Olivia Kelly, in The Irish Times, reports:
“No newly built apartments or houses are available to buy in Dublin city centre, new figures reveal. Numbers recently compiled by the four Dublin local authorities show that of 56 newly built housing schemes currently on sale in Dublin city and county, only 15 have homes available for less than €300,000 – the Coalition’s “starter homes” threshold.”
Jay.
Sus.
Meanwhile…
Or if you’re on your bike, you’d be welcome to join a @greenparty_ie tour of Dublin city vacant sites.12.30 city quay pic.twitter.com/rTA5cU4XeJ
— Eamon Ryan (@EamonRyan) January 29, 2016
Dublin city centre has no new houses or flats for sale (Irish Times)
Mark Stedman/Rollingnews
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Well, I could do with a ride about now.
C’mere ta me Eamo, that saddle needs buffing!
Hundreds of second hand homes though for less than that:
https://www.myhome.ie/residential/dublin/property-for-sale?maxprice=300000
Clondalkin, Ballyfermot, Finglas?
Eh, no thanks..
How right-wing of you
The deposit myself and the wife need to buy, is almost the entire price my dad paid for the family home
Well look at where 110% mortgages got us. Don’t think we want to got back to that.
And how much was your dad earning each year when he paid for the house?
Not sure.
@Joe Cool.
“The deposit myself and the wife need to buy, is almost the entire price my dad paid for the family home”
McWilliams wrote about that recently. –
http://www.davidmcwilliams.ie/2015/02/02/the-central-banks-new-rules-simply-make-life-even-easier-for-those-who-are-already-wealthy
Hold fast boys and girls. If the market is doing what its supposed to do house prices in Dublin have to fall. Wages simply do not match the asking prices and LTV ratios. If the central bank rules are not interfered with expect to a 10% -!5% drop in house prices in 2016. And not a moment too soon
I’m not so sure. There are two sides to the house price equation. Wages are one side, but the cost to build is another. Building a house in Ireland is currently ~50% more expensive than in the UK, per square foot, excluding land. Obviously some of this is due to the lack of a VAT exemption on construction supplies, but there’s something else (and I don’t know what) also forcing up costs.
Fundamentally, prices will be above (normal) wage rates if the cost to build houses is higher than that…
The poor developers have it so hard. Their huge profits on construction might be down :'(
A much ignored fact is that some people done very well out of the boom years and can now afford to buy second or third properties without mortgages. Combine that with the fact that FG have a clear bias towards the wealthy and your figures are unlikely. I hope you are right mind because if home ownership remains out of the reach of younger people then they will continue to leave.
And who could blame them?
As if anything built in the last 16yrs could be considered safe or up to code
dav falls to his knees, raises his fists to the sky and roars:
‘bluuuuuuueeeshiiiiiiiiiirrrrrtts!!!
Eamon Ryan on a bike conducting a tour is utter farce, does he not use the
Luas at lot of the time into to town from Dundrum.
The Green Party, the prop that kept Fianna Fail in office and that wrecked the
place…..they are just as much to blame as FF….the should be renamed the Wind
Party.
THAT EVIL WIND CONSPIRACY! Wind was created by Big Pharma.