field Verdemont Blanchardstown
Area: Blanchardstown
Old Price: 325000
New Price: 317500
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=291963

Address: 18 Blasket Square, Blanchardstown, Dublin 1
Area: Blanchardstown
Old Price: 410000
New Price: 390000
Date Reduced: 10/01/2007
Link: http://www.myhome.ie/search/property.asp?id=292753

Address: 48 Maple Manor, Cabinteely, Dublin 1
Area: Cabinteely
Old Price: 1400000
New Price: 1350000
Date Reduced: 11/01/2007
Link: http://www.myhome.ie/search/property.asp?id=294606

Address: 32 Holmwood, Brennanstown Road
Area: Cabinteely
Old Price: 1700000
New Price: 1630000
Date Reduced: 10/01/2007
Link: http://www.myhome.ie/search/property.asp?id=290590

Address: 35 Woodbrook Hall, Carpenterstown , Dublin 1
Area: Carpenterstown
Old Price: 365000
New Price: 335000
Date Reduced: 10/01/2007
Link: http://www.myhome.ie/search/property.asp?id=296325

Address: 19 Castleknock Glade, Castleknock, Dublin 1
Area: Castleknock
Old Price: 580000
New Price: 570000
Date Reduced: 11/01/2007
Link: http://www.myhome.ie/search/property.asp?id=284090

Address: 47 Millrace Road Phoenix Park Race Course
Area: Castleknock
Old Price: 450000
New Price: 435000
Date Reduced: 11/01/2007
Link: http://www.myhome.ie/search/property.asp?id=272818

Address: 42 Annfield Crescent , Castleknock
Area: Castleknock
Old Price: 395000
New Price: 388000
Date Reduced: 09/01/2007
Link: http://www.myhome.ie/search/property.asp?id=291151

Address: 53 Woodbrook Court, Castleknock, Dublin 1
Area: Castleknock
Old Price: 470000
New Price: 465000
Date Reduced: 09/01/2007
Link: http://www.myhome.ie/search/property.asp?id=288318

Address: 52 Woodbrook Crescent, Riverwood Road
Area: Castleknock
Old Price: 360000
New Price: 350000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=292303

Address: 29 Whitebarn Road, Churchtown
Area: Churchtown
Old Price: 925000
New Price: 900000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=288421

Address: 75 Landscape Park, Churchtown, Dublin 1
Area: Churchtown
Old Price: 850000
New Price: 825000
Date Reduced: 03/01/2007
Link: http://www.myhome.ie/search/property.asp?id=286108

Address: 13 Millcourt Drive, Clondalkin
Area: Clondalkin
Old Price: 318000
New Price: 315000
Date Reduced: 09/01/2007
Link: http://www.myhome.ie/search/property.asp?id=280151

Address: 8 Grangeview Close, Clondalkin
Area: Clondalkin
Old Price: 310000
New Price: 300000
Date Reduced: 09/01/2007
Link: http://www.myhome.ie/search/property.asp?id=280150

Address: 11 Summerseat Court, Clonee, Co. Meath
Area: Clonee
Old Price: 319950
New Price: 310000
Date Reduced: 10/01/2007
Link: http://www.myhome.ie/search/property.asp?id=292187

Address: 20 The Meadows, Grange Road, Clonsilla
Area: Clonsilla
Old Price: 317500
New Price: 312000
Date Reduced: 10/01/2007
Link: http://www.myhome.ie/search/property.asp?id=294484

Address: 37 Lohunda Crescent, Clonsilla, Dublin 1
Area: Clonsilla
Old Price: 375000
New Price: 369000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=293192

Address: 14 St. Mochtas Green, Clonsilla , Dublin 15.
Area: Clonsilla
Old Price: 440000
New Price: 430000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=283928

Address: 7 Charnwood Gardens, Dublin 1
Area: Clonsilla
Old Price: 525000
New Price: 510000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=281478

Address: 2 Westhaven, Clonsilla, Dublin 1
Area: Clonsilla
Old Price: 345000
New Price: 330000
Date Reduced: 03/01/2007
Link: http://www.myhome.ie/search/property.asp?id=285437

Address: 16 St Mochtas Green, Clonsilla, Dublin 1
Area: Clonsilla
Old Price: 440000
New Price: 430000
Date Reduced: 03/01/2007
Link: http://www.myhome.ie/search/property.asp?id=283410

Address: 83 Roebuck Castle Clonskeagh
Area: Clonskeagh
Old Price: 750000
New Price: 730000
Date Reduced: 09/01/2007
Link: http://www.myhome.ie/search/property.asp?id=286790

Address: 2a Foxhill Green, Ayrfield, Dublin 1
Area: Donaghmede
Old Price: 430000
New Price: 420000
Date Reduced: 09/01/2007
Link: http://www.myhome.ie/search/property.asp?id=288834

Address: Apartment 32 Shrewsbury
Area: Donnybrook
Old Price: 625000
New Price: 618000
Date Reduced: 10/01/2007
Link: http://www.myhome.ie/search/property.asp?id=286688

Address: 180 Charlemont, Drumcondra, Dublin
Area: Drumcondra
Old Price: 580000
New Price: 532000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=290181

Address: 194 Grace Park Heights, Drumcondra, Dublin
Area: Drumcondra
Old Price: 510000
New Price: 485000
Date Reduced: 11/01/2007
Link: http://www.myhome.ie/search/property.asp?id=288195

Address: 14a Templeview Lawns, Clarehall, Dublin 1
Area: Dublin
Old Price: 410000
New Price: 395000
Date Reduced: 11/01/2007
Link: http://www.myhome.ie/search/property.asp?id=296903

Address: 3 Holywell Manor, Kinsealy, Co Dublin
Area: Dublin
Old Price: 405000
New Price: 389950
Date Reduced: 09/01/2007
Link: http://www.myhome.ie/search/property.asp?id=294965

Address: 5 Ceide Crann Silis
Area: Dublin
Old Price: 435000
New Price: 425000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=300094

Address: 53 West Road, East Wall, Dublin 3
Area: East Wall
Old Price: 425000
New Price: 400000
Date Reduced: 09/01/2007
Link: http://www.myhome.ie/search/property.asp?id=280981

Address: 12, Ely Drive,, Firhouse,, Dublin 2
Area: Firhouse
Old Price: 440000
New Price: 430000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=288022

Address: Grove House, Hainault Road, Foxrock
Area: Foxrock
Old Price: 4100000
New Price: 3800000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=282426

Address: 3 Brighton Place, Foxrock, Dublin 1
Area: Foxrock
Old Price: 1600000
New Price: 1550000
Date Reduced: 09/01/2007
Link: http://www.myhome.ie/search/property.asp?id=284963

Address: 6 Adelaide Road, Glasthule, Co Dublin
Area: Glasthule
Old Price: 1250000
New Price: 1125000
Date Reduced: 09/01/2007
Link: http://www.myhome.ie/search/property.asp?id=290589

Address: 6 St. Lawrence Terrace, Howth, Co. Dublin
Area: Howth
Old Price: 595000
New Price: 550000
Date Reduced: 10/01/2007
Link: http://www.myhome.ie/search/property.asp?id=293996

Address: 6 St. Lawrence Terrace, Howth
Area: Howth
Old Price: 550000
New Price: 520000
Date Reduced: 11/01/2007
Link: http://www.myhome.ie/search/property.asp?id=293996

Address: 21 Woodfield Avenue Inchicore
Area: Inchicore
Old Price: 400000
New Price: 380000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=283538

Address: 79 Killester Park, Killester, Dublin
Area: Killester
Old Price: 500000
New Price: 480000
Date Reduced: 09/01/2007
Link: http://www.myhome.ie/search/property.asp?id=294801

Address: 15 Woodstown Vale, Knocklyon, Dublin 1
Area: Knocklyon
Old Price: 550000
New Price: 539000
Date Reduced: 09/01/2007
Link: http://www.myhome.ie/search/property.asp?id=285616

Address: 22 Moy Glas Grove, Lucan
Area: Lucan
Old Price: 390000
New Price: 381000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=286437

