"average Dublin house prices should fall to ‘the €300,000 mark" according to Many Lou McD.

There is only one way in which the housing crisis is to be solved, and that is to do the opposite of what caused it.

Namely, a purposeful reduction in population.

With the right policies I have no doubt that the equivalent of an entire city worth of infrastructure and housing could be freed up within two years.

But nobody has the brass neck to do that single thing yet.

A few more years of this increasing insanity will only draw us quicker to the conclusion. Brass necks all around.

A bit more dancing around the elephant in the room in the meantime.

...it would also lead to a significant fall in economic activities, and possible/probably a recession to....

Basically creating an "rte" / 26 counties with top level management with no answer ability only fat pensions leading to the wastage of taxpayers money won't lead to cheaper property, cheaper to get private contractors to build ,this has been proven time and again, from new roads to bridges to houses etc.

Who cares about economics when Sinn Fein have the magic money tree

It's a problem with most government department, you have good staff and then you have staff who in reality are in a position that shouldn't exist. So to make themselves look like they are important etc, they will slow up the work of everyone else.

I found the nurses/doctors etc from overseas in the HSE are excellent in the majority.

I know from my own companies point of view for years they can't get enough staff in Ireland, they hire people from all over Europe and more recently from outside of Europe. This is similar to other companies.

But best of luck with your strategy.

I think that is included. But the average 3 bed apartment is still well above 300k in Dublin.

2 Beds cost more than that.

Does anyone have figures on how many social homes the govt actually delivered last year via local authority construction?

This number would not include private development of social housing - the part 5 social housing stock or social homes bought/rented by local councils from private developers.

I expect the number delivered directly by Local councils is very small, but it would be useful to see those numbers as it will give insight as to the potential for construction of new social homes delivered by govt.

If SF really want to hit 300k average for a 3 bed in Dublin, they would need to be delivering thousands of new homes, directly via local councils.

So what does that local council output look like today?

What is the size of the local council labour force, dedicated to social home new builds?

2022 data

10,263 social homes delivered in 2022 with 43% increase in new-build social homes

From Department of Housing, Local Government and Heritage 

Published on 17 April 2023

Last updated on 17 April 2023

• highest level of new-build social housing since 1975
• 10,263 social homes delivered in 2022 through build, acquisition and leasing
• 7,433 new-build social homes and 1,757 affordable homes delivered in 2022
• strong pipeline of 19,000 social homes on the way

The Minister for Housing, Local Government and Heritage, Darragh O’Brien, has emphasised that the level of social and affordable housing will continue to grow as he published data today for social and affordable homes delivered in Q4 2022 and 2022 overall. The Minister pointed to a strong pipeline with over 19,000 social homes either onsite or at design and tender stage. 5,500 affordable homes will be delivered in 2023.

The figures show 10,263 social homes were delivered in 2022 through build, acquisition and leasing. This represents an 11.9% increase on 2021 figures, when 9,169 social homes were provided. The 2022 output represents the highest annual output of social homes in decades.

Of the 10,263 social homes delivered, 7,433 were new-build, a 43% increase on 2021 figures. This is the highest number of new-build social homes delivered since 1975.

Affordable housing delivery figures were also published today and show that 1,757 homes were delivered in 2022 through Cost Rental, the First Home Scheme and the Local Authority Affordable Purchase Scheme. Through Housing for All, the government’s housing plan, the government has re-introduced affordable housing opportunities. Housing for All has put affordability at the heart of our housing plans. 2,800 affordable homes have already been approved in respect of 42 specific projects across 15 local authority areas with €210 million committed under the Affordable Housing Fund.

I don't think selling 4,000 new houses to qualified buyers with a subsidy attached, so that the selling price is close to the hard costs of construction, will cause overall house prices to fall sharply.

Yes, 300k for a house is quite a lot. I fully understand why someone else might think the same figure represents value for money but I think they are confusing the market price of something with the fair value of it. These, of course, are different things.

However this cost of 280k just like the 300k may also be too high. Again, there's the market price of the thing and then the fair value. It may be that government policy is required to bring about appropriate change in the market so that prices become reasonable for all. Or detrimental government policies may have to be removed or modified.

To be honest I don't know what the appropriate margin should be, but things like labour costs, land costs etc. do depend on heavily government policies and the sale price will depend on demand which, again, is affected by government policies.

The basic point is that the current snapshot market value is only part of the story. Behind that market value is government policy which can change.

Exactly. Even if SF constructed 4000 homes for sale, directly via govt, there would be no material impact on the price of the 2.1 million housing units across the country.

There would be 4000 lucky buyers, sure.

But thats always beem the case.

Its called affordable housing or council tenants being able to buy their property at discounted rates from the council.

Big wins for a small group, but no impact at the macro level.

So you don't know the costs, what the price should be. Just it's the government.