Irish Chapter: Carrig Glas Manor News?

[Marty Bonnar]

Any word of devs here, you fellas?

They're starting to push the Real Estate on Sat TV here now...Retief Goosen, eh? I can't wait.

cheers,
FBD.

[Jack_Marr]

Martin

I have never heard of it. I think they must be selling it abroad - Irish people are reluctant to buy houses at the moment in a falling market.

Faldo is building a course not so far away in Leitrim and Els is doing something beside Old Head. Harrington is doing one, Nicklaus is doing a couple... McGinley...

John

[Matthew Hunt]

Martin

I have never heard of it. I think they must be selling it abroad - Irish people are reluctant to buy houses at the moment in a falling market.

Faldo is building a course not so far away in Leitrim and Els is doing something beside Old Head. Harrington is doing one, Nicklaus is doing a couple... McGinley...

John

Are house prices falling down south?

They doubled in two years in my area!

[Jack_Marr]

Matthew

Yes, they dropped 1 percent this year, the first time in about 15 yrs. House prices have increased massively over that period, so a correction is likely.

My parents house, for example, bought about 20 yrs ago, has appreciated 3,000%. Just buying a very standard 3-bed semi-detached house in Dublin will cost about 400k to 500k euro.

There was an election here, and nobody yet really knows the state of play regarding stamp duty.

John

[Matthew Hunt]

Someone showed my dad a 50 acre farm on the outskirts of doblin for £25,000 20 years ago and said he should buy it. My dad thought they were mad, but now you would get 8 didgets for it.

[Jack_Marr]

Yes, and it means that several golf courses and pitch and putt courses are being bought by developers to turning into housing estates.

[Matthew Hunt]

Jack, Do yous have the same problem as in the north that new golf courses are under the same planning laws as houses. How can a golf couse complete with properety developers for land? I perrsonly think it should be classified as 'parkland'.

[Jack_Marr]

I'm not sure Matthew. I think it's easy enough to get land rezoned down here anyway. And there is a need for housing as the population goes up.

John