Tag Archives: Property

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Why don’t they build more houses in Dublin?

They have a market now what’s stopping THEM?

Not so fast.

Yesterday members of Property Industry Ireland, Dr. Peter Stafford, Aidan O’Hogan, Tom Phillips, chair of the planning and regulation committee and Ms Marian Finnegan, member of the market supply and demand committee appeared before the Joint Committee on the Environment, Culture and the Gaeltacht to discuss the subject of commercial and domestic property – supply and demand.

Mr Phillips revealed in relation to the one of the reasons developers were not building dwellings is that penal levies were being imposed on them and therefore it was not in their interest to build at this time.

“…the Metro in Dublin adds a levy to certain developments. The Metro is on hold, but the levy is still in place. The levy is there for a 30-year period. If the money has not been spent in 30 years, it can be refunded to the developer. I can think of no other levy that has a 30-year life span. There is another special levy in Kilternan. To build an apartment in Kilternan, one pays a levy of €11,000 per residential unit and then a special levy of over €40,000. It works out at €55,000 per unit in levies. That is apart from a potential windfall tax, Part V social housing and other costs. There are many costs. That is the situation for people who have land at present. It is a tricky point…”

Anyone?

Oireachtas.ie

Meanwhile…Pace of property price hikes picks up again – CSO (Irish Independent)

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“…a throwback to the crazy days of the property boom, house hunters have begun queuing overnight for a new homes scheme in Swords, Co Dublin, that will not open to the public until Saturday. Three or four parties queued overnight at the Millers Glen development [from Gannon Homes] near Applewood in Swords in order to secure their places at the top of the queue for 60 newly-built homes launching on Saturday at 2pm. This morning a number of others have joined the queue…

You tried to tell them.

Hell, we all tried.

They’re going to have to learn the HARD way.

*squeezes reused tea bag*

House hunters queuing five days ahead of Swords estate launch (Madeleine Lyons, Irish Times)

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Apartments for ants?

A council spokesman said: “In the heart of Dublin’s north inner city, in an area extending from the North Circular Road to the River Liffey and from Amiens Street to Dorset Street, over 46pc of all homes have just one bedroom or less. Half of these homes were built over the past 20 years.”

But..

….Fintan McNamara, a spokesman for the Residential Landlords Association of Ireland, disagrees about over supply of accommodation for single people households. He is convinced that micro flats are needed to address the shortage of affordable rental accommodation because so many bedsits have been taken out of the market since the authorities banned the division of old houses into flats which shared bathrooms and other facilities…

Independent.ie Is Micro Really Dublin’s Next Big Thing? (Independent.ie)

Previously: Self Contained Studio

Pic: Smartspace

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The Irish Post reports:

FOUR per cent of sales from a recent auction headlined by the ‘cheapest house in Ireland’ went to British-based buyers, who snapped up a total of €1.2million worth of property

Of the 1,500 properties sold in previous Allsop auctions, 120 have been snapped up by British buyers accounting for £11.5million in total sales.

A whopping €34million worth of stock was sold in total at the recent auction

Theyre buying US back.

British Bidders Snap Up €1.2 Million Of irish property At Ausction (Irish Post)

Earlier: Sure What’s €410,000?