Address: 32 Dun Emer Place, Lusk
Area: Lusk
Old Price: 390000
New Price: 380000
Date Reduced: 10/01/2007
Link: http://www.myhome.ie/search/property.asp?id=296631

Address: 40 Glenn Ribh Lusk
Area: Lusk
Old Price: 330000
New Price: 325000
Date Reduced: 11/01/2007
Link: http://www.myhome.ie/search/property.asp?id=281589

Address: 10 Abbey Well Kinsealy
Area: Malahide
Old Price: 560000
New Price: 550000
Date Reduced: 09/01/2007
Link: http://www.myhome.ie/search/property.asp?id=295875

Address: 61 Philipsburgh Terrace, Marino, Dublin
Area: Marino
Old Price: 550000
New Price: 520000
Date Reduced: 10/01/2007
Link: http://www.myhome.ie/search/property.asp?id=287161

Address: 47 Croyden Green, Marino, Dublin 3
Area: Marino
Old Price: 500000
New Price: 485000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=293330

Address: 46 Annadale Crescent, Dublin
Area: Marino
Old Price: 580000
New Price: 520000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=289718

Address: 2 Montpelier Parade, Monkstown
Area: Monkstown
Old Price: 1950000
New Price: 1895000
Date Reduced: 09/01/2007
Link: http://www.myhome.ie/search/property.asp?id=285869

Address: 9 Cassian Court East, Royal Canal Park
Area: Navan Road
Old Price: 410000
New Price: 395000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=284515

Address: 54 Oak Court Park Palmerstown
Area: Palmerstown
Old Price: 410000
New Price: 395000
Date Reduced: 10/01/2007
Link: http://www.myhome.ie/search/property.asp?id=296145

Address: 124 Palmerstown Drive, Palmerstown, Dublin 2
Area: Palmerstown
Old Price: 625000
New Price: 595000
Date Reduced: 10/01/2007
Link: http://www.myhome.ie/search/property.asp?id=292325

Address: 17 St. Ignatius Avenue, Phibsborough
Area: Phibsboro
Old Price: 450000
New Price: 400000
Date Reduced: 10/01/2007
Link: http://www.myhome.ie/search/property.asp?id=293786

Address: Apartment 72, The Mill
Area: Phibsboro
Old Price: 350000
New Price: 320000
Date Reduced: 10/01/2007
Link: http://www.myhome.ie/search/property.asp?id=275261

Address: 11 Park Drive, Ranelagh, Dublin
Area: Ranelagh
Old Price: 1750000
New Price: 1600000
Date Reduced: 09/01/2007
Link: http://www.myhome.ie/search/property.asp?id=298589

Address: 9 Ashfield Road, Ranelagh, Dublin
Area: Ranelagh
Old Price: 1500000
New Price: 1400000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=293838

Address: 31 Whitechurch Park, Rathfarnham
Area: Rathfarnham
Old Price: 460000
New Price: 445000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=294366

Address: Stocking Avenue, Rathfarnham, Dublin 16
Area: Rathfarnham
Old Price: 420000
New Price: 410000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=291117

Address: 8 THE LAWN, BODEN PARK
Area: Rathfarnham
Old Price: 675000
New Price: 650000
Date Reduced: 10/01/2007
Link: http://www.myhome.ie/search/property.asp?id=285418

Address: 36 Orchardstown Avenue
Area: Rathfarnham
Old Price: 715000
New Price: 635000
Date Reduced: 11/01/2007
Link: http://www.myhome.ie/search/property.asp?id=294481

Address: 7a Butterfield Grove, Rathfarnham, Dublin 1
Area: Rathfarnham
Old Price: 1900000
New Price: 1750000
Date Reduced: 11/01/2007
Link: http://www.myhome.ie/search/property.asp?id=285330

Address: 43 Dargle Drive, Marley Grange
Area: Rathfarnham
Old Price: 665000
New Price: 635000
Date Reduced: 11/01/2007
Link: http://www.myhome.ie/search/property.asp?id=274088

Address: 13 Newtown Court, Eaton Brae
Area: Rathgar
Old Price: 510000
New Price: 495000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=273319

Address: 84 Shelbourne Village, Ringsend, Dublin
Area: Ringsend
Old Price: 410000
New Price: 395000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=290357

Address: 45 Ravenswell
Area: Rush
Old Price: 405000
New Price: 395000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=286547

Address: Site at Melbourne House
Area: Rush
Old Price: 1500000
New Price: 1300000
Date Reduced: 09/01/2007
Link: http://www.myhome.ie/search/property.asp?id=263762

Address: 76 Carrigmore Crescent, Saggart
Area: Saggart
Old Price: 280000
New Price: 270000
Date Reduced: 09/01/2007
Link: http://www.myhome.ie/search/property.asp?id=298222

Address: 22 Brownsbarn Orchard
Area: Saggart
Old Price: 590000
New Price: 560000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=297134

Address: Apartment 172 Lymewood Mews
Area: Santry
Old Price: 365000
New Price: 359000
Date Reduced: 10/01/2007
Link: http://www.myhome.ie/search/property.asp?id=286010

Address: Apt 142 Lymewood Mews, Santry, Dublin
Area: Santry
Old Price: 363000
New Price: 355000
Date Reduced: 02/01/2007
Link: http://www.myhome.ie/search/property.asp?id=287255

Address: Apt. 110 Temple Court, Northwood
Area: Santry
Old Price: 370000
New Price: 355000
Date Reduced: 03/01/2007
Link: http://www.myhome.ie/search/property.asp?id=295510

Address: 154 Parklands, Northwood, Santry
Area: Santry
Old Price: 360000
New Price: 350000
Date Reduced: 11/01/2007
Link: http://www.myhome.ie/search/property.asp?id=286510

Address: 2 Kentfield Old Bray Road Shankill
Area: Shankill
Old Price: 995000
New Price: 945000
Date Reduced: 09/01/2007
Link: http://www.myhome.ie/search/property.asp?id=287816

Address: Three Bed Residence
Area: South Circular Road
Old Price: 550000
New Price: 490000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=295346

Address: 2 Harty Place, off Clanbrassil
Area: South City Centre
Old Price: 320000
New Price: 315000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=296736

Address: Beechwood Court, Stillorgan Road
Area: Stillorgan
Old Price: 560000
New Price: 540000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=292804

Address: 21 Burrowfield Road, Sutton, Dublin 1
Area: Sutton
Old Price: 650000
New Price: 635000
Date Reduced: 10/01/2007
Link: http://www.myhome.ie/search/property.asp?id=277677

Address: 16 Elmwood Park, Swords
Area: Swords
Old Price: 400000
New Price: 385000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=292456

Address: 24 Belfry Downs, Citywest, Dublin. 24
Area: Tallaght
Old Price: 370000
New Price: 360000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=299721

Address: 87 Suncroft Park, Tallaght, Dublin 2
Area: Tallaght
Old Price: 330000
New Price: 315000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=289528

Address: 13 Sundale Parade, Mountain View
Area: Tallaght
Old Price: 329950
New Price: 299950
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=289373

Address: 21 Dalepark Road, , Aylesbury
Area: Tallaght
Old Price: 405000
New Price: 381000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=287763

Address: 8 Eaton Hall, Terenure Road North
Area: Terenure
Old Price: 600000
New Price: 585000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=293317

Address: 26 Neagh Road Terenure Dublin 6w
Area: Terenure
Old Price: 525000
New Price: 510000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=282023

Address: 43 Fortfield Park Terenure Dublin 6w
Area: Terenure
Old Price: 1475000
New Price: 1350000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=277107

Address: 3 Priory Way, Whitehall Road
Area: Terenure
Old Price: 665000
New Price: 635000
Date Reduced: 10/01/2007
Link: http://www.myhome.ie/search/property.asp?id=289984

Address: 28 Wasdale Park, Terenure, Dublin
Area: Terenure
Old Price: 1850000
New Price: 1750000
Date Reduced: 09/01/2007
Link: http://www.myhome.ie/search/property.asp?id=275114

Address: 46 Bunting Road, Walkinstown, Dublin 1
Area: Walkinstown
Old Price: 425000
New Price: 410000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=288644

Address: 18 Bunting Road, Walkinstown, Dublin 1
Area: Walkinstown
Old Price: 440000
New Price: 395000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=278448

Address: 98 Beechfield Road, Walkinstown, Dublin 12
Area: Walkinstown
Old Price: 570000
New Price: 550000
Date Reduced: 08/01/2007
Link: http://www.myhome.ie/search/property.asp?id=273493

Jan 7th Bubble News Update

2007-01-07T18:16:00.000Z

SIndo: Time to get out of rental property - "Can anyone point to a single soft landing? In truth, a soft landing in the housing market is like the proverbial free lunch. There ain't no such thing. Housing markets just don't work that way." ...the stampede is about to begin!

