Irish Property Market 2020 Part 2

L1011

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fliball123

Hubertj wrote: »

I’d say it’s a thread where you can post anything you like whether it is fact,, fiction or opinion. Those opinions should be open to debate scrutiny and ridicule. For example, some people believe property prices will not fall or are not over valued, some believe the state can build houses at scale without making a mess of it, other believe Sinn Fein are correct in their theories, some think property prices will fall 50% in 2 years and 75% within 5 years. Some suggest you should take advice from randomers on purchasing a property. Some even pipe on about the last recession.

Another poster (plopqueries) suggested the government will use the proposed reform of direct provision as a method to keep property prices inflated. Now you tell me how should someone react to such a statement? Plausible? Racist? Xenophobic? Idiotic? Trolling? What do you expect on the internet?

Not only this but Props deliberately shifts focus when he is outed for a lie. He/she also has posts that directly contradict what he has previously put up. For example he has been saying there is no housing crisis and then a few posts later he is using the housing crisis to try and prove a different point.

fliball123

dor843088 wrote: »

It's a shame boards.ie is full of nonsense posts like this.

Well when your debating a person who you have proved over and over again that they are lying and then they go off topic for a couple weeks and then try to regurgitate the same lie this is what happens. Props has been doing it for weeks/months now and then he is trying to give advice to some poor poster on here about buying a house or not buying a house when he has an agenda which he will not admit to.

Graham

Mod Note

consider this fair warning.

Any further posts discussing other posters rather than the property market will result in a thread ban.

Hubertj

https://www.myhome.ie/residential/brochure/annesley-gardens-annesley-gardens-ranelagh-dublin-6/4400630

Why do you build “family homes” with little to no gardens? Whatever about the price and how they look can anyone explain the no garden thing?

thefridge2006

Hubertj wrote: »

https://www.myhome.ie/residential/brochure/annesley-gardens-annesley-gardens-ranelagh-dublin-6/4400630

Why do you build “family homes” with little to no gardens? Whatever about the price and how they look can anyone explain the no garden thing?

To fit more houses in to the development? Would be considered a waste of land for the developer?

JustLen

The local authorities demand higher densities also to make the best use of zoned and serviced lands.

Not always the developer seeking higher profits.

In some cases the developer would prefer larger sites/gardens in the case of say a "exclusive" development but will not be granted planning die to zoning etc.

AssetBacked2

Hubertj wrote: »

Could be the Russians instead of the British that invade. I think a Russian sub took Fungi whilst doing recon to invade from the west. They will take Kerry first. Then move onto limerick and turn it into a gulag. Tough times ahead.
Property prices will be leat of our worries in a few months.
Although it will mean jobs for everyone which should ensure a soft landing.
Again this is just my opinion but as likely as the rest on here.
Link to article from 1985 about Russian sub sinking in Irish waters.
https://magill.ie/archive/danger-under-irish-sea

In 2015 this happened
https://www.bbc.com/news/uk-northern-ireland-32333336
Must be linked to property prices.

Again only my opinion. But I have posted links supporting my view.

I'm not supporting any poster but I don't get why you are so riled by the breadth of discussion on Boards.ie. If you don't like reading quite a varied collection of opinions, then why continue to do it? Throwing hissy fits like this post say more about you then the opinions you disagree with.

Twitter allows you to block people on threads, maybe you can find a better home there?

Graham

Mod Note

AssetBacked2, thread banned for 1 week.

Villa05

Hubertj wrote:

Why do you build “family homes†with little to no gardens? Whatever about the price and how they look can anyone explain the no garden thing?

And their called Annesley gardens. Houses are for making as much money as possible not for living.

impr0v

Hubertj wrote: »

https://www.myhome.ie/residential/brochure/annesley-gardens-annesley-gardens-ranelagh-dublin-6/4400630

Why do you build “family homes” with little to no gardens? Whatever about the price and how they look can anyone explain the no garden thing?

Because you’ve paid so much for the site.

It’s the latest luxury home offer from Seabren Developments, run by Johnny O’Loughlin and Michael Moran, of the Moran Hotel Group. The pair made headlines 2½ years ago when they purchased the 1.25-acre site for €8.7 million, significantly above its guide price of €4.9 million-plus. The deal was described at the time by selling agent Iain Finnegan of Finnegan Menton as a “record price for a piece of land without planning permission”.

https://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/ranelagh-s-brand-new-street-with-three-beds-from-1-325m-1.4417967?mode=amp

Hubertj

JustLen wrote: »

The local authorities demand higher densities also to make the best use of zoned and serviced lands.

