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

And what about the jobs going servicing these companies. The money they spend in the economy.

They are banking on this metaverse direction as social media in its current state has peaked and on the way down. I think they will be the big one to fall in this downturn. They already made the biggest one day loss in history this year of 232bn.

Government of the last 10 years has being way to Dublin centred and that was down to the boom in the technology sector and Dublin city being seen as a silicon Valley type spot.

My only fear now is that Ireland has became to reliant on these tech companies interms of construction jobs like data centres and office builds as well as the jobs themselves. Dublin city already seeing vast empty office spaces that were built, data centres now are nearly maxed out in terms of energy availability, and interest rates rising looks like it will hit the tech sector and growth. The knock on affect is job losses not only in tech but construction, materials and engineering services too. That's a big part of Ireland economy.

went to view a property…good apartment but in shambles..was rented out and the owner owns 2-3 properties up north and this one in south..

no white goods in kitchen and unfurnished..an open boiler with pipes visible in one of the bedroom..soiled carpet ! Possibly tenants left it in a mess so they got rid of everything.

Agent said owner wants out from all his property in this boom before things go south..very honest lady 😅😅 !

The apartment will get sold purely because many renters are on notice and will have to buy something ! Thats your demand right there which is outpacing supply

Housing almost certainly a factor here; teachers leaving Dublin due to high cost of living. Who can realistically replace these teachers without housing costs dropping materially?

This is just a sensational state of affairs.

Good to see a response to rising costs, now if we could do the same for the costs of land, margin, white collar grab, competent regulation, professional fees selling costs etc.

We need not wait for direct labour (the most value add component of costs) to take action. Materials have fallen sharply since that survey was taken, labour will follow suit when the recession kicks in.

The survey is contradictory to the results of one of our builders last week who said that rising costs were offset by changing work practices and they even increased there margin.

Again looks like action when we feel like it to reduce costs. Look at the other far more damaging costs and we will se progress

In the UK their is extra pay for civil servants living in London. I've never heard a mention of it here for Dublin, even with the new pay talks at the minute I haven't heard the unions pushing it.

It seems a no brainer to me that any extra is to be spent on a Dublin allowance - e.g say 20% extra for those living there n 10% extra for those commuting in

Really on top of the other pay rises you do know the rest of us have to pick up that tab, thanks but no thanks the public sector employees are running the same race and jumping the same hurdles when it comes to "living somewhere" as those of us in the private sector with their bonus of their guaranteed pensions, pay increments and job security giving them a very healthy head start, so if they want to live in Dublin that is a personal choice and as a tax payer I think it would be very wrong for us to cover their choice by paying them another 20%.

From my POV, friends who are middle class cant afford children. most are in their mid 30s. Friends who would be considered 'working' class, have 2 - 3 kids from different partners and paying 40e per month for a corpo 3 bed. Ireland system is designed to encourage this behavior. I feel sorry for front line staff, nurses, firemen, teachers.. I see education being next big crises.

We need 40k permits because we have low skill labor shortage.