Ausdave Posted January 31, 2013 Share Posted January 31, 2013 Well, if it's fact that this house in BT9 is down to 76.43% of its peak value from 2007 then surely everywhere in the province MUST follow suit from here on in. Yeah, good luck with that. Try 20% under RV. Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted January 31, 2013 Share Posted January 31, 2013 It says a lot about the state of NI when the most affluent street in the country is populated with lawers and property developers. To think we created wealth at one stage. Now we consume. Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted January 31, 2013 Share Posted January 31, 2013 Yeah, good luck with that. Try 20% under RV. Already there Dave. Have been for some time. Quote Link to comment Share on other sites More sharing options...
Ausdave Posted January 31, 2013 Share Posted January 31, 2013 Already there Dave. Have been for some time. Talking about that specific property. Quote Link to comment Share on other sites More sharing options...
Shotoflight Posted January 31, 2013 Share Posted January 31, 2013 Well, if it's fact that this house in BT9 is down to 76.43% of its peak value from 2007 then surely everywhere in the province MUST follow suit from here on in. The story just states it was sold and what the asking price was. Who knows what it sold for? Less than asking, presumably. Quote Link to comment Share on other sites More sharing options...
macstella2012 Posted January 31, 2013 Share Posted January 31, 2013 Yeah, good luck with that. Try 20% under RV. 50 Malone Park Malone Lower Belfast BT9 6NN Property Details Description : House Outbuildings Garden Capital Value Non-Exempt : £1,050,000.00 Capital Value Exempt : £0.00 Property Size : 275.00 Square Metres Central Heating : Yes Garage : Yes minus 20% under RV as you've suggested = £840,000 Luck not needed - Reality Quote Link to comment Share on other sites More sharing options...
Ausdave Posted January 31, 2013 Share Posted January 31, 2013 50 Malone Park Malone Lower Belfast BT9 6NN Property Details Description : House Outbuildings Garden Capital Value Non-Exempt : £1,050,000.00 Capital Value Exempt : £0.00 Property Size : 275.00 Square Metres Central Heating : Yes Garage : Yes minus 20% under RV as you've suggested = £840,000 Luck not needed - Reality Thanks for the catch up, try re reading a few posts up. Quote Link to comment Share on other sites More sharing options...
macstella2012 Posted January 31, 2013 Share Posted January 31, 2013 The story just states it was sold and what the asking price was. Who knows what it sold for? Less than asking, presumably. A sale has now been agreed for the premises for the more humble sum of £825,000 according to Ulster Property Services. Quote Link to comment Share on other sites More sharing options...
macstella2012 Posted January 31, 2013 Share Posted January 31, 2013 and we all know sale agreed means sale possible but not guaranteed. Absolutely - Just going back to Jonathan Davis on the Nolan show saying that prices will drop to 80% in NI - I wonder if that time is now fast approaching? Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted January 31, 2013 Share Posted January 31, 2013 and we all know sale agreed means sale possible but not guaranteed. This is sold. Quote Link to comment Share on other sites More sharing options...
Shotoflight Posted January 31, 2013 Share Posted January 31, 2013 A sale has now been agreed for the premises for the more humble sum of £825,000 according to Ulster Property Services. Yip. Estate Agent confirms they got full asking price. http://www.u.tv/News/Sale-agreed-on-NIs-record-price-house/4f2b06c6-08aa-402b-a5a9-66cc5a0d2b92 Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted January 31, 2013 Share Posted January 31, 2013 (edited) The Greek has still come out of this with a 2.6 million loss. That's a lot of money no matter how rich you are. Edited January 31, 2013 by 2buyornot2buy Quote Link to comment Share on other sites More sharing options...
macstella2012 Posted January 31, 2013 Share Posted January 31, 2013 Yip. Estate Agent confirms they got full asking price. http://www.u.tv/News/Sale-agreed-on-NIs-record-price-house/4f2b06c6-08aa-402b-a5a9-66cc5a0d2b92 That 4 bed detached off Malone Road £250k- I'm wishing to grasp will be hitting the market soon. Bring it on. Quote Link to comment Share on other sites More sharing options...
Ausdave Posted January 31, 2013 Share Posted January 31, 2013 That 4 bed detached off Malone Road £250k- I'm wishing to grasp will be hitting the market soon. Bring it on. Yeah, good luck with that. Try 20% under RV. Quote Link to comment Share on other sites More sharing options...
macstella2012 Posted January 31, 2013 Share Posted January 31, 2013 Yeah, good luck with that. Try 20% under RV. Will do. Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted January 31, 2013 Share Posted January 31, 2013 Did you buy this time last year in bt9 by any chance Dave? Quote Link to comment Share on other sites More sharing options...
PJ1977 Posted January 31, 2013 Share Posted January 31, 2013 The Greek has still come out of this with a 2.6 million loss. That's a lot of money no matter how rich you are. He should try to claim it on his lawyer son's professional indemnity cover. Quote Link to comment Share on other sites More sharing options...
