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Apartments in Dublin

  • 21-02-2012 11:31pm
    #1
    JCabot
    Registered Users, Registered Users 2 Posts: 90 ✭✭


    Ex dub living in west cork and was back up in dublin last weekend for the first time in about 8 months. I still have an attachment for the auld city but dont get up there that much anymore.

    From driving on the M50 and around the city its looks as if many of the apartment blocks are empty. I know that we have a major surplus of apartments in Ireland but is this what I was seeing when I was up there ?


Comments

  • #2
    who_ru
    Registered Users, Registered Users 2 Posts: 2,033 ✭✭✭who_ru


    NAMA have mothballed a lot of apt blocks in an attempt to hold back supply from the market so as to artificially keep property prices higher than they otherwise would be. this has also had a upward pressure on rents.

    if you read the press, or talk to friends then you will hear that many people are reluctantly forced into renting as they cannot get mortgage approval, so this has had a knock on effect in reducing the availability of (good) rental stock. there are plenty of s**tholes available for rent in the auld city. the quality of these places is abysmal.


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