Irish Property Market 2020 Part 2

brisan

Smouse156 wrote: »

The article was written in 2019 but stated sales launched in 2017 and 88 had gone sale agreed. I could see a few fall through but 78/88 falling through (before pandemic)...something seems just wrong there

Builders and EAs not telling the whole truth
I am shocked

brisan

bubblypop wrote: »

what do you think Sinn Fein will do for you?

We do not know if SF proposals will work
We do know FFG proposals have not worked

brisan

bubblypop wrote: »

But no-one in your position would vote for Sinn Fein surely, so who exactly is going to vote for them?

All those who voted for them the last time plus those who became eligible to vote since the last election plus more disillusioned house hunters

brisan

OwlsZat wrote: »

Donaghmede is like Darndale and Ballgriffin. I'm happy to drive through, but I wouldn't advise slowing down.

Wins the prize for the most ignorant post of the week and it has some real competition

brisan

PropQueries wrote: »

A-rated 3 bed 106m2 units in Donaghmede reduced their prices today by €25k to €375k. Good value? I don't know the area.

Link on MyHome.ie here: https://www.myhome.ie/residential/brochure/45a-45b-grangemore-crescent-donaghmede-donaghmede-dublin-13/4395315

They were built in side gardens
Not a bad area
Shops church schools etc on your doorstep .
15 min walk to DART
Overpriced a bit considering Parkside was on sale near by for 400k ,but Parkside has less amenities close by

brisan

PropQueries wrote: »

I don't know. From looking at streetview in the map section of the MyHome page, the estate looks like many other middle class 3-bed semi detached tree lined estates in Dublin. There aren't many places in Dublin that aren't located within a short walk of the so-called bad areas. But, as said, I don't know this area, so I'll go by your judgement.

Which is totally wrong ,the judgement that is

brisan

fliball123 wrote: »

Do you know the area beacause I do very well Donaghmede in itself is a mature area with an aging popoulation. 2 primary schools and 1 secondary school within the area itself. There are places all around it that are being built up but for the spot itself it is actually not a bad spot mostly working class and it has good facilities, their is a big shopping center and has the 29A bus route and a DART station in Howth Junction... good strong soccer teams donaghmede utd and GAA team Trinity Gaels .. I would have no bother living there again I never had any trouble when I lived there.

Secondary schools within a walk of those houses include
De la Salle
Grange community college
Donahies community school
Gaelscoil Reachtaran (sp)
Within a short bus ride
St Pauls
Manor house
Mount Temple

brisan

brisan wrote: »

All those who voted for them the last time plus those who became eligible to vote since the last election plus more disillusioned house hunters

I have no idea why disillusioned house hunters would vote for them, sure they won't do anything for working people looking to buy homes!

brisan

bubblypop wrote: »

I have no idea why disillusioned house hunters would vote for them, sure they won't do anything for working people looking to buy homes!

If as they say they build more social housing that will free up more houses for house buyers

PropQueries

brisan wrote: »

If as they say they build more social housing that will free up more houses for house buyers

According to the below housing agency report as at Q2 2019: "The four Dublin local authorities combined (Dublin City, Dún Laoghaire, Fingal and South Dublin) have 29,698 households on their waiting lists".

Building homes for 29,698 households is hardly an insurmountable challenge to say the least.

But then again, I read this morning in the Irish Times:

"Dublin City Architect Ali Grehan said we must enable people to move around sustainability and give less space to private cars. Private car use is a fantasy built on this idea that we can all move around on a whim and travel around the country in our private cars is a fantasy that is built on cheap oil. And that is on the way out."

Oil is not on the way out and it's only expensive because they tax it so much.

If this is the standard of thinking of our decision makers in the council, I'm not surprised the housing issue is such an insurmountable challenge.

Link to housing agency report here: http://www.housingagency.ie/sites/default/files/SHA-Summary-2019-DEC-2019-WEB.pdf

Link to Irish Times article re. Dublin City Architect here: https://www.irishtimes.com/news/environment/future-of-people-driving-around-country-in-private-cars-is-fantasy-built-on-cheap-oil-1.4376109

brisan

PropQueries wrote: »

According to the below housing agency report as at Q2 2019: "The four Dublin local authorities combined (Dublin City, Dún Laoghaire, Fingal and South Dublin) have 29,698 households on their waiting lists".