Shotoflight Posted February 2, 2013 Share Posted February 2, 2013 Government's bedroom tax is the stuff of nightmares http://www.belfasttelegraph.co.uk/opinion/columnists/jane-graham/governments-bedroom-tax-is-the-stuff-of-nightmares-16268775.html The latest Coalition fillip is the new 'bedroom tax' which comes into force in England in April, with Northern Ireland to follow. The gist is, if you have a room in your house which the government thinks you don't need, they'll take around £650 out of your existing annual housing benefit. If you can't afford that, you'll have to find a new house. Well, they promised they'd get us moving! Quote Link to comment Share on other sites More sharing options...
Shotoflight Posted February 2, 2013 Share Posted February 2, 2013 (edited) CML estimates 35% of NI households in Negative equity. Could it be more? Presumably it's growing by the week. Negative equity plagues homeowners Council of Mortgage Lenders estimates there are 719,000 households with mortgages worth more than the property http://www.guardian.co.uk/money/2013/feb/02/negative-equity-plagues-homeowners Worst hit is Northern Ireland, which hitched a ride on the Celtic Tiger but has come down with a painful bump. It is estimated that around one in three households in the province is in negative equity. Edited February 2, 2013 by Shotoflight Quote Link to comment Share on other sites More sharing options...
Sure thing! Posted February 3, 2013 Share Posted February 3, 2013 CML estimates 35% of NI households in Negative equity. Could it be more? Presumably it's growing by the week. Negative equity plagues homeowners Council of Mortgage Lenders estimates there are 719,000 households with mortgages worth more than the property http://www.guardian.co.uk/money/2013/feb/02/negative-equity-plagues-homeowners Worst hit is Northern Ireland, which hitched a ride on the Celtic Tiger but has come down with a painful bump. It is estimated that around one in three households in the province is in negative equity. If true that's a gobsmacking number, zombie nation.. Quote Link to comment Share on other sites More sharing options...
Shotoflight Posted February 3, 2013 Share Posted February 3, 2013 Renting hampers buying First-time buyer shortage a concern, says Nationwide http://www.bbc.co.uk/news/business-21268850 Housing charity Shelter said that rising rents were preventing people from saving to buy their own property. Shelter called on the government to do more to dismantle what it is calling the "rent trap". "Rising rents are leaving people with little or nothing to save at the end of each month, giving them little chance of ever saving enough to climb on to the property ladder," said the charity's chief executive, Campbell Robb Quote Link to comment Share on other sites More sharing options...
Shotoflight Posted February 3, 2013 Share Posted February 3, 2013 In the UK housing market it’s back to the 1970s http://sluggerotoole.com/2013/02/02/in-the-uk-housing-market-its-back-to-the-1970s/ Northern Ireland’s housing stock of 765,000 properties is worth £72 billion. The region has experienced the steepest fall in a single year -just over 10% last year or 50% over 5 years. Still, one person’s investment disaster is another’s opportunity. Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted February 4, 2013 Share Posted February 4, 2013 So cutting http://www.newsletter.co.uk/lifestyle/property-news/mcilroy-s-ex-holly-s-cut-price-penthouse-1-4748363 The place when built, was marketed at offers around 600k. Safe to say Rory paid cash so would have expected a significant discount. Looks like she expects to make a profit. On an apartment bought in 2009. Good luck with that. Quote Link to comment Share on other sites More sharing options...
Shotoflight Posted February 4, 2013 Share Posted February 4, 2013 UK construction PMI stuck at lowest level since July British construction output fell again in January, with the pace of contraction remaining the fastest since last June, missing economists' forecasts. http://www.telegraph.co.uk/finance/newsbysector/industry/9846787/UK-construction-PMI-stuck-at-lowest-level-since-July.html However, Howard Archer, chief UK and European economist at IHS Global Insight, said the PMI survey indicates that the sector’s problems are far from over. "Even allowing for a likely significant hit to activity from the snow the January purchasing managers’ survey suggests that renewed construction contraction is more likely than not in the first quarter of 2013," he said. "For now at least, the construction sector continues to face major headwinds, notably including limited public investment and spending, an extended weak economy, a still struggling housing sector, and problems in getting funding for large-scale projects." Michael Conroy Harris, construction expert at global law firm Eversheds, said government backed projects were the key to regeneration of the UK construction sector. "In reality, we will continue to see sustained contraction and the only thing that will slow this is likely to be a move towards significant Government backed projects," he said. "That UK construction continues to contract comes as no surprise - the market has some way to go before it reaches a sustainable size. "Furthermore, comparisons with the size of the sector at its peak in 2008 don't serve any real purpose as we're not going to see the market return to that size any time soon, if ever." Quote Link to comment Share on other sites More sharing options...
Shotoflight Posted February 4, 2013 Share Posted February 4, 2013 Deposit scheme to avoid disputes between tenants and landlords http://www.bbc.co.uk/news/uk-northern-ireland-21319864 It has been criticised by the Landlords Association as being too bureaucratic. However, it has been welcomed by student leaders as "a victory for students and other tenants" Quote Link to comment Share on other sites More sharing options...
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