Not always the developer seeking higher profits.

In some cases the developer would prefer larger sites/gardens in the case of say a "exclusive" development but will not be granted planning die to zoning etc.

So you mean if the developer applied for planning to build half as many houses it could be rejected as not dense enough? That’s mad.

Graham

Hubertj wrote: »

So you mean if the developer applied for planning to build half as many houses it could be rejected as not dense enough? That’s mad.

Quite likely.

Most LAs have minimum acceptable housing densities for new developments.

PropQueries

I think this is property related but may be a bit off topic but just to let everyone know The Big Short just started on RTÉ 2 if it’s been a while since ye have seen it.

Cyrus

Hubertj wrote: »

https://www.myhome.ie/residential/brochure/annesley-gardens-annesley-gardens-ranelagh-dublin-6/4400630

Why do you build “family homes” with little to no gardens? Whatever about the price and how they look can anyone explain the no garden thing?

There are gardens from what I can see ? Not big but they are there, I don’t think planning would be granted with no gardens to be fair . See pic 27.

Hubertj

impr0v wrote: »

Because you’ve paid so much for the site.



https://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/ranelagh-s-brand-new-street-with-three-beds-from-1-325m-1.4417967?mode=amp

Yes that makes sense but then others have said less dense development would have been rejected?
There are gardens but I think small for family homes

Financesetc.

<MOD SNIP>

Cyrus

accensi0n wrote: »

Call door to door and see if they can speak fluently.

Speak fluently or the language of economics? You appear to be changing the criteria .

accensi0n

Cyrus wrote: »

Speak fluently or the language of economics? You appear to be changing the criteria .

It's the only way to find out if they're affluent.

Cyrus

accensi0n wrote: »

It's the only way to find out if they're affluent.

Touché

M256

Yara Rich Camouflage wrote: »

Was thinking this too when looking at some friends new builds. Wonder is it down to land prices? squeeze as many houses in as possible to guarantee/increase return? I could be way off here but sure i'll be corrected if so

But 1.35 mil for a 3 storey terraced house with a tiny garden? Who would pay this kind of money? The builders would of course try to maximize their returns but that means there is demand for such nonsense? Is this representative of the market or an outlier?

Cyrus

M256 wrote: »

But 1.35 mil for a 3 storey terraced house with a tiny garden? Who would pay this kind of money? The builders would of course try to maximize their returns but that means there is demand for such nonsense? Is this representative of the market or an outlier?

Let’s see if they sell but I wouldn’t be surprised.

It’s represents a very small portion of the market. There aren’t many new builds in these areas.

enricoh

Hubertj wrote: »

I’d say it’s a thread where you can post anything you like whether it is fact,, fiction or opinion. Those opinions should be open to debate scrutiny and ridicule. For example, some people believe property prices will not fall or are not over valued, some believe the state can build houses at scale without making a mess of it, other believe Sinn Fein are correct in their theories, some think property prices will fall 50% in 2 years and 75% within 5 years. Some suggest you should take advice from randomers on purchasing a property. Some even pipe on about the last recession.

Another poster (plopqueries) suggested the government will use the proposed reform of direct provision as a method to keep property prices inflated. Now you tell me how should someone react to such a statement? Plausible? Racist? Xenophobic? Idiotic? Trolling? What do you expect on the internet?

If direct provision is ended and all asylum seekers are given their own door accommodation as proposed it means more competing against the government for housing. 2100 units required each year for the 3500 expected to arrive each year. There's 7k + in direct provision at the minute so a mere 4k + to clear the backlog! Who knows - if we start handing out the keys we may even get a few more coming!
But yeah racist, xenaphobic etc.

https://news.google.com/articles/CBMiVmh0dHBzOi8vd3d3LmlyaXNodGltZXMuY29tL29waW5pb24vbGV0dGVycy9ob3VzaW5nLXN5c3RlbS1mb3ItYXN5bHVtLXNlZWtlcnMtMS40NDIwNjc50gFfaHR0cHM6Ly93d3cuaXJpc2h0aW1lcy5jb20vb3Bpbmlvbi9sZXR0ZXJzL2hvdXNpbmctc3lzdGVtLWZvci1hc3lsdW0tc2Vla2Vycy0xLjQ0MjA2Nzk_bW9kZT1hbXA?hl=en-IE&gl=IE&ceid=IE%3Aen

The number of applicants for international protection expected per year is 3,500. As 38 per cent of applicants form part of households, and single people could reasonably be expected to share houses, the number of households seeking accommodation would be significantly fewer than 3,500.