Building homes for 29,698 households is hardly an insurmountable challenge to say the least.

But then again, I read this morning in the Irish Times:

"Dublin City Architect Ali Grehan said we must enable people to move around sustainability and give less space to private cars. Private car use is a fantasy built on this idea that we can all move around on a whim and travel around the country in our private cars is a fantasy that is built on cheap oil. And that is on the way out."

Oil is not on the way out and it's only expensive because they tax it so much.

If this is the standard of thinking of our decision makers in the council, I'm not surprised the housing issue is such an insurmountable challenge.

Link to housing agency report here: http://www.housingagency.ie/sites/default/files/SHA-Summary-2019-DEC-2019-WEB.pdf

Link to Irish Times article re. Dublin City Architect here: https://www.irishtimes.com/news/environment/future-of-people-driving-around-country-in-private-cars-is-fantasy-built-on-cheap-oil-1.4376109

Re the cars
PP for the old Chivers factory in Coolock was granted
However there is only one car parking space for every two apartments
On an old convent site in Killester MKN are building houses and apartments
Only 1 parking space per property allowed and you are not allowed sell ,lease ,rent or otherwise dispose of your parking space
Reasons given is that there are plenty of public transport options

PropQueries

brisan wrote: »

Re the cars
PP for the old Chivers factory in Coolock was granted
However there is only one car parking space for every two apartments
On an old convent site in Killester MKN are building houses and apartments
Only 1 parking space per property allowed and you are not allowed sell ,lease ,rent or otherwise dispose of your parking space
Reasons given is that there are plenty of public transport options

And at the same time Bus Eireann "Services between Dublin and Cork, Dublin and Galway and Dublin and Limerick will end, probably early next year".

Link here: https://www.independent.ie/irish-news/news/bus-eireann-set-to-close-inter-city-expressway-routes-39568518.html

I think what Frank Grimes once said to Homer Simpson: "I'm saying you're what's wrong with America, Simpson. You coast through life, you do as little as possible and you leach your decent hardworking people like me. Ha! If you lived in any other country in the world you would have starved to death long ago." probably applies to the vast majority of the decision makers in this country too.

Hubertj

PropQueries wrote: »

According to the below housing agency report as at Q2 2019: "The four Dublin local authorities combined (Dublin City, Dún Laoghaire, Fingal and South Dublin) have 29,698 households on their waiting lists".

Building homes for 29,698 households is hardly an insurmountable challenge to say the least.

But then again, I read this morning in the Irish Times:

"Dublin City Architect Ali Grehan said we must enable people to move around sustainability and give less space to private cars. Private car use is a fantasy built on this idea that we can all move around on a whim and travel around the country in our private cars is a fantasy that is built on cheap oil. And that is on the way out."

Oil is not on the way out and it's only expensive because they tax it so much.

If this is the standard of thinking of our decision makers in the council, I'm not surprised the housing issue is such an insurmountable challenge.

Link to housing agency report here: http://www.housingagency.ie/sites/default/files/SHA-Summary-2019-DEC-2019-WEB.pdf

Link to Irish Times article re. Dublin City Architect here: https://www.irishtimes.com/news/environment/future-of-people-driving-around-country-in-private-cars-is-fantasy-built-on-cheap-oil-1.4376109

Interesting to see the types of people that benefit from the taxes we pay.

Hubertj

PropQueries wrote: »

And at the same time Bus Eireann "Services between Dublin and Cork, Dublin and Galway and Dublin and Limerick will end, probably early next year".

Link here: https://www.independent.ie/irish-news/news/bus-eireann-set-to-close-inter-city-expressway-routes-39568518.html

I think what Frank Grimes once said to Homer Simpson: "I'm saying you're what's wrong with America, Simpson. You coast through life, you do as little as possible and you leach your decent hardworking people like me. Ha! If you lived in any other country in the world you would have starved to death long ago." probably applies to the vast majority of the decision makers in this country too.

To be fair bus Éireann is a basket case. Public transport has been held back in this country due to a combination of under investment, awful management and trade unions. When things get back to some level of normal hopefully private operator will pick up the routes and run them properly.

