The 17 Sure Signs Dublin Is Back In A Property Bubble
There seems to be very little doubt that Dublin is the grips of another mini property boom after about 7 years of extreme pain. Everywhere you look around the city the same signs are there that we all remember so well. We just can't stop asking ourselves "are we really going to be this stupid all over again??". Here are the 17 sure signs that the Dublin property bubble is back...
1.There was a 32 page property pull out in the Irish Times last week
The thickness of the IT property supplement a barometer of the Dublin housing bubble. This week: 26 pages. But it's different *this* time.
— Niall Murphy (@murphyslawcork) September 18, 2014
2.This absolutely hideous looking place costs 1000 Euros a month to rent and is what students are having to fork out
3.Permanent TSB is advertising for mortgages for irish houses in AUSTRALIA!
4.The Irish banks are falling over each other to offer mortgages
5.There is an estate agents on Baggot street that looks like a high end hotel
6.So all the houses might not have sold out but there were people camping outside normal houses in Swords for days in advance
Queues for new houses in #Swords as first phase of Millers Glen go on sale pic.twitter.com/FNXOSVtnGj
— Lynsey Kiely (@lynseykiely) September 6, 2014
7.Because politicians are talking about a "soft landing" once again
And there’s no bubble and even if there is it’ll be a soft landing, blah, blah, blah http://t.co/3YIcH4H8g6 #vinb
— Fintan O'Mahony (@levdavidovic) July 30, 2014
8.Because this apartment in Dublin costs 285k
whereas the same money in Germany gets you this...
9.Because estate agents are scanning hand written notes and delivering them en masse
Theyre coming after us again! Having already priced east wall out of existence, everyone in neg equity @broadsheet_ie pic.twitter.com/NgIdvpZ8GV
— buzz o neill (@buzzoneill) September 17, 2014
10.Every city centre hotel lobby you walk into there are "developer types" from the country talking to slick city types from London in hushed tones
11.People are buying cars again like there is no tomorrow. Houses are the next logical step up the ladder
New car sales rise by 2.9pc in June: The number of new cars licensed for the first time increased... http://t.co/vMhSWDvWlr NAMA Ireland
— NAMA Ireland (@namaireland) July 7, 2014
12.Johnny Ronan has bought back his debts, is wheeling dealing once again and could be about to build a huge property beside the convention centre
Celtic Tiger Developers are back in business: Johnny Ronan floated as bidder for Project Wave site in docklands http://t.co/8t7mCBQ2us
— Alice Charles (@alicecharles) September 20, 2014
13.Oh and of course there was the talk of prefabs to sort the housing crisis. Prefabs!!!
Prefabs may be used to tackle housing crisis in Dublin http://t.co/ukrbuvO9it via @IrishTimes - Seriously??
— Fiach Mac Conghail (@fmacconghail) September 15, 2014
14.Because according to one survey Dublin now has the 3rd hottest propety market in the entire WORLD!!
15.Because a Government advisor is trotting out saying that it is not a bubble and that there is a "natural breaking mechanism in place"
Government housing adviser: This is not a crisis, prices have a "natural braking mechanism'' (via @thejournal_ie) http://t.co/NbAHOGDRjG
— NewBeginning.ie (@NewBeginningAdv) September 7, 2014