SIndo: House price worries hit cement barons

TimesOnline: Time to get real on property prices - "Start Mortgages, which offers deals to people with poor credit histories, has brought more court proceedings to repossess houses in the past two years than AIB and Bank of Ireland combined"

SIndo: An honest politician - Senator Brian Hayes: "Today would you invest in property, shares, cash or other?
I would be extremely nervous of the housing market at the moment. Quite frankly I don't believe in "soft landings", it's a clever phrase devised by auctioneers, anxious to keep the market afloat. Internationally, property markets that increase rapidly generally come down rapidly. They don't land softly. For what it's worth, we are now very close to a major correction in the Irish property market. "

Holiday home for €120k

2007-01-07T17:57:00.000Z

Check out this "ideal holiday home/investment opportunity" in Wicklow selling for a mere €120k: http://www.hassett.ie/Property.asp?p=961&n=2

It's a goddamn shed!! And not a even a nice one. If you were crazy enough to get on the bubble ladder recently and want someone to strangle when you inevitably get burnt - it's these lunatics which have helped pump the market to this point.

Have you seen any crazy ads like this one? Send them in.

Jan 2nd Bubble News Update

2007-01-02T21:45:00.000Z

Finfacts: cost of second-hand houses fell 0.66 per cent during the quarter....the beginning of the end, same fall if not higher in Jan and then the snowball will gather speed.

Indo: The ticking bomb of interest-only home loans

Indo: Affordable housing scheme 'is failing'

Dec 28th Bubble News Update

2006-12-28T18:31:00.000Z

Dec 28th IrishTimes: How the housing corner stones of our economy could go into a rapid freefall (Subsc. req., full text here and gang of bears lapping it up)...."falls in real house prices of the order of 40-50" !!!!!!

Dec 28th Indo: Caution means house prices rising at slowest rate in almost five years

Dec 21st Examiner: ESRI issues debt warning...."International banks concerned about our credit rating might be forced to raise the cost of borrowing to Irish financial institutions. In effect that would see Irish interest rates going higher than the benchmark rates laid down by the European Central Bank, which would be unprecedented, he said. "

House Sites Advertise Price Drops!

2006-12-28T18:30:00.000Z

Cheers to the visitors for noticing price drops on MyHome:
Found by Anon: Block 1, Parklands, Northwood, Santry
"ONLY 6 UNITS REMAINING" MASSIVE PRICE REDUCTIONS FOR QUICK SALE"

Found by Colm: The Oaks, Parkview, Sandyford, Dublin 18
Now €440k - "launch selling price €465,000 - this apartment is selling at a reduced price as quick sale needed"

The ball is certainly starting to roll now!
Do a search on Google yourself to find more - search with one of these 2 phrases:
"quick sale" site:www.daft.ie
"quick sale" site:www3.myhome.ie

Dec 18th Bubble News Update

2006-12-18T22:00:00.000Z

Dec 17th: SbPost: Bank predicts house-price growth of 3% next year ....which will technically be a fall painted as an increase by usual suspects. 3% is too high, minus 10% I say.
Dec 15th: Indo: Mortgages rise 50pc in a year ....and like it or not the rates are going up again early next year.

Post Budget Price Drops

2006-12-18T21:58:00.000Z

BillG on ThePropertyPin Forum found 26 examples of price drops the day after the budget. Good job BillG. Now we have a total of 177 examples

Address: 10 Westway Park, Blanchardstown, Dublin 1 Area: Blanchardstown
Old Price: 320000
New Price: 315000 Date Reduced: 08/12/2006
Link: http://www.myhome.ie/search/property.asp?id=279072

Address: 33 Clogher Road, Crumlin, Dublin 12 Area: Crumlin
Old Price: 381000
New Price: 370000 Date Reduced: 08/12/2006
Link: http://www.myhome.ie/search/property.asp?id=287773

Address: Glenalua, Cunningham Road Area: Dalkey
Old Price: 1750000
New Price: 1590000 Date Reduced: 08/12/2006
Link: http://www.myhome.ie/search/property.asp?id=286065

Address: 74 Curlew Road, Drimnagh, Dublin 12 Area: Drimnagh
Old Price: 381000
New Price: 370000 Date Reduced: 08/12/2006
Link: http://www.myhome.ie/search/property.asp?id=291891

Address: 31 Glasnevin Woods, Glasnevin , Dublin 1 Area: Glasnevin
Old Price: 410000
New Price: 398000 Date Reduced: 08/12/2006
Link: http://www.myhome.ie/search/property.asp?id=295322

Address: 172 Ballymun Road, Glasnevin, Dublin Area: Glasnevin
Old Price: 650000
New Price: 600000 Date Reduced: 08/12/2006
Link: http://www.myhome.ie/search/property.asp?id=287314

Address: 24 Rosedale, Tyrconnell Street Area: Inchicore
Old Price: 365000
New Price: 355000 Date Reduced: 08/12/2006
Link: http://www.myhome.ie/search/property.asp?id=277854

Address: Apt. 18 Cammock, Mount Brown, Dublin 8 Area: Kilmainham
Old Price: 290000
New Price: 275000 Date Reduced: 08/12/2006
Link: http://www.myhome.ie/search/property.asp?id=285532

Address: 64A Devenish Road, Kimmage, Dublin 12 Area: Kimmage
Old Price: 450000
New Price: 440000 Date Reduced: 08/12/2006
Link: http://www.myhome.ie/search/property.asp?id=288927

Address: 6 Foxborough Manor, Lucan Area: Lucan
Old Price: 410000
New Price: 395000 Date Reduced: 08/12/2006
Link: http://www.myhome.ie/search/property.asp?id=293120

Address: 78 Rosewood Grove, Lucan Area: Lucan
Old Price: 340000
New Price: 335000 Date Reduced: 08/12/2006
Link: http://www.myhome.ie/search/property.asp?id=277474

Address: 40 Foxborough Road, Lucan, Co. Dublin Area: Lucan
Old Price: 390000
New Price: 380000 Date Reduced: 08/12/2006
Link: http://www.myhome.ie/search/property.asp?id=277406

Address: 1 Muckross Green, Perrystown, Dublin 12 Area: Perrystown
Old Price: 635000
New Price: 600000 Date Reduced: 08/12/2006
Link: http://www.myhome.ie/search/property.asp?id=294202

Address: 48 Tayleurs Point, Rush Area: Rush
Old Price: 315000
New Price: 308000 Date Reduced: 07/12/2006
Link: http://www.myhome.ie/search/property.asp?id=297075

Address: 51 Temple Court, Santry, Dublin Area: Santry
Old Price: 355000
New Price: 345000 Date Reduced: 07/12/2006
Link: http://www.myhome.ie/search/property.asp?id=293387

Address: Apt. 6, Court Apartments Area: South City Centre
Old Price: 750000
New Price: 680000 Date Reduced: 08/12/2006
Link: http://www.myhome.ie/search/property.asp?id=295409

Address: Apt. 15 St. James's Court Area: South City Centre
Old Price: 340000
New Price: 330000 Date Reduced: 08/12/2006
Link: http://www.myhome.ie/search/property.asp?id=293546

Address: 15 Allen Park Drive, Stillorgan Area: Stillorgan
Old Price: 890000
New Price: 840000 Date Reduced: 08/12/2006
Link: http://www.myhome.ie/search/property.asp?id=286559

Address: 55 Limekiln Green, Walkinstown, Dublin 12 Area: Walkinstown
Old Price: 385000
New Price: 375000 Date Reduced: 08/12/2006
Link: http://www.myhome.ie/search/property.asp?id=282751

Dec 12th Bubble News Update

2006-12-12T13:07:00.000Z

RTE: Primetime Investigation: BuyerBeware

FinFacts: Ghost bidding widespread among estate agents
IrelandOnline: Govt assisting 'property rip-off' - Sargent
SbPost: Data watchdog investigates mortgage brokers
RTE: Dáil told property legislation on the way

Primetime exposé last night uncovered widespread ghost bidding in the Irish property market, where fake bidders are employed by the estate agent for private and public sales to push the price up by at least 10%. Also uncovered was double billing and mis-management by property management companies and housing estates repeatedly left unfinished by developers. Greedy feckers the lot of them. Hopefully some action will be taken, especially against the bidding scams - I want people in jail for this!

