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Mrazik

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Posts posted by Mrazik

    Edenderry

    in Northern Ireland

    Posted

    "Surely there can only be a few possible scenarios in which multiple designations, local objections and obvious potential can all be ignored.... "

    Yes, if they're located in Northern Ireland.

    Titanic Quarter Apartments Discussion Thread

    in Northern Ireland

    Posted

    There currently seem to be just 2 TQ apartments on the market (both advertised on Property Pal) :

    2.20. 2 bedroom. Offers over £195,000

    7.23. 2 bedroom. Offers around £189,000

    It'll be interesting to see where prices bottom out as more flats work their way through the courts and onto the market

    Yes, and of course there are no lifeboats anymore...http://www.newsletter.co.uk/news/local/billions_from_england_will_end_paterson_1_2541337

    The View From The Other Side

    in Northern Ireland

    Posted

    It's been a while since I posted but I have been following the forum with interest. I succumbed last year and bought a house in a good central location (not saying where), in an established residential area, with a garden, large park around the corner, and railway station 5 minutes away. I felt it offered good value, approx. 15 per cent below RV, and, following some investment in upgrading, my total financial commitment will equal the rateable value of the property. I suspect I could have purchased it for less had I waited longer but, as I liked it so much, decided to take the plunge. I would hope to live in it for at least 10 years and all of the factors I referred to should, I believe, ensure that it retains its value over this longer timeframe, regardless of the likely economic situation (if some kind of economic Armagedon occurs then the value of the house will be the least of my/our worries!). It's mid-terrace and I've introduced lots of insulation so I would expect to have reasonable running costs.

    For what it's worth, my primary reasons for taking the plunge:

    - Nice, characterful house in excellent location (park/train station nearby, established residential area, close to town centre/shops etc., garden)

    - Realistically priced taking into consideration the "market" and also the condition of the property - below rateable value

    - My mortgage is less than halve what my previous rent was (even after paying insurance etc.) - plus I would have possibility of taking in a lodger to supplement income

    - Would expect serious inflation to eat into debt over coming years (sick of losing money in savings account)

    If I were advising others who haven't yet bought, all things being equal, I would be suggesting that they look towards the end of the summer this year. The economic situation should be a bit clearer and with full rates being payable on empty residential property from October I would expect the supply of houses to increase on the market. No matter when you make the decision you can't escape the fact that you'll be taking a (hopefully) calculated risk. Do your homework and it should work out over time.

    Obel

    in Northern Ireland

    Posted

    Ok fair point re: the rear elevation. But seriously 'the boat'?? What kind of name is that for an apartment complex??

    ;)

    It's so cool I would have called it 'The Iceberg'. :D

    Worst Area In N. Ireland

    in Northern Ireland

    Posted

    I'd have to agree about Craigavon- always try to give it a wide berth a nights. Its a shame though, remember watching a programme about the building of craiavon in 60/70s and people being thrown off land to develop it etc. Now the estates of houses are run down, just seem like they should be ripped down and started again.

    Many of them already have been ripped down and rebuilt. Doesn't change the fact that it's a soulless, depressing place that should never have been built. It's a testament to the failure of post-war modernist thinking on planning and architecture (although thankfully they didn't get round to building high-rise) as well as an unfortunate victim of the early years of the Troubles.

    Northern Ireland Economy

    in Northern Ireland

    Posted

    http://www.bbc.co.uk/iplayer/episode/b00tjg1m/The_Nolan_Show_08_09_2010/

    Go to 57 mins into todays show for the admission that prices have dropped 50% and that it is hoped we are NEAR the bottom.B)

    I liked the quote from Peter Curistan on residential property prices which have "fallen because there's no money available". I don't see that changing anytime soon and in fact wouldn't be surprised if another liquidity crisis hit like in 2008. :ph34r:

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