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How much property can the market take?

Western_sean · 2007-03-16 15:03:48

Following on from this post made earlier, which implies that (based on an average occupancy of 2.4 people per house) at least 4% and possibly as much as 6% of Mullingars housing stock is now on the market. Nationally myhome.ie say the have over 50,000 houses. We know from the ESB and completions data that the total stock…

16-03-2007 3:03pm

#1

Western_sean

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Following on from this post made earlier, which implies that (based on an average occupancy of 2.4 people per house) at least 4% and possibly as much as 6% of Mullingars housing stock is now on the market.

Nationally myhome.ie say the have over 50,000 houses. We know from the ESB and completions data that the total stock is around 1.9million. So we have over 2.6% of our housing stock on the market (On myhome.ie alone!)

How much more stock can this market reasonably take before the general price level is reassessed?

Would it be reasonable to estimate that there are 10,000 other houses out there for sale which are not listed on myhome?

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#2 16-03-2007 5:04pm

whizzbang

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It is actually unclear how many houses are for sale on myhome, they are advertising 50,000 but some people have counted them and come up short so who knows? Daft seem to have 33,000 nearly (http://daftwatch.atspace.com/) and propertypartners.ie have another load but who know how many duplicates there are across all the sites.

Irish Property Watch is probably your best source on this stuff...
http://www.irishpropertywatch.com/
but statistics on the Irish property market are notoriously difficult to pin down.

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