I don't have time, but if anyone out there does and can find a way to do it safely, can you set up a 'Name & Shame' website to expose these monsters.

More House Price Drops

2006-12-08T19:35:00.000Z

Example 151: (found by Keith)
1 Muckross Green, Perrystown, Dublin 12
21-11-06: €635k
08-12-06: €600k

Example 150: (found by Keith)
62 Fernhill Road Perrystown Dublin 12
Summer '06 €565k++
08-12-06: €525k

Dec 7th Bubble News Update

2006-12-07T19:51:00.000Z

Finfacts.ie: ECB rate up to 3.5% - Trichet says interest rates are still low and signals at least one further hike in 2007, in response to high private sector credit growth
...told ye.

Dec 6th Bubble News Update

2006-12-06T19:23:00.000Z

Budget day!
RTE.ie: Interest relief, but no stamp duty move
...yup, like I said on Nov 12th below. Now if the sheep can stay in their pens we can get prices back to normal.
Watch out for interest rate hike tomorrow and I'm guessing another in February.

Dec 3rd Bubble News Update

2006-12-03T17:17:00.000Z

SbPost.ie: Fewer than one in five Dublin houses sold at auction

Nov 27th Bubble News Update

2006-11-27T13:50:00.000Z

Sunday Times Nov 19th: Dublin property prices falling by €4,500 a month

RTE Nov 27th: New house prices fall for 1st time in 2 years

SbPost Nov 26th: Irish mortgage debt is double European level
RTE Nov 21st: Moody's housing findings disputed

Indo Nov 19th: You can bet on house prise rises
"PADDY POWER bookmakers are offering generous odds of 6 to 1 to the doom sayers that house prices will rise by less than 3% next year"....must be alot of doom sayers out there, price is now evens!

Total Properties For Sale & Rent

2006-11-27T13:36:00.000Z

Site: Daft
Total count of residential units for sale in Ireland:
Up 38.4% since 10th Oct

08-12-2006 - 27,176
03-12-2006 - 26,454
27-22-2006 -25,864
12-11-2006 - 24,434
07-11-2006 - 23,682
01-11-2006 - 22,795
24-10-2006 - 21,707
21-10-2006 - 21,939
18-10-2006 - 20,596
15-10-2006 - 20,371
10-10-2006 - 19,635

Total count of residential units for rent in Ireland:
Up 11.9% since 18th Oct

08-12-2006 - 4,610
03-12-2006 - 4,539
27-11-2006 - 4,471
12-11-2006 - 4,266
07-11-2006 - 4,323
01-11-2006 - 4,156
24-10-2006 - 4,157
21-10-2006 - 4,096
18-10-2006 - 4,061

...watch this space!

Nov Weeks 3 & 4 List of House Price Drops

2006-11-27T12:22:00.000Z

39 new examples!

Example 149:
9 Brian Boru St., Clontarf,Dublin 3,North Dublin City (found by anon.)
16-10-06: €500k (date taken from last renewed date. moved to new agent...)
27-11-06: €450k

Example 148:
57 Rock Road, Blackrock, Co Dublin (found by anon.)
17-10-06: €795k
27-11-06: €725k

Example 110 to 147 found by BillG and posted to ThePropertyPin.com. Good work BillG!!

Example 147:
Address: 20 Trimleston, Balbriggan Area: Balbriggan
Old Price: 280000
27-11-06: 260000 Link: http://www.myhome.ie/search/property.asp?id=282674

Example 146:
Address: 11 Charlestown Way, Area: Finglas
Old Price: 285000
27-11-06: 270000 Link: http://www.myhome.ie/search/property.asp?id=289594

Example 145:
Address: 61 Glasnevin Woods, Glasnevin Area: Glasnevin
Old Price: 420000
27-11-06: 395000 Link: http://www.myhome.ie/search/property.asp?id=288289

Example 144:
Address: 32 Cruagh Wood, The Cedars Area: Stepaside
Old Price: 420000
27-11-06 Price: 385000 Link: http://www.myhome.ie/search/property.asp?id=292204

Example 143:
Address: Apt. 111 Bushy Park House, Terenure Area: Terenure
Old Price: 655000
27-11-06: 620000 Link: http://www.myhome.ie/search/property.asp?id=282441

Example 142:
Address: 59 Danesfort, Castle Avenue, Area: Clontarf
Old Price: 820000
27-11-06: 770000 Link: http://www.myhome.ie/search/property.asp?id=282182

Example 141:
Address: 193 Clonliffe Road, Drumcondra, Dublin Area: Drumcondra
Old Price: 845000
New Price: 790000 Link: http://www.myhome.ie/search/property.asp?id=277923
27-11-06: Not available on MyHome

Example 140:
Address: Apt 55 The Anchorage, Crofton Road Area: Dun Laoghaire
Old Price: 675000
27-11-06: 635000 Link: http://www.myhome.ie/search/property.asp?id=282896

Example 139:
Address: 26 Mallin Avenue, Rialto Area: Rialto
Old Price: 380000
27-11-06: 360000 Link: http://www.myhome.ie/search/property.asp?id=294858

Example 138:
Address: Aras na Cluaine, Clondalkin Area: Clondalkin
Old Price: 270000
27-11-06: 249000 Link: http://www.myhome.ie/search/property.asp?id=168487

Example 137:
Address: 34 Coolgarriff Road, Beaumont Area: Beaumont
Old Price: 530000
27-11-06: 500000 Link: http://www.myhome.ie/search/property.asp?id=295304

Example 136:
Address: 56 Ardara Avenue, Donaghmede Area: Donaghmede
Old Price: 420000
27-11-06: 395000 Link: http://www.myhome.ie/search/property.asp?id=282798

Example 135:
Address: 7 Grange Park Drive, Raheny Area: Raheny
Old Price: 530000
New Price: 495000 Link: http://www.myhome.ie/search/property.asp?id=293454
27-11-06: Unavailable on MyHome

Example 134:
Address: Apt 1B Bettyglen, Watermill Road Area: Raheny
Old Price: 230000
27-11-06: 210000 Link: http://www.myhome.ie/search/property.asp?id=283051

Example 133:
Address: 'The Hobbiton', Offington Park Area: Sutton
Old Price: 2450000
27-11-06: 2200000 Link: http://www.myhome.ie/search/property.asp?id=291080

Example 132:
Address: 3 Berwick House, Whitehall Road Area: Churchtown
Old Price: 675000
27-11-06: 635000 Link: http://www.myhome.ie/search/property.asp?id=288988

Example 131:
Address: 12 Oxford Road, Ranelagh, Dublin Area: Ranelagh
Old Price: 950000
27-11-06: 895000 Link: http://www.myhome.ie/search/property.asp?id=285840

Example 130:
Address: 4 Oaklands Drive, Sandymount Area: Sandymount
Old Price: 1300000
27-11-06: 1200000 Link: http://www.myhome.ie/search/property.asp?id=285780

Example 129:
Address: 55 The Maltings, Bonham Street Area: South City Centre
Old Price: 345000
27-11-06: 317500 Link: http://www.myhome.ie/search/property.asp?id=292674

Example 128:
Address: Whitethorn, Royal Terrace West, Area: Dun Laoghaire
Old Price: 1675000
27-11-06: 1500000 Link: http://www.myhome.ie/search/property.asp?id=285684