Smouse156

brisan wrote: »

Builders and EAs not telling the whole truth
I am shocked

Naturally, nearly every report they publish is lies! The Irish Times (king of property porn) published this yesterday claiming there was 62/85 sold in Brighton Wood Foxrock when in reality there is 40 (PPR)...perhaps they sold 22 overpriced houses in the last month but my guess is they didn’t!

https://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/boutique-foxrock-apartments-with-touch-of-class-from-560-000-1.4373641

The only thing however, is they hardly exaggerated by that much (claiming 88 sales but only got 10) about Lansdowne Place

PropQueries

Hubertj wrote: »

To be fair bus Éireann is a basket case. Public transport has been held back in this country due to a combination of under investment, awful management and trade unions. When things get back to some level of normal hopefully private operator will pick up the routes and run them properly.

True. The private operators in this country are excellent. But the CIE problems are more to do with the "CIÉ fails to get agreement on tackling €550m pension deficit".

I never understood why the state allows the majority of citizens in this country to suffer because of pension promises made to a few workers that could never be met. If the CIE workers truly believe these pensions are justifiable, they should increase their own contributions instead of cutting services and increasing fares for ordinary workers, most who are on significantly lower salaries than them. I also don't believe they should have the right to sell their bus depots etc. to meet these pension liabilities (that's actually a plan they have). It's not their property to sell.

Link to Irish Times CIE pension deficit here: https://www.irishtimes.com/business/transport-and-tourism/ci%C3%A9-fails-to-get-agreement-on-tackling-550m-pension-deficit-1.4275915

MacronvFrugals

Hubertj wrote: »

To be fair bus Éireann is a basket case. Public transport has been held back in this country due to a combination of under investment, awful management and trade unions. When things get back to some level of normal hopefully private operator will pick up the routes and run them properly.

At least 5 or 6 times i'v watched as a privately run 'Go Ahead' bus flew by me with my hand out.

JimmyVik

brisan wrote: »

Re the cars
PP for the old Chivers factory in Coolock was granted
However there is only one car parking space for every two apartments
On an old convent site in Killester MKN are building houses and apartments
Only 1 parking space per property allowed and you are not allowed sell ,lease ,rent or otherwise dispose of your parking space
Reasons given is that there are plenty of public transport options

So I live in Dublin now. I could live in Dublin without a car. But I travel (well i used to before the world ended) to other places in the country quite often.

If I wanted to get from Killester to say, my grannys house in Croughfoil, county Limerick by public transport, im pretty sure its not going to be pretty.

Even google, when you choose public transport, is confused.

"Sorry, we could not calculate transit directions from "Killester, Clontarf East, Co. Dublin, Ireland" to "Croughfoil, Curraghafoil, Co. Limerick, Ireland""

I can drive it in about 2.5 hours though.

PropQueries

JimmyVik wrote: »

So I live in Dublin now. I could live in Dublin without a car. But I travel (well i used to before the world ended) to other places in the country quite often.

If I wanted to get from Killester to say, my grannys house in Croughfoil, county Limerick by public transport, im pretty sure its not going to be pretty.

Even google, when you choose public transport, is confused.

"Sorry, we could not calculate transit directions from "Killester, Clontarf East, Co. Dublin, Ireland" to "Croughfoil, Curraghafoil, Co. Limerick, Ireland""

I can drive it in about 2.5 hours though.

I would assume that most of these "decision makers" are on flexi-time. I would also assume using public transport around 10.30 every morning is not quite the horror show it is at 7.30 in the morning...

lalababa

I'm just jumping in here from nowhere... apologies. The cost of sites and new builds (with all the reg.s) is particularly high and onerous.
There's a architect that built a small (60m2)3bed house in lovely Leitrim in around 2008 (so within spec for 2008 reg.s) .
The cost of the materials & electrician & plumber was 25k. The actual build was done free gratis by handy friends. Site cost? Payments to hook up to services was extra 10k (don't know how close site to services was).
Made by simple techniques ...timber frame , clad top to bottom with what looks like corrugated iron but was made of onduline (paper saturated with bitumen under pressure/heat)
Hard to say but at a guess I reckon that the foundations and outer shell could be done in 2 weeks work max by two builders (one a carpenter), or roughly 4k labour.
His website is Irishvernacular.com .
The whole house was super insulated and could be heated by a single 1.5kw in the depths of winter.
I wonder how all the new reg s since after 2008 would change the plan of this house??🀔

PropQueries

I've noticed many new builds in Dublin priced at around the €525k mark (as below). But, the HTB only applies to properties that cost €500k or less.

