Noonan says up to 30,000 new houses will be needed annually

WIZE

Minister for Finance Michael Noonan has predicted that up to 30,000 new houses will be needed from next year onwards in particular in Dublin where young couples with children are looking to leave apartments.
Speaking in Limerick today Minister Noonan said house prices are starting to rise again particularly in South Dublin which he said is giving a “strong lead”.
” Dublin as in many other areas is giving the lead and south Dublin is giving us a strong lead according to one survey prices are up 12%... These things can change very rapidly,” he said.
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“There are a lot of young couples with children in apartments now and they are looking at houses. There is probably a shortage of houses in certain family home areas in Dublin. We’d need about 25,000 to 30,000 new houses each year as we plan forward.
“Last year there was less than six built so you can see there is a mismatch now between supply and demand and we would be conscious and we hope the market will pick it up in the first instance,” he added.
Mr Noonan was speaking in Limerick and was responding to two surveys published this morning showing asking prices for houses have risen in Dublin over the past year with south Co Dublin registering a spike. Asking prices continued to decline nationally, though at a slower rate than last year, according to reports by property websites Myhome.ie and Daft.ie.
The increase in asking prices in Dublin is more than 5 per cent – the biggest jump in house-price growth in six years, according to the Daft report. South Co Dublin prices are up 12.2 per cent, according to Daft.ie, and 3.9 per cent, according to Myhome.ie.
This is the strongest annual growth recorded nationally since early 2007, says Daft.ie. Myhome.ie recorded a 1 per cent growth in Dublin in the second quarter of this year compared with last year, with average asking prices at €238,000

http://www.irishtimes.com/news/noonan-says-up-to-30-000-new-houses-will-be-needed-annually-1.1449225


So are the Government and the likes of Daft and Myhome trying to create another bubble or will they use this as an excuse to kick people who are in arrears on their morgage out of their houses to make space?

Either way the banks will not be able to afford to give new Morgages to theses people and also people will be selling their appartments at a loss so wont move out.

Dravokivich

Where are young couples getting the money for it? It's an insane amount to mortgage a house in Dublin, particularly south side...

Nemeses

Do we not have enough empty houses and empty estates already in this country?

errlloyd

Off the top of my head 55k do the leaving cert each year, so I hope to **** they didn't just take the amount doing the lc, subtract the amount who die and come out at 30k

Uriel.

Nemeses wrote: »

Do we not have enough empty houses and empty estates already in this country?

Yep in some places.

The difficulty is, no one wants to live in those places and/or there's no jobs there. The Government should spend more time worrying about facilitating job creation.

Can't see an en mass rise in house prices anytime soon. Nor can I see any major growth in the construction industry. Another €2billion minimum coming out of the economy again for next year, officially "back" in recession now.

Dravokivich

Uriel. wrote: »

The difficulty is, no one wants to live in those places and/or there's no jobs there. The Government should spend more time worrying about facilitating job creation.

I recall reading that a lot of'em ended up getting vandalised as well.

Gatling

30,000 a year to cover the amount of people for rent allowance accommodation

Nemeses

Uriel. wrote: »

Yep in some places.

The difficulty is, no one wants to live in those places and/or there's no jobs there. The Government should spend more time worrying about facilitating job creation.

Can't see an en mass rise in house prices anytime soon. Nor can I see any major growth in the construction industry. Another €2billion minimum coming out of the economy again for next year, officially "back" in recession now.

I can't speak for the area of Dublin..

However, from my own perspective..

Limerick
Plenty of empty estates and wasted estates there - I've worked in Limerick, there are jobs in Limerick.

Cork
Spotted a few empty places around here - In fact there are 3 abandoned houses alone on my street - Fix them up and put them out there.
I currently live in Cork, and by god there are jobs around here as well


Everywhere else. I can't comment.

I can only be in one place at one time fellas!

The Backwards Man

Nemeses wrote: »

Do we not have enough empty houses and empty estates already in this country?

Plenty of them here. I'm planning on building a rocket train to cart commuters from here to the centre of Dublin in less than an hour and a half., charge say €1000 a week for a weekly ticket. Who said we're short of houses?:)

There is probably a shortage of houses in certain family home areas in Dublin.

Do people bother to read anything any more? What he says there is fairly accurate, we have a stupid set-up in Dublin, over the course of the "boom" apartments were built near the centre, estates an hour away. This has led to the situation he describes. I don't see anything controversial in what he says.

Nemeses

The Backwards Man wrote: »

Plenty of them here. I'm planning on building a rocket train to cart commuters from here to the centre of Dublin in less than an hour and a half., charge say €1000 a week for a weekly ticket. Who said we're short of houses?:)

Best of luck with that..

Though I'm not to sure if transportation is your strongest card.

I mean, Horse and cart mounted with rockets just won't cut it TBM.