Example 127:
Address: Parkhill Road Area: Tallaght
Old Price: 399950
27-11-06: 349950 Link: http://www.myhome.ie/search/property.asp?id=288244

Example 126:
Address: Parkview, Poppintree, Dublin 11 Area: Finglas
Old Price: 300000
27-11-06: 265000 Link: http://www.myhome.ie/search/property.asp?id=274853

Example 125:
Address: 11 Premier Square, Glasnevin Area: Glasnevin
Old Price: 425000
New Price: 400000 Link: http://www.myhome.ie/search/property.asp?id=294642
27-11-06: Unavailable on MyHome

Example 124:
Address: 13 Abbey Park, Killester, Dublin Area: Killester
Old Price: 498000
New Price: 450000 Link: http://www.myhome.ie/search/property.asp?id=270992
27-11-06: Unavailable on MyHome

Example 123:
Address: Whispering Pines, Weston Area: Naul
Old Price: 1200000
New Price: 995000 Link: http://www.myhome.ie/search/property.asp?id=286568
27-11-06: Unavailable on MyHome

Example 122:
Address: 172 Collins Avenue West Area: Whitehall
Old Price: 780000
27-11-06: 710000 Link: http://www.myhome.ie/search/property.asp?id=279452

Example 121:
Address: 61 Leopardstown Park, Stillorgan Area: Stillorgan
Old Price: 1050000
27-11-06: 995000 Link: http://www.myhome.ie/search/property.asp?id=285180

Example 120:
Address: 16 Mount Tallant Avenue, Terenure, Area: Terenure
Old Price: 1200000
27-11-06: 1100000 Link: http://www.myhome.ie/search/property.asp?id=286118

Example 119:
Address: 9 Caragh Court, Fairview,
Old Price: 260000
New Price: 245000 Link: http://www.myhome.ie/search/property.asp?id=282943
27-11-06: Unavailable on MyHome

Example 118:
Address: Georges Wharf, Royal Canal Bank, Area: Phibsboro
Old Price: 520000
27-11-06: 490000 Link: http://www.myhome.ie/search/property.asp?id=275992

Example 117:
Address: 159 Temple Gardens, Santry, Area: Santry
Old Price: 540000
27-11-06: 495000 Link: http://www.myhome.ie/search/property.asp?id=279456

Example 116:
Address: Ciamaltha, 14 Ardlui Park Area: Blackrock
Old Price: 1750000
27-11-06: 1590000 Link: http://www.myhome.ie/search/property.asp?id=289428

Example 115:
Address: Southmede, Ballinteer Road, Area: Dundrum
Old Price: 560000
27-11-06: 495000 Link: http://www.myhome.ie/search/property.asp?id=269198

Example 114:
Address: The Steps, Kilmainham Lane Area: Kilmainham
Old Price: 580000
27-11-06: 530000 Link: http://www.myhome.ie/search/property.asp?id=281272

Example 113:
Address: 10 Woodstown Heights, Knocklyon Area: Knocklyon
Old Price: 685000
27-11-06: 635000 Link: http://www.myhome.ie/search/property.asp?id=285163

Example 112:
Address: 207 Wedgewood, Sandyford Area: Sandyford
Old Price: 635000
27-11-06: 595000 Link: http://www.myhome.ie/search/property.asp?id=288796

Example 111:
Address: 11 Sundale Grove, Tallaght Area: Tallaght
Old Price: 317500
27-11-06: 300000 Link: http://www.myhome.ie/search/property.asp?id=294966

Example 110:
Address: 3 Bealing Avenue, Tyrellstown Area: Tyrrelstown
Old Price: 465000
27-11-06: 440000 Link: http://www.myhome.ie/search/property.asp?id=291928

Nov 15th Bubble News Update

2006-11-15T23:33:00.000Z

IndyMedia Nov 13th: Low yields turn off Irish Property Investors
Where do you think we are on this cycle?

Nov 12th Bubble News Update

2006-11-12T18:31:00.000Z

SBPost Nov 12th: Bargains in a buyers’ market
Don't you just love the spin they put on this. This is usual Property section journalism that we all know and hate. All the usual cronies have their say and the best they can do is that now we have bargains....so children run out and start panic buying before the bargains go. Jeez!

Sindo Nov 12th: Stamp duty changes are 'not ruled out'
Bit of a hullabaloo here with the vested interests pressing for change. A slight change may occur, but not much. The govenment would be loathe to interfere - it will only postpone the crash.

Sindo Nov 12th: Just one in 9 can afford house
Exactly my point. Now crash dammit!

Indo Nov 9th: ECB shapes up for zero tolerance of our zero real interest rates
Interesting article. "There is no doubt that its executives, led by President Jean-Claude Trichet, want the ECB to behave like a proper central bank.
And if they succeed, it seems certain that interest rates have further to rise; perhaps a good deal further. We can't have less, but we can have a good deal more. "

Nov Week 2 List of House Price Drops

2006-11-12T17:45:00.000Z

33 new examples!
A special thanks to Gurramok, who's hard work has found 32 of these, not too mention 40 odd previously!! Gurramok can be found chatting on the PropertyPin forum.

Example 109:
Apt. 316, Premier Square, Finglas Road, Glasnevin (Found by Gurramok)
Oct 9th 360k http://tinyurl.com/y4x77t
Nov 11th 350k http://www3.myhome.ie/search/property.asp?id=289431&rt=search&np=&searchlist=

Example 108:
6 St Alphonsus Avenue, Drumcondra, Dublin 9 (Found by Gurramok)
Oct 12th 525k http://tinyurl.com/y4popy
Nov 11th 470k http://www1.myhome.ie/search/property.asp?id=283936&rt=search&np=&searchlist=

Example 107:
2 Carlingford Road, Drumcondra, Dublin 9 (Found by Gurramok)
Oct 15th 680k http://tinyurl.com/y37mno
Nov 11th 640k http://www2.myhome.ie/search/property.asp?id=290955&np=&rt=search&searchlist=

Example 106:
35 Glasnevin Woods, Glasnevin, Dublin 11 (Found by Gurramok)
Oct 12th 430k http://tinyurl.com/y9dusv
Nov 11th 415k http://www1.myhome.ie/search/property.asp?id=284524&np=&rt=search&searchlist=

Example 105:
2 Botanic Mews, Off Prospect Avenue, Glasnevin, Dublin 9 (Found by Gurramok)
Oct 10th 500k http://tinyurl.com/y4jr5o
Nov 11th 485k http://www3.myhome.ie/search/property.asp?id=291555&rt=search&np=&searchlist=

Example 104:
51 Weston Park, Churchtown, Dublin 14 (Found by Gurramok)
Oct 5th 950k http://tinyurl.com/y6sjz8
Nov 11th 920k http://www1.myhome.ie/search/property.asp?id=287870&np=&rt=search&searchlist=

Example 103:
9 Deerpark Road, Mount Merrion, Co. Dublin (Found by Gurramok)
Oct 4th 1.4m http://tinyurl.com/y9663n
Nov 11th 1.3m http://www1.myhome.ie/search/property.asp?id=285898&np=&rt=search&searchlist=

Example 102:
Granite Court, Stepaside Park, Stepaside, Co Dublin (Found by Gurramok)
Oct 9th 440k http://tinyurl.com/yae75b
Nov 11th 425k http://www3.myhome.ie/search/property.asp?id=290294&rt=search&np=&searchlist=

Example 101:
21a The Maples, Bird Avenue, Clonskeagh, Dublin 14 (Found by Gurramok)
Oct 12th 625k http://tinyurl.com/yl5bbv
Nov 11th 595k http://www1.myhome.ie/search/property.asp?id=282246&rt=search&np=&searchlist=

Example 100:
10 Maple Manor, Cabinteely, Co Dublin (Found by Gurramok)
Oct 5th 725k http://tinyurl.com/sju3w
Nov 11th 685k http://www1.myhome.ie/search/property.asp?id=287725&np=&rt=search&searchlist=

Example 99:
8 Sycamore Drive, The Park, Cabinteely (Found by Gurramok)
Oct 9th 900k http://tinyurl.com/yxqby9
Nov 11th 875k http://www1.myhome.ie/search/property.asp?id=288582&rt=search&np=&searchlist= (sale agreed)

