Le case vengono vendute per una media del 9% in più rispetto al prezzo richiesto, poiché gli acquirenti per la prima volta si assumono più debiti
https://www.thejournal.ie/homes-being-sold-for-9-above-asking-price-displayed-on-property-websites-6588809-Jan2025/
di Banania2020
8 commenti
All of the schemes like HTB, FTB just increase the price of houses and go straight into developers pockets. Archaic planning laws are the problem.
*Homes being sold for an average 9% above asking price, as the FFG voting comfortable class accumulate more wealth*
“Above asking price” is a completely meaningless metric. The “asking price” is just a number to get people looking at the house. The vast majority of sellers in the current market are expecting the house to sell well above “asking”, and have absolutely no intention of accepting the asking price. Sellers and estate agents deliberately set the asking price lower than what they expect to get.
A house I know came up for sale in rural Clare last year. Very nice, 6 bedrooms, .8 of an acre and not far from Ennis. Asking price was €485,000. Which seems like an absolute bargain. There were 60 people at the first open viewing (most houses in Clare in this price range would get maybe 10 or 15). There was also a second open viewing, that I’m sure also attracted a lot of attention. Of course, the house wasn’t actually “in this price range”, and the sellers weren’t really “asking” for €485k. This was obvious as soon as you set foot in it.
The house sold for €712,000. That’s 47% above “asking”.
Asking could have been set at €650,000, and it still would have sold for more. But it wouldn’t have generated half the interest for the EA.
Reality is we buy houses in Ireland unlike anything else in this world.
People work out how much is the absolute max they can borrow, add their deposit and start looking in that range.
When interest rates drop, people see that as more money they can spend on the house.
It feels like the whole concept of an ‘asking price’ is obsolete in this market. Its essentially a bidding war with a listed price that the vendor wouldn’t accept but the REA merely uses to drum up interest.
I remember when I bought in 2021 hoping the house prices would drop. We went sale agreed for 12k over asking and the house is currently valued 80k above what we bought for. When will it stop rising?
This can only end well
I’m in the process of selling our house in Ireland and buying one abroad, we left Ireland for a trial year to see if we liked it and now we’re making in permanent. Where I am now there is also price inflation and high demand but whatever price the agent asks is the starting position to negotiate down, you take into account how long the house is on the market, what repairs it needs etc, then you make your offer of 10-20% below asking.
The house in Ireland is bonkers, the agent keeps talking about €500k being a psychological barrier, based on interest he’s confident that bids will hit €495 really quickly and if he can get one bidder to jump past €500k then all bets are off and others will feel better about bidding that high. I thought he was crazy so I did a bit more research looking at new builds in the area and what do you know, semi-d’s like mine are on sale now for €500k, we bought 2 years ago for €390k and felt that was high.
The big reason for us leaving though is even though we worked our asses off to buy that home, we then couldn’t get a creche, or register with a GP, or get access to treatment for one of our kids (big wait even with health insurance). Now we’ll live a better life with more sun and a much much smaller mortgage.