Boombastic

Developers must be putting the pressure on and passing the envelopes again


Yes a shortage of houses, my goodness. Let's get building

Sleepy

I'd be one of those who'd be interested in buying a house in a decent family area of North Dublin in the next few years. I've no interest in commuting to work from Portlaoise, buying an apartment, living in a rough area or buying one of the cowboy builds that were thrown up around Clarehall at the end of the boom so a new build in the right area might well interest me (at the right price obviously).

I think the biggest problem we face, however, is that the majority of the land available to build on that falls within the bounds of the M50 tends to be around areas that I wouldn't want to raise a family in. There's not much in the way of unused land in Clontarf, Raheny, Malahide etc. and I'm sure the same is true of desirable areas on the southside and that's not likely to change any time soon. From what I've seen of the property market, it's these very areas where house prices are rising again, presumably being purchased by those who managed not to get burnt in the crash and anecdotally frequently by people who grew up in these areas that can finally afford to purchase in them now that prices are more reasonable.

the groutch

problem is that there is no more land to build houses in the areas people want to live.

ScumLord

Dublin doesn't need more houses, it needs better apartments.

Stone Deaf 4evr

errlloyd wrote: »

Off the top of my head 55k do the leaving cert each year, so I hope to **** they didn't just take the amount doing the lc, subtract the amount who die and come out at 30k

Where did you go to school? most of my year managed to make it out alive :P

OneArt

There are plenty of lovely empty housing estates near large towns as well.

Is this Noonan character actually just a brick and not a real person?

tritium

errlloyd wrote: »

Off the top of my head 55k do the leaving cert each year, so I hope to **** they didn't just take the amount doing the lc, subtract the amount who die and come out at 30k

No you silly billy

30 k is a bit over half of 55k because lots of couples buy houses

The difference is those who can't get a girlfriend/ boyfriend but are doing well


Silly billy....

Balmed Out

tritium wrote: »

No you silly billy

30 k is a bit over half of 55k because lots of couples buy houses

The difference is those who can't get a girlfriend/ boyfriend but are doing well


Silly billy....

though he was correct that all those who do the leaving cert buy houses in Dublin. Its definitely where Noonan got the figure.

tritium

Balmed Out wrote: »

though he was correct that all those who do the leaving cert buy houses in Dublin. Its definitely where Noonan got the figure.

Ah another silly billy

Read the report in the op again - the 30k isnt specific to dublin but particular emphasis is on the need in some areas of Dublin

Silly Billy's, sigh.....

Celly Smunt

So what he is saying is we need to turn expand Dublin into Kildare,Wicklow and Meath.I can't think of any area in Dublin that could supplement 5000 new houses never mind 30000.

Wompa1

He's talking out of his arse. He is trying to stoke up some business into construction to try and get another faux economic boom going. Get that carousel turning again so they exact same thing can happen, idiots spend more than they have and wind up broke.

suicide_circus

the groutch wrote: »

problem is that there is no more land to build houses in the areas people want to live.

there's no more room for the way we are used to building, think it might be time to bite the bullet, catch up with the 20th century and start building UPWARDS

Celly Smunt

suicide_circus wrote: »

there's no more room for the way we are used to building, think it might be time to bite the bullet, catch up with the 20th century and start building UPWARDS

They can't do that,that would only make sense.

washman3

No lessons learned from the farce that was the 'Celtic Tiger'
Here we have the Minister For Finance trying to stoke up another property bubble. incredible.
If it was just some clown like Jim Power we could just laugh..

Nemeses

I'm the minister of Financing me.. Problem sir?

mike65

Send everyone to Longford.

washman3

mike65 wrote: »

Send everyone to Longford.

Or send some jobs to Longford..

Outkast_IRE

ScumLord wrote: »

Dublin doesn't need more houses, it needs better apartments.

Quite right, some decent sized apartments in the right area, built to a high spec would sell no problem.

mike65

washman3 wrote: »

Or send some jobs to Longford..

Is the correct answer! Plus the other 22 counties that hardly get a look in.

L.Jenkins

So we could see another building boom!

Sleepy

Or move all social housing recipients to Longford, leaving Dublin for those of us who earn enough to live there

donegal_road

Max Keiser on Noonan.. says it all really

https://www.youtube.com/watch?v=q7bAfjKy5Z4

AlekSmart

donegal_road wrote: »

Max Keiser on Noonan.. says it all really

https://www.youtube.com/watch?v=q7bAfjKy5Z4

Hey...is that an RT.....E programme.....?

Interesting little bit (7:14) about the Anglo-Irish Pension Scheme's funding status....?

Nice one Lads....;)

mikom

Noonan says up to 30,000 new houses will be needed annually.....

in Australia.

Lucena

Before another house or apartment is built in this country, a few things need to be put in place:

It should be a legal obligation that new-build housing conforms to high environment and energy standards. Properly insulated (heat, sound), proper amounts of natural light etc. Some of the houses I’ve been in (built since the 90s-00s) were so poorly sound-proofed you could hear the beep every time the neighbour got a text message.

There should also be building inspectors whose job it is to make sure the building conforms to these standards, with regular inspections throughout the building process. No arriving at the end when the job is finished to find out if the right insulation was used.