Example 98:
4 Pearse Close, Sallynoggin, Co Dublin (Found by Gurramok)
Oct 14th 450k http://tinyurl.com/y9dc2b
Nov 11th 420k http://www1.myhome.ie/search/property.asp?id=288111&np=&rt=search&searchlist=

Example 97:
19 Liffey Park Lucan (Found by Gurramok)
May 2nd 375k http://tinyurl.com/uszoc
Nov 11th 370k http://www2.myhome.ie/search/property.asp?id=265978&np=&nsa=

Example 96:
14 Rochford Avenue, Bakers Walk, Kilcock, Co. Kildare (Found by Gurramok)
Oct 12th 320k http://tinyurl.com/vookd
Nov 11th 315k http://www1.myhome.ie/search/property.asp?id=286768&rt=search&np=&searchlist=

Example 95:
17 Beverly Downs, Knocklyon, Dublin 16 (Found by Gurramok)
Oct10th 630k http://tinyurl.com/y6sr2g
Nov 11th 605k http://www3.myhome.ie/search/property.asp?id=288521&rt=search&np=&searchlist=

Example 94:
17 Sundrive Park, Kimmage, Dublin 12 (Found by Gurramok)
Oct 9th 635k http://tinyurl.com/wbqjo
Nov 11th 595k http://www3.myhome.ie/search/property.asp?id=288547&rt=search&np=&searchlist

Example 93:
20A Balnagowan, Dartry, Dublin 6 (Found by Gurramok)
15th Oct 510k http://tinyurl.com/y5zyov
Nov11th 500k http://www4.myhome.ie/search/property.asp?id=279345&np=&rt=search&searchlist=

Example 92:
14 Fortescue Lane, Off Lower Mount Pleasant Avenue, Dublin 6 (Found by Gurramok)
Oct 14th 750k http://tinyurl.com/v8awv
Nov 11th 695k http://www1.myhome.ie/search/property.asp?id=289288&np=&rt=search&searchlist=

Example 91:
20 Doris Street, off South Lotts Road, Ringsend , Dublin 4 (Found by Gurramok)
Sept 30th 575k http://tinyurl.com/yybf2z
Nov 11th 549k http://www1.myhome.ie/search/property.asp?id=283474&rt=search&np=&searchlist=

Example 90:
60 Idrone Park Knocklyon (Found by Gurramok)
Oct 12th 650k http://tinyurl.com/y3wwnl
Nov 11th 635k http://www1.myhome.ie/search/property.asp?id=283715&rt=search&np=&searchlist=

Example 89:
71,Mountainview , Rathfarnham, Dublin 14 (Found by Gurramok)
Oct 5th 480k http://tinyurl.com/y9aywr
Nov 11th 465k http://www3.myhome.ie/search/property.asp?ts=xl&id=280315&rt=search&np=&searchlist=

Example 88:
96 COLLINS AVENUE WEST, WHITEHALL, DUBLIN 9 (Found by Gurramok)
Oct 14th 390k http://tinyurl.com/yxq795
Nov 11th 380k http://www1.myhome.ie/search/property.asp?id=285223&np=&rt=search&searchlist=

Example 87:
21 Swifts Grove, Clonshaugh, Dublin 17 (Found by Gurramok)
Oct 14th 365k http://tinyurl.com/y8a7ou
Nov 11th 359k http://www1.myhome.ie/search/property.asp?id=290430&np=&rt=search&searchlist=

Example 86:
15 Beechlawn Green, Artane, Dublin 5 (Found by Gurramok)
Oct 12th 468k http://tinyurl.com/sneno
Nov 11th 458k http://www1.myhome.ie/search/property.asp?id=285523&np=&rt=search&searchlist=

Example 85:
84 St Davids Park, Artane, Dublin 5 (Found by Gurramok)
May 16th 540k http://tinyurl.com/y6aj93
Nov 11th 520k http://www3.myhome.ie/search/property.asp?id=270692&np=&nsa=&devid=

Example 84:
10 Maywood Park, Raheny, Dublin 5 (Found by Gurramok)
May 13th 850k http://tinyurl.com/uucua
Nov 11th 790k http://www3.myhome.ie/search/property.asp?id=263916&np=&nsa=&devid=

Example 82:
9 Georgian Hamlet, Baldoyle, Dublin 13 (Found by Gurramok)
Oct 7th 450k http://tinyurl.com/y2b9af
Nov 11th 425k http://www3.myhome.ie/search/property.asp?id=289320&np=&rt=search&searchlist=

Example 81:
The Kilns, Portmarnock, Co. Dublin (Found by Gurramok)
Oct 12th 480k (2 bed duplex new build) http://tinyurl.com/y45x6w
Nov 11th 470k (2 bed duplex new build) http://www1.myhome.ie/search/property.asp?id=231433&devid=15270

Example 80:
50 Greenwood Lawn, Ayrefield, Dublin 13 (Found by Gurramok)
Oct 16th 475k http://tinyurl.com/uvpyp
Nov 11th 455k http://www1.myhome.ie/search/property.asp?id=290361&rt=search&np=&searchlist=

Example 79:
65 Carlingford Road, Drumcondra, Dublin 9 (Found by Gurramok)
Oct 12th 650k http://tinyurl.com/yclrul
Nov 11th 635k http://www1.myhome.ie/search/property.asp?id=283910&np=&rt=search&searchlist=

Example 78:
Apt 272 Premier Square, Finglas Road, Dublin 11 (Found by Gurramok)
Oct 5th 400k http://tinyurl.com/ubn2e
Nov 11th 381k http://www3.myhome.ie/search/property.asp?id=291077&np=&rt=search&searchlist=

Example 77:
6 Hansted Place, Lucan (Found by Gurramok)
Oct 5th 375k http://tinyurl.com/yy5who
Nov11th 369k http://www3.myhome.ie/search/property.asp?id=291075&np=&rt=search&searchlist=

Example 76:
18 Delhurst Mews, Ongar Park, Ongar,Dublin 15,West Co. Dublin (Found by Anon. M.)
May '06: €360k (according to Anon. M.)
12-11-06: €317k

See previous post for earlier examples

November 06 Bubble News Articles

2006-11-08T22:02:00.000Z

Some of the latest media articles relevant to the bubble:

Added 08-11-2008
RTE: Central Bank warning on house prices
"The report estimates that house prices are overvalued by 14%."...yeah, and them some! Check out the report: http://www.centralbank.ie/frame_main.asp?pg=fns_srep.asp&nv=fns_nav.asp

**********************************************************************************
Added 03-11-2006
Indo: ECB confirms rates will rise next month
"I suspect that the ECB Council would like to reach 4pc, but external events may yet ruin their plans"....My guess is yes we will reach 4pc in April\May '07 and depending how Germany & France's economies go this will go even higher.

Indo: €3bn stamp duty haul puts Cowen on the spot of the €2.7 billion received from stamp duty, only €70 million relates to first-time buyers

October & Nov-Week1 List of House Price Drops

2006-11-07T20:45:00.000Z

The house market in Ireland, like so many around the world, has been running away with itself for some time now. For some it's been good times, others not so good. For anyone not on the ladder in Eire times are now quite bad, or are they???
I for one believe that the 'value for money' question in Irish housing is the key - THERE IS NO VALUE LEFT!
Banks are pushing all the tricks - 100% mortgages, 35, 40, etc years, when will it end? NOW is the answer.
This blog will list a record of falling prices. A record collated in one location. Please submit all examples - examples must have links to past and current prices.