Interested Observer

M256 wrote: »

But 1.35 mil for a 3 storey terraced house with a tiny garden? Who would pay this kind of money? The builders would of course try to maximize their returns but that means there is demand for such nonsense? Is this representative of the market or an outlier?

What's 'the market' here? Ranelagh is obviously a very sought after area to live, the houses are aimed at a very small corner of it, I don't think there's too much to read into.

brisan

Villa05 wrote: »

There has been incredible tolerance with regard to property owners breaching this specific planning aspect.

Do you think this tolerance is finished. I'm not so sure, but I'd imagine revenue would have some interesting data after the pandemic, will be interesting to see if action is taken.

There is a glut of new hotels either being built or in planning in Dublin
Those investors may put a squeeze on the Councils to enforce the laws as Air B&B
impacts their business

brisan

JustLen wrote: »

The local authorities demand higher densities also to make the best use of zoned and serviced lands.

Not always the developer seeking higher profits.

In some cases the developer would prefer larger sites/gardens in the case of say a "exclusive" development but will not be granted planning die to zoning etc.

There are regulations regarding minimum private outside space for new build houses and apartments
MKN were pulled up in a planning appeal for a development in D5 and made increase balcony space and outside garden space on some of their new builds
They were also told to ensure attic space could not be converted so that minimum outside space regs could not be broken

PropQueries

enricoh wrote: »

If direct provision is ended and all asylum seekers are given their own door accommodation as proposed it means more competing against the government for housing. 2100 units required each year for the 3500 expected to arrive each year. There's 7k + in direct provision at the minute so a mere 4k + to clear the backlog! Who knows - if we start handing out the keys we may even get a few more coming!
But yeah racist, xenaphobic etc.

https://news.google.com/articles/CBMiVmh0dHBzOi8vd3d3LmlyaXNodGltZXMuY29tL29waW5pb24vbGV0dGVycy9ob3VzaW5nLXN5c3RlbS1mb3ItYXN5bHVtLXNlZWtlcnMtMS40NDIwNjc50gFfaHR0cHM6Ly93d3cuaXJpc2h0aW1lcy5jb20vb3Bpbmlvbi9sZXR0ZXJzL2hvdXNpbmctc3lzdGVtLWZvci1hc3lsdW0tc2Vla2Vycy0xLjQ0MjA2Nzk_bW9kZT1hbXA?hl=en-IE&gl=IE&ceid=IE%3Aen

The number of applicants for international protection expected per year is 3,500. As 38 per cent of applicants form part of households, and single people could reasonably be expected to share houses, the number of households seeking accommodation would be significantly fewer than 3,500.

I think that letter from a member of the advisory group is a prime example of the left hand not knowing what the right hand is doing. Given that the department of housing stated early on (and before the report was published) that their conclusions weren't workable in the real world, the question has to be asked why wasn't the department of housing represented on the advisory group or if they were, their concerns appear to have been entirely dismissed for some reason?

beauf

brisan wrote: »

....
They were also told to ensure attic space could not be converted so that minimum outside space regs could not be broken

What's that regulation?

beauf

I think a lot of new build houses are ruined because of how little outside space, and gardens they have.

New trend is the double space driveway only space for two cars and no front gardens.
But that means they whole street is a drive way and no one visiting has anywhere to park.

If I'm looking at a choice of old house with garden, and new house with almost no garden.
I think to myself I can fix the old house but I can't fix the lack of garden.

I know a lot of people think they don't need a garden. But many do and I think it hurts the resale.

Pete123456

beauf wrote: »

I think a lot of new build houses are ruined because of how little outside space, and gardens they have.

New trend is the double space driveway only space for two cars and no front gardens.
But that means they whole street is a drive way and no one visiting has anywhere to park.

If I'm looking at a choice of old house with garden, and new house with almost no garden.
I think to myself I can fix the old house but I can't fix the lack of garden.

I know a lot of people think they don't need a garden. But many do and I think it hurts the resale.

While I agree with you, the HTB is one of the biggest factors to consider I think. We would happily buy a few year old house and get better value for money in terms of space, but it means having to save that extra 30k while paying ridiculous rents to a PO Box landlord... it really is a shame that the HTB does not apply to energy efficient “nearly new” houses. I understand the aim behind it is to drive building new homes, but it’s like 2 steps forward, one step back