new development is now wrong time to buy in Northern Ireland

missma

I know prices still are dear the ones we were looking at were 185k for semi. I just feel like we are putting life on hold we are early thirtes but there are lots of ppl in worse situation. The house we are in has needed lot of work done that was never planned. Few bits still not properly fixed cause no one can seem to get to bottom of problem.

missma

If prices fall then everyones will fall which will make even more ppl in negative equity. Thing is should ya take a risk or do u keep putting money into a house u do not want to stay in for ever

caz2703

I think at the minute I'd only move if it was a forever house. No point in moving for the sake of it or if you can't put up with what you have at present for a bit longer.

missma

Yea I know what u mean suppose its just at minute feel like how long is "bit longer".

Money_Grabber13579

missma wrote: »

Is in Belfast well outskirts, there are going to be a few phases 2 already released. Thing is I wonder will they have to put prices down with economic climate, some off them are well out of our price range would only be a smaller one we could afford. Or do we stay here for now but then when would be right time? Thinking out loud lol.

Is it Bracken Hill by any chance?! It sounds familiar to what we're looking at!

Money_Grabber13579

tight_arze wrote: »

I would personally wait. We were looking at a new development in Dundonald (don't know if im allowed to mention the name) but the prices are crazy.

The developer is wanting 182.5 k for a detached (no garage), 165k for a semi and 152k for a townhouse. Ridiculous money. I think only 1 of the latest phase has gone sale agreed.

If you wait a while you should get more for your money.

Was that Cooper's Mill? We looked at those, but they were pretty expensive considering it didn't seem the best ever area to live and traffic would be a nightmare.

facingthefuture

look at house price crash forum and the property pin.....do real research, no need to be uninformed.Good luck.

missma

Hi what is property pin??? Moneygrabber I sent u a pm.

thanks

Cpswitch

Unless your job is really secure I would hold on.
also prices are bound to drop when public sector cuts kick in.
If you wait you might even pick up a bargain from the desperate sellers.

leftieM

You won't necessarily be quids-in at this stage doing that but you will be chain free and that will give you huge bargaining power when you buy. STR would be particularly useful if you have relatives you can stay with for 3 - 6 months or you can arrange a short-term let.

If you don't love your current house it will bug you until you get rid of it. Been there, done that!