Does anyone have any idea why a developer would price a new build at €25k over this limit and remove a significant percentage of potential buyers from being interested in their properties?

Link: https://www.myhome.ie/residential/brochure/2-waterside-place-malahide-county-dublin/4461070

Bubbaclaus

PropQueries wrote: »

I've noticed many new builds in Dublin priced at around the €525k mark (as below). But, the HTB only applies to properties that cost €500k or less.

Does anyone have any idea why a developer would price a new build at €25k over this limit and remove a significant percentage of potential buyers from being interested in their properties?

Link: https://www.myhome.ie/residential/brochure/2-waterside-place-malahide-county-dublin/4461070

Perhaps 500k wouldn't have a high enough profit margin?

HotDudeLife

Just set a reminder on my phone for this day next year, so going out on a limb here and predicting a 15% drop in Dublin and around the same nationwide give or take 5% from the height of the market 2017/2018.

It's all crystal ball stuff, but this economic depression will be something else. Hope i am wrong though

Smouse156

Bubbaclaus wrote: »

Perhaps 500k wouldn't have a high enough profit margin?

Most likely to see what they could squeeze out of the 525k asking first with room to drop to 500k if enough didn’t buy

beauf

JimmyVik wrote: »

So I live in Dublin now. I could live in Dublin without a car. But I travel (well i used to before the world ended) to other places in the country quite often.

If I wanted to get from Killester to say, my grannys house in Croughfoil, county Limerick by public transport, im pretty sure its not going to be pretty.

Even google, when you choose public transport, is confused.

"Sorry, we could not calculate transit directions from "Killester, Clontarf East, Co. Dublin, Ireland" to "Croughfoil, Curraghafoil, Co. Limerick, Ireland""

I can drive it in about 2.5 hours though.

When you watch US TV you notice people living in cities keeping cars in a parking garage nearby but not in their own building. They generally don't use their car unless heading out of town.

beauf

lalababa wrote: »

I'm just jumping in here from nowhere... apologies. The cost of sites and new builds (with all the reg.s) is particularly high and onerous.
There's a architect that built a small (60m2)3bed house in lovely Leitrim in around 2008 (so within spec for 2008 reg.s) .
The cost of the materials & electrician & plumber was 25k. The actual build was done free gratis by handy friends. Site cost? Payments to hook up to services was extra 10k (don't know how close site to services was).
Made by simple techniques ...timber frame , clad top to bottom with what looks like corrugated iron but was made of onduline (paper saturated with bitumen under pressure/heat)
Hard to say but at a guess I reckon that the foundations and outer shell could be done in 2 weeks work max by two builders (one a carpenter), or roughly 4k labour.
His website is Irishvernacular.com .
The whole house was super insulated and could be heated by a single 1.5kw in the depths of winter.
I wonder how all the new reg s since after 2008 would change the plan of this house??🀔

There are lots of alternative ways to build. There's an argument the way we are building is no longer affordable. Lot of resistance to any talk of that.

PropQueries

beauf wrote: »

There are lots of alternative ways to build. There's an argument the way we are building is no longer affordable. Lot of resistance to any talk of that.

I would believe the narrative being put out about the high cost of building is a cover used by both land owners and the state to distract from their input into the cost base.

If land and government taxes, levies etc. are removed from the equation, housing is very affordable to build even allowing for existing profit margins.

coldfire1x

Another company letting employees work from home permanently:

https://www.theverge.com/2020/10/9/21508964/microsoft-remote-work-from-home-covid-19-coronavirus

PropQueries

coldfire1x wrote: »

Another company letting employees work from home permanently:

https://www.theverge.com/2020/10/9/21508964/microsoft-remote-work-from-home-covid-19-coronavirus

Thanks. The interesting part is that it’s Microsoft and they appear to be allowing some employees to relocate internationally.

Hubertj

PropQueries wrote: »

Thanks. The interesting part is that it’s Microsoft and they appear to be allowing some employees to relocate internationally.

Where are you getting that information from? I don’t see it in the article.