I'll try to update this list twice weekly

Added 07-11-2006:

Example 75:
31 Curragh Hall Green, Tyrrelstown,Dublin 15,North Co. Dublin (found by WhatHome)
13-10-06: €350k
07-11-06: €330k

Example 74:
21 Emmet House, Inchicore,Dublin 8,South Dublin City (found by HowStrange)
17-10-06: €317k
07-11-06: €300k

Example 73:
584 North Circular Road, Dublin 1 (found by anon)
16-09-06: €599,950
07-11-06: €450k

Example 72:
13 Myra Manor, Malahide Rd, Kinsealy,North Co. Dublin (found by Kinsealy, more in comments)
Old date unknown: €3.1m
07-11-06: €3m

***********************************************************************************
Added 02-11-2006:

Example 71:
Clonavoe, Clonbullogue, Edenderry, Co. Offaly (found by gurramok)
10-05-06: €495k
02-11-06: €480k

Example 70:
Crossreagh Mullagh, Cavan (found by gurramok)
13-05-06: €310k
02-11-06: €300k (Sale agreed)

Example 69:
Benmore, Loughrea, Co. Galway (found by gurramok)
05-07-06: €410k
02-11-06: €390k

Example 68: (found by gurramok)
13-07-06: €430k
02-11-06: €390k

Example 67:
Clogherinkoe, Nr. Broadford, Co. Kildare (found by gurramok)
12-07-06: €399k
02-11-06: €389k

Example 66:
Laurel Lodge, Hodgestown Upper, Donadea, Co Kildare (found by gurramok)
05-07-06: €799,950
02-11-06: €750k

Example 65:
4 Bedroom Detached Bungalow on 0.5 Acres Moate, Ballyhaunis, Co. Mayo
07-07-06: €190k
02-11-06: €180k

Example 64:
Foxford Co. Mayo (found by gurramok)
07-07-06: €280k
02-11-06: €250k

Example 63:
6 Lough Conn Heights, Bonniconlon, Co Mayo (found by gurramok)
11-07-06: €170k
02-11-06: €165k

Example 62:
Samas, Knockacurran, Killea, Dunmore East, Co. Waterford (found by gurramok)
04-07-06: €1.5m
02-11-06: €1.325m

Example 61:
72 Cois Ghruda, Kilbane, Castletroy, Co Limerick (found by gurramok)
15-07-06: €300k
02-11-06: €280k (Sale agreed)

Example 60:
Baltigeer, Kinnegad, Co. Westmeath (found by gurramok)
14-07-06: €410k
02-11-06: €399k

Example 59:
7 High Street, Wicklow Town, Co. Wicklow (found by gurramok)
15-07-06: €310k
02-11-06: €305k (Sale agreed)

Example 58:
Strand View House, Kilcummin, Castlegregory, Kerry (found by gurramok)
09-05-06: €750k
02-11-06: €660k (Sale agreed)

Example 57:
3 Kilcaragh Lixnaw Co Kerry (found by gurramok)
10-07-06: €306k
02-11-06: €299k

Example 56:
Bothar Finnihy, Dromnevane, Kenmare, Co. Kerry (found by gurramok)
11-07-06: €299k
02-11-06: €289k

Example 55:
29 Lutterllpark Drive, Castleknock, Dublin 15 (found by gurramok)
11-07-06: €570k
02-11-06: €530k

Example 54:
Tobergregan , Garristown , Co Dublin (found by gurramok)
14-07-06: €895k
02-11-06: €855k

Example 53:
30 Oak Drive, Royal Oak, Santry (found by gurramok)
July 435k
02-11-06: 420k

Example 52:
102 Shanliss Road, Santry, Dublin 9 (found by gurramok)
Old price: €510k [13-07-06]
New price: €490k [02-11-06]

********************************************************************************
Added 01-11-2006

Example 49-51:
Cloragh Mills, Edmonstown Road, Rathfarnham (found by Whathome)
2-bed duplex - Old price €655k [03-07-2006]
New price €595k [01-11-2006]
2-bed apt - Old price €525k [03-07-2006]
New price €505k [01-11-2006]
1-bed apt - Old price €395k [03-07-2006]
New price €363k [01-11-2006]

Example 48:
Mountseskin Court,, Blessington Road,, Tallaght,, Dublin 24 (Found by Whathome)
New section 23 development dropping price!
Old price: €305k
New price: €260k

*******************************************************************************
Added 21-10-2006

Example 47:
1 Music Hall Apartments, Cows Lane, Temple Bar,Dublin 2 (found by Mish)
Old price: €450k [11-10-2006]
New price: Daft - €400k [21-10-2006]
New price: Myhome - €380k [21-10-2006]
Agent Huntsman - €400k [21-10-2006]

Example 46:
14 Connaught Parade, Phibsborough, Dublin 7
Old price: €480k [17-10-2006] sale agreed??? (found by phoenix_n)
New price: €455k [21-10-2006]

Example 45:
18 Bow Bridge, Kilmainham,Dublin 8 (found by anon.)
Old price: €525k [16-10-2006]
New price: €475k [21-10-2006]
Agent Lowe: €475k [21-10-2006]

Example 44:
206 The Tramyard, Inchicore,Dublin 8 (found by anon.)
Old price: €400k [16-10-2006]
New price: €385k [21-10-2006]
Agent €400k [21-10-2006]
***********************************************************************************
Added 17-10-2006

Example 43:
Brookfield Court, South Circular Road (found by me)
Old Price: €325k [07-10-2006]
New Price: €316k [17-10-2006]
21-10-2006 - Update: Daft: Sold. Final price unknown

Example 42:
76 Tolka Vale Glasnevin (found by phoenix_n)
Old Price: €355k [05-07-2006]
New Price: €335k [17-07-2006] 07-11-06 update: no movement
....note that this might drop further soon - similar apt in same block: €325k ; 07-11-06 update: €317.5k (update by phoenix_n)

**********************************************************************************
Added 13-10-2006

Example 41:
Crazy prices....
Glenbrook, The Scalp Road, Enniskerry, Co Wicklow (found by anon.)
Old Price: €2.6m [06-07-2006]
New Price: €2.4m [12-07-2006]
New Price: €2.1m [12-10-2006]
21-10-2006 - Update: Myhome: no movement

Example 40:
1 Coolgarten, Magazine Road, Cork (found by Whathome)
Old Price: €565k [04-10-2006]
New Price: €525k [12-10-2006]
21-10-2006 - Update: Myhome: no movement

Example 39:
No 16 Shandon Park, Phibsborough, Dublin 7 (found by Phoneix_n)
Old Price: €750k [29-05-10]
New Price: €730k [13-10-2006]
21-10-2006 - Update: Myhome: no movement

********************************************************************************
Added 11-10-06

Example 38
17 Chipping Terrace
23/08/2006 €380k
01/09/2006 €370k

Example 37
41 Delhurst Avenue
08/08/2006 €360k
02/10/2006 €350k

Example 36
22 Annally Drive
23/08/2006 €355k
28/08/2006 €355k
01/09/2006 €325

Example 35
7 Hayworth Close
08/08/06 €330k
06/10/06 €317.5k

Example 34
42 Hayworth Terrace
16/06/2006 €270k
23/08/2006 €245k

......34 to 38 on MyHome.ie. Cannot find cached links
......thanks to anonymous M - keep sending them in! Cached links especially welcome

********************************************************************************
Added 09-10-06

The list below was found by the chatters on http://www.askaboutmoney.com/showthread.php?t=31710

Example 33
7 Daneswell Road, Glasnevin, Dublin 9
Old price €875k [06-07-2006]
New Price: €825k [09-10-2006]
21-10-2006: Update: removed from MyHome

Example 32
20 Laraghcon, Lucan, Co Dublin
Old price: 790k [01-10-2006]
New price: 770k [09-10-2006]
21-10-2006: Update: removed from MyHome. Seller SmithCurley €770k

Example 31
13 Portobello Harbour, Portobello, Dublin 8
Old price: €850k [14-04-06]
New price: €740k [09-10-2006]
21-10-2006: Update: no movement

Example 30
255 Laraghcon, Lucan
Old price: 800k +
New price: 790k [09-10-2006]http://www.myhome.ie/search/property.asp?id=286176Can't find it in the cache but you can see the original amount of 800k furthur down the page..
21-10-2006: Update: removed from MyHome

Example 29
12 Fey Yerra, Off Leopardstown Road, Foxrock, Dublin 18
Old Price: €785k [29-06-2006]
New Price: €745k [09-10-2006]
21-10-2006: Update: no movement

Example 28
26 Pine Avenue, Westminster Park, Foxrock, Dublin 18
Old Price €720k [07-07-06]
New Price €690k [09-10-2006]
21-10-2006: Update: no movement

