Irish Property Market chat II - *read mod note post #1 before posting*

restricting air bnb appears to work in other countries with similar housing issues .... with current homing crisis here government has no choice but to find solutions fast i.e. make it work - next election in under 3 years . ..

Far as I remember Dublin CC has not been properly enforcing the rules so they were being widely flouted.

Blame old people…blame the government….blame the Ukrainians…..blame the funds…blame social housing…..when the problem is that as a country we build f all for 10 years while our population expanded with skilled immigration to fill job vacancies

That’s depressing you’d assume there must be development value or something can’t see anyone paying that for that as a single dwelling.

Fair point, in that decade, we had multiple policies and apparatus that deterred building

NAMA, punitive borrowing costs for development, selling development land to investment funds happy to sit on IT while the practice was accommodated by the state. Regulation that disencentivised small developers, while large devolopers had there hands tied in NAMA.

The best time to invest and build is at the bottom of a crash, this appears to have been wholly prevented by the state.

A massive missed opportunity for the country

The days of the small developer are long gone since 2008 as they don’t have access to credit to build as banks won’t lend to them due to the capital cost that was introduced worldwide to prevent the risks that caused the banks worldwide to go bust…..The government had no say in this being adopted. Without Funds providing finance there would be no developments undertaken as no developer would have access to finance because the banks won’t lend for property development.

NAMAS mandate was to recover costs and make a profit where possible….This is what the country wanted to see to recover costs of the bank bailout.

I agree that we should have been building after the crash and the government should ideally have stepped in and built but let’s not forget the country was bankrupt and the IMF and Germany were dictating a policy that they have since admitted was flawed and that made the recession worse.

Just look at the numbers of immigrants that came to Ireland to fill well qualified jobs this put as much pressure on the housing market as the Ukrainian refugees are at the moment and this increase in demand caused rents to rise as there was no developments happening because people previously employed in the building trade took up employment elsewhere. If the government was able to step in and build after the crash this wouldn’t have happened. The German and IMF policy of austerity contributed to the housing crisis we see today. And just to be clear I’m not blaming Immigration as they are paying takes and contributing. I am just pointing out that this lead to an increase in demand that was unable to be meet because house building wasn’t happening due to access to finance, lack of workers and the fact that it takes time to get the building machine up and running to be able to deliver in any meaningful quantity.

No I’m not I’m just summarising what posters have been blaming for the housing crisis in recent posts. As for the BS of blaming older generations it makes no sense…Really is it there fault that we have a shortage of housing because they bought a house that they lived in their whole life!!!!

There are green fields all around Ireland but only a limited amount of land devoted to residential property….There is nothing to stop new land being rezoned and built on or a new city/town being developed outside Dublin now that working from home is here to stay.

These workers are paying taxes the same as you and I so it’s not there fault. Just look at San Fran and you see similar issues with housing and the need for lotteries for locals to be able to access housing. The big mistake is to have everything concentrated in Dublin.

Before the IFSC the main option was to emigrate for work.

As for families living in council houses in the city centre working on the Docks…Times have moved on not much work for dockers these days or a need to have an industrial dock in the centre of a city.