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

houses are not disappearing with every death.

if you’re a homeowner in a job, there is zero incentive to vote SF unless you’re a core voter (republicans diehard).

Wonder are the latest figures attributable to the drop in rental properties. How are those people who would be renting, but are not because of no stock available accounted for.

Those in emergency accomodation, returned to parents house, multi family dwellings etc

November 2022

My figures are from the Oireachtas Parliamentary Budget Office, which uses CSO data:

https://data.oireachtas.ie/ie/oireachtas/parliamentaryBudgetOffice/2022/2022-01-12_snapshot-of-the-housing-market-in-2021-part-2_en.pdf

I've no idea what the website tradingeconomics that you're using is, but their data is wrong.

Social housing tenants don't support house price increases either though. They don't own their own homes so costly measures in the budget to prop up house prices are no use to them, they'd rather that money spent elsewhere that actually benefits them. Which more left-wing parties promise to do.

Thats the rub for FF/FG - the only voters who support continual increases in home prices are home owners. And home owners without immediate family members forced to live with them because of a housing crisis at that. Which is fine in state with 75%+ home ownership rate and a reasonable rental market like we used to have, but in a state approaching 50% home ownership rate with a completely broken rental market its not going to be a viable electoral policy.

The very defnition of a Turkey voting for Christmas :)

Id say if also if you are worried about inheritance tax, building your own house or even buying a site, you better avoid SF too.

Actually better to just avoid them if you are even a tax payer.

You will find very few people who ever bought that think it was a bad idea.

You will even find a hell of a lot of people who bought in 2005, 6, 7,8 who thought it was a very bad idea for a few years after who will now have decided that it was a great thing that they bought when they did.

There were some who got burned and had to sell at a loss. But now we all know that once you buy you can ignore the bank if you fall on hard times after and wait it out.

You are one of the few i believe.

Most people suffer some sort of buyers remorse, for anything, and then spend a lot of energy convincing themselves, and especially others, that they have done the write thing and have no regrets. for example all of the people who bought EVs lately and cant charge at home so its costing them a fortune.

In your case if you are stepping back and thinking about it as you should, but would you really have been better off not buying when you did and renting now? Most of us wish we had bought something better than when we had bought, otherwise you would bnevr have any such thing as a second time buyer.

Up to a couple of years ago i would have been all for renting and not buying til you settle down. If come to the realization now that if i were to go back again I would buy the most expensive house I could afford. If I could only afford a shed I would buy that. Simply to get out of the rental market that is already down the toilet and headed for the waste pipe into the ocean at this point. I see no good outcome for anyone renting nowadays anymore. It has been let go too far.

if prices fall in what way would you lose out? as long as you fixed in at a low interest rate and can service the mortgage you dont really lose out unless your ambition is to try buy at a low point in the market which isnt really viable for someone looking for somewhere to live.

In any case, someone who may want to potentially trade up in the future, dropping prices are better for them.

becaus there are hardly any net sellers (some probates) and people are scared to of moving (going to rental, market running away, hardly any options to buy).

"average rents about €990 a month for a 79m2/850 sq ft two-bed apartment" is insane value compared to Dublin prices. Its a huge stretch to call that as bad as Dublin, its anywhere from a half to a third the price.

If you listed a livable apartment at the price of the first apartment being mentioned, €1,074 a month for a 3bedroom, you'd get closer to 2000 applicants in Dublin than 200.

You’ll never get teh 990 one

Actual rentals are here.

keep in min they count “Zimmer” all rooms, ie 3 Zimmer = 2bed

all those cheap “Tauschwohnung” are only swappable vs other existing tenancies, ie not available for new arrivals.

https://www.immobilienscout24.de/Suche/de/berlin/berlin/wohnung-mieten

Good old outsourcing making a comeback..

Tell me this - are we still doing self certification of building work?

Hmm. Where will the builders themselves live?