Re: Re: Has the Bubble Burst on One Off Rural House Sales?
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Not sure if the bubble has burst, but something is happening all right.
In East Cork for example I know of a few houses that are now renting for much less than previously, and people having difficulty selling, all one off houses, while prices for houses in villages (new build and existing) are still rising. Cork CoCo plans for the ‘denseification’ of villages have really delivered though, with new services appearing on an ongoing basis.
A lot of the new market entrants (for both rental and purchase) are immigrants also, people who don’t want to live in the middle of nowhere. Thats another driver.