Example 27
89 Crinken Glen, Shankill, Co Dublin
Old Price €650k [03-07-2006]
New Price €575k [09-10-2006]
21-10-2006: Update: no movement

Example 26
55 Woodview, 55 Woodview, Lucan,West Co. Dublin
Old price €400k [04-07-2006]
New price €381k [09-10-2006]
21-10-2006: Update: no movement

Example 25
100 Ardmore Hills, Ardmore Road Mullingar, Co. Westmeath
Old Price: €600k
New Price: €550k [09-10-2006]
21-10-2006: Update: no movement

Example 24
61 BELVEDERE HILLS BALLINDERRY, MULLINGAR, Co. Westmeath
Old Price: €325k [15-07-2006]
New Price: €315k [09-10-2006]
21-10-2006: Update: no movement

Example 23
75 Ferndale, Huntstown Glen, Dublin 15
Old Price: €360k [06-07-2006]
New price €370k [09-10-2006]
21-10=2006: Update: €360k

Example 22
Ring House, Killanure, Mountrath, Co. Laois
Old price: €380k [13-07-2006]
New Price: €365k [09-10-2006]
21-10-2006: Update: no movement

Example 21
Aylesbury, Adelaide Road, Glenageary, Co Dublin (found by gurramok)
Old Price: €8.5m [04-07-2006]
Now only €7.5m [09-20-2006]
21-10-2006: Update: no movement

Example 20
31A Turvey Park, Donabate, Co. Dublin
Old Price: 290k [15-07-2006]
New Price: 265k [09-10-2006].
21-10-2006: Update: no movement

Example 19
Balivor, 1 Avonmore, Foxrock, Dublin
Old Price: €3.35m [14-05-2006]
New Price: €2.75m [09-10-2006]
21-10-2006: Update: no movement

Example 18
Apartment 135 Bertram Court, Christchurch, Dublin 8
Old Price - €290k (01-10-06)
New price - €280k [09-10-2006]
21-10-2006: Update: no movement

Example 17
26 Portersgate Heights, Clonsilla (found by gurramok)
Old Price: €435k [15-07-2006]
Now €428k [09-10-2006]
21-10-2006: Update: no movement

Example 16
63 Hayworth Terrace, Ongar Village, Dublin 15 (found by gurramok)
Old Price: €365k [03-07-200]
New Price: €350k [09-10-2006]
21-10-2006: Update: no movement

Example 15
87 Templeroan Avenue, Knocklyon, Dublin 16 (found by gurramok)
Old Price: €695k [03-10-2006]
New Price: €669.5k [09-10-2006]
21-10-2006: Update: no movement

Example 14
Old Price: €780k [25-05-2006] (found by gurramok)
New Price €710k [09-10-2006]
21-10-2006: Update: no movement

Example 13
12 The Glebe, Esker Lane, Lucan, Co Dublin (found by gurramok)
Old Price: €395k [03-07-2006]
New Price: €370k [09-10-2006]
21-10-2006: Update: no movement

Example 12
2 Glenwood Road, Raheny, Dublin 5 (found by gurramok)
Old Price: €550k [03-07-2006]
Now €525k [09-10-2006]
21-10-2006: Update: no movement

Example 11
64 Castlecurragh Vale , Blanchardstown , Dublin 15 (found by gurramok)
Old Price: €300k [03-07-2006]
New Price: €280k sale agreed [09-10-2006]
21-10-2006: Update: no movement

Example 10
55 Castlecurragh Vale, Mulhuddart, Co. Dublin (found by gurramok)
Old Price: €345k [08-07-2006]
New Price: €320k sale agreed [09-10-2006]
21-10-2006: Update: no movement

Example 9
155 Bluebell Road, Bluebell, Dublin 12 (found by gurramok)
Old Price: €420k [03-07-2006]
New Price: €395k [09-10-2006]
21-10-2006: Update: no movement

Example 8
21 Limekiln Park, Terenure, Dublin 12 (found by gurramok)
Old Price: €640k [04-07-2006]
New Price: €615k [09-10-2006]
21-10-2006: Update: sale agreed €615k

Example 7
15 Hughes Road North, Wallinstown, Dublin 12 (found by gurramok)
Old Price: €485k [05-07-2006]
Now €460k (sale agreed) [09-10-2006]
21-10-2006: Update: no movement

Example 6
The Paddocks, Adamstown, Co Dublin
2 bedroom apartments started off last week at €305,000 but have now been dropped to €290,000.Original launch details:http://www.unison.ie/irish_independent/stories.php3?ca=303&si=1701582&issue_id=14736New Price: €290,000http://www.dng.ie/search_result_detail.cfm?ID=101618589
21-10-2006: Update: sold out - €305k

Example 5:
Pallas, Portlaoise, Co. Laois
Old Price: €330k [04-10-2006]
New Price: €310k [09-10-2006]
21-10-2006: Update: no movement

Example 4:
12 Muldowney Court Malahide
Old Price: €1.7m [09-07-2006]
New Price: €1.6m [09-10-2006]
21-10-2006: Update: no movement

Example 3:
63 Seabury Crescent, Malahide, Co. Dublin
Old Price: €675k [01-07-2006]
New Price: €635 [09-10-2006]
21-10-2006: Update: removed from Myhome

Example 2:
5 Castleview Crescent, Swords, Co. Dublin
Old Price: €440k [03-07-2006]
New Price €430k [05-10-2006]
New Price: €415k [09-10-2006]
21-10-2006: Update: no movement

Example 1:
265 Lower Kimmage Road , Dublin 6w
Old Price: €700k [03-07-2006]
New Price: €630k [09-10-2006]
21-10-2006: Update: no movement

Note:
1) The 'old prices' are correct as per found cached pages at time of blog publish. These cached pages may change.
2) The 'new prices' are correct as found on live sites are time of blog publish.
3) The first list has been verified and tidied to produce this list

October 06 Bubble News Articles

2006-10-24T20:40:00.000+01:00

Some of the latest media articles relevant to the bubble:

Added 24-10-2006
Indo: Up to 20pc of homes built since 2002 are empty
"The vacant homes are mainly owned by investors who have yet to rent or sell them on"

**********************************************************************************
Added 22-10-2006
House sellers in Dublin have slashed prices by as much as a third in an effort to secure a sale
"A survey found that a couple on the average industrial wage will still need to raise €163,000 - on top of a mortgage - to buy a house in Dublin"....nuff said

**********************************************************************************
Added 21-10-2006
20-10-2006: RteNews: Cowen rules out stamp duty move
Hmmm, were McDowells stamp duty remarks calculated to both take the heat out of the market and to keep their their fingernails on the political ladder, reminding voters that it was an election manifesto proposal

***********************************************************************************
Added 18-10-2006
Finfact: Central bank reckons on a soft landing
"Ireland remained "under-housed" compared with other European countries" - is that still the case, considering the number of vacancies and does it include apartment counts? If you have any links to these stats send them in.

********************************************************************************
Added 16-10-2006
Sunday Independent: House market stalls on stamp duty prospects
From an auctioneer: "You only have to count the property pages to see that an awful lot of people now want to sell"

Madness: "In August, a Bank of Ireland property review forecast that by year-end the average cost of a house nationally would be €395,000 and that in Dublin the average price would reach €532,000. "

*******************************************************************************
Added 14-10-2006
Bloomberg.com: ECB's Stark Expects Growth at Top End of Forecasts This Year
"Futures trading shows investors expect the ECB to take its key rate to 3.5 percent in December and possibly raise it one more time in the first half of next year"

Dailyfx.com: EUR/USD Q4 Outlook
Some interesting analysis amongst alot of boring financial facts. One point to take is that oil is at a low price now - if it starts rising again, inflation will rise and then interest rate

********************************************************************************
Added 11-10-2006
Irish Independent: Home loan price war as bank cuts back profits

- Good news there for the desperate few which the banks are now fighting over. I say run for the hills!!!

**********************************************************************************
Added 10-10-2006
Sunday Times: Prepare for a bang when the property bubble bursts
Sunday Business Post: Irish property market living on borrowed time
Bloomberg: European Bonds Decline on Signs Economic Growth Is Quickening (i.e. interest rates to rise)