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Buying a private house in an Affordable Housing Estate

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  • 22-12-2005 3:50pm
    #1
    thejuggler
    Registered Users Posts: 857 ✭✭✭


    Would you do this?

    I understand that there is to be a new housing development launch near where I'm living sometime next year. Approximately 50% of the property wil be private housing the other 50% will be affordable housing. Do you think that the house prices for the private houses will be more competitive than those in a 100% private estate or does it make any difference?


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    #2
    LegacyUser
    Registered Users Posts: 166,026 ✭✭✭✭LegacyUser


    i'd imagine so, yes. you buying in dublin?


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    #3
    seamus
    Registered Users Posts: 68,317 ✭✭✭✭seamus


    The prices will definitely be slightly lower and less prone to serious inflation than in a fully private estate, as the snobs view affordable housing as being akin to council housing.

    Afaik, all new developments now must contain a certain % of affordable housing, so if it's something you want to avoid, you'll be going second-hand.


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    #4
    homeOwner
    Closed Accounts Posts: 779 ✭✭✭homeOwner


    How will the next buyer know that part of the development is affordable housing?


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    #5
    mentalson
    Closed Accounts Posts: 111 ✭✭mentalson


    seamus wrote:
    the snobs view affordable housing as being akin to council housing.

    Afaik, all new developments now must contain a certain % of affordable housing, so if it's something you want to avoid, you'll be going second-hand.

    Unless you are living in Cork. The "snobs" on the Council have refused to enforce this provision so there are no mixed estates.


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