However this all takes time and political will to put in place. These inspectors have to be trained, and once trained, they have to be paid.

I can’t see it happening in Ireland unless the EU makes it obligatory. Wouldn’t want to restrict “development” and “economic growth”, even at the price of people living in sh1tboxes.

April O Neill

Nemeses wrote: »

Do we not have enough empty houses and empty estates already in this country?

Indeed. The problem is, nobody wants to leave in a soulless estate in Laois if they work in Dublin...

AlekSmart

Outkast_IRE wrote: »

Quite right, some decent sized apartments in the right area, built to a high spec would sell no problem.

Even odder still,is the reality that some of the best designed and constructed Apartment Complexes in Dublin City Centre in this regard were built by Mick Wallace's Company.......;)

I wonder if Graham Linehan could fashion something out of the debris in which we now scrabble around in ??

The Irish Times paid €50 million for myhome.ie in January 2007. No vested interest.

shruikan2553

Could always do something to encourage companies to set up jobs somewhere that isnt dublin, has high unemployment and low cost of housing. If there are jobs and services in these areas people will move to them.


Turn somewhere like donegal into an experiment for this. Plenty of land to build from scratch a properly planned area. If it fails it will still be treated like a desolate wasteland and if it is successful we have a new urban area. This assumes that someone could plan a town in this country so probably not possible

Akrasia

WIZE wrote: »

http://www.irishtimes.com/news/noonan-says-up-to-30-000-new-houses-will-be-needed-annually-1.1449225

So basically, Urban sprawl is official government policy now

Fantastic.
In most other capital cities in Europe, apartments and related infrastructure are designed to allow for families. In Ireland, because the facilities are so awful, people with families all aspire to live in houses in the suburbs.

I hate our politicians so goddamn much.

This is the same dope who, over a year ago, said the economy was going to rocket.

http://www.boards.ie/vbulletin/showthread.php?t=2056579174


This is the caliber of our finance minister.

goose2005

Akrasia wrote: »

So basically, Urban sprawl is official government policy now

Fantastic.
In most other capital cities in Europe, apartments and related infrastructure are designed to allow for families. In Ireland, because the facilities are so awful, people with families all aspire to live in houses in the suburbs.

I hate our politicians so goddamn much.

AH shure, like Enda said, Paddy likes to have a big house on a bit of land so that he can paint it and stand back and look at it.

fishy fishy

I would suggest listening to what Noonan and all the rest of FG and (non) Labour advise - and then do the exact opposite.

this is a sure way to keep yourself out of trouble and debt.

fishy fishy

fishy fishy wrote: »

I would suggest listening to what Noonan and all the rest of FG and (non) Labour advise - and then do the exact opposite.

ah give him a break he is only the minister for Finance with the power to put you on the hook for billions and billions of bad debts that have nothing to do with you

stateofflux

The Backwards Man wrote: »

Plenty of them here. I'm planning on building a rocket train to cart commuters from here to the centre of Dublin in less than an hour and a half., charge say €1000 a week for a weekly ticket. Who said we're short of houses?:)

Monorail?

donegal_road

Deleted User wrote: »

The Irish Times paid €50 million for myhome.ie in January 2007. No vested interest.

+1

/thread

Dostoevsky

This state could always do something radical like redistribute the resources of Ireland more fairly - for instance, start building up other cities and towns like Galway, Waterford, Donegal and so on - rather than pumping most of the state's industrial/service/employment resources into the Dublin region, or rather just County Dublin (houses in Navan etc are relatively cheap).

That would solve many problems, not the least of which is that people who can only get jobs in Dublin have to pay much more/give up more of their financial freedom to buy a house here. Dublin's growth in the past 40 years has been at the expense of the rest of the state. There's no rational reason why this pattern should continue to be supported by state policy and finances.

WIZE

stateofflux wrote: »

Monorail?

Did sombody say Monorail

Well, sir, there's nothing on earth
Like a genuine, bona fide
Electrified, six-car monorail
What'd I say?

Monorail
What's it called?
Monorail
That's right! Monorail

Monorail
Monorail
Monorail

I hear those things are awfully loud
It glides as softly as a cloud
Is there a chance the track could bend?
Not on your life, my Hindu friend

What about us brain-dead slobs?
You'll be given cushy jobs
Were you sent here by the Devil?
No, good sir, I'm on the level

The ring came off my pudding can
Take my pen knife, my good man
I swear it's Springfield's only choice
Throw up your hands and raise your voice

Monorail
What's it called?
Monorail
Once again
Monorail

But Main Street's still all cracked and broken
Sorry, Mom, the mob has spoken

Monorail!
Monorail!
Monorail!
Monorail!

Mono, d'oh

Nemeses

WIZE wrote: »

Did sombody say Monorail

Well, sir, there's nothing on earth....

Mono, d'oh

Did you just copy and paste from Google a quote from the Simpsons ??

Why do that.. when you can youtube it!

WIZE

Im in Work. Im not allowed on youtube due to Streaming issues