As sales of homes worth over €1m plunge in Ireland, where are they and who is buying them?
https://m.independent.ie/irish-news/as-sales-of-homes-worth-over-1m-plunge-in-ireland-where-are-they-and-who-is-buying-them/a498406796.html
Posted by norodaisy
9 Comments
Stupid calling a €1m house a “luxury property”. It’d just about buy you a basic three bed in a place that’s not a kip.
People who get up early
People with well paid jobs and other properties in Dublin Castlebar and Brussels.
Isn’t that Christy Burke’s house
i pretty sure they stay put since the expenses of having an empty house is zero
For a 900k mortgage (10% deposit), you need an income of 225k, which is 110k per person assuming it’s a couple. That’s certainly a high end salary, but it’s not exactly unheard of. I suppose it’s also a bit more unusual to have both the spouses to earn a high salary. I didn’t even account for mortgage exemptions where they go over the 4x salary limit, or higher amounts of deposit saved (though we’re already talking about very high deposits here).
There’s a 750k house 100m from mine and no one is interested. Like most things here it’s so close to being worth it but they took a short cut, the house is beautiful but theres no private access the drive essentially drives through a neighbours farm and house. So close to being worth it but so far.
Probably because they’re unlikely to be rented out by grubby landlords or vulture funds.
A lot of these are likely people trading up and carrying a good chunk of equity from previous buy.