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What's driving rents and HP's?

  • 21-10-2016 11:29pm
    #1
    Hoffmans
    Registered Users, Registered Users 2 Posts: 1,069 ✭✭✭


    Things are chugging along in deiseville
    but not at the pace of cork ,galway or Dublin , so what's driving these Celtic tigerish rents and house prices, a false economy or a cosy cartel?


Comments

  • #2
    Wanderer78
    Registered Users, Registered Users 2 Posts: 30,443 ✭✭✭✭Wanderer78


    Supply supply supply! Probably many landlords in negative equity as well, wouldn't surprise me if many bailed out of the market as soon as they can.


  • #3
    Hoffmans
    Registered Users, Registered Users 2 Posts: 1,069 ✭✭✭Hoffmans


    Wanderer78 wrote: »
    Supply supply supply! Probably many landlords in negative equity as well, wouldn't surprise me if many bailed out of the market as soon as they can.

    The cgt tax break kicks in 2019 there will be a housing glut then when they all cash in their chips, well worth waiting till then if you were buying , they trying to get 70k plus for mouldy shells at the moment...:)


  • #4
    Wanderer78
    Registered Users, Registered Users 2 Posts: 30,443 ✭✭✭✭Wanderer78


    Hoffmans wrote: »
    The cgt tax break kicks in 2019 there will be a housing glut then when they all cash in their chips, well worth waiting till then if you were buying , they trying to get 70k plus for mouldy shells at the moment...:)

    id have to agree with david mcwilliams et al, this tax rebate was just a reaction from the government by pressure coming from the building industry's lobbyists, and it will more than likely just drive up housing prices further. sadly i feel another bubble coming.


  • #5
    Hoffmans
    Registered Users, Registered Users 2 Posts: 1,069 ✭✭✭Hoffmans


    Wanderer78 wrote: »
    id have to agree with david mcwilliams et al, this tax rebate was just a reaction from the government by pressure coming from the building industry's lobbyists, and it will more than likely just drive up housing prices further. sadly i feel another bubble coming.
    This particular break was entered in 2014 only , hold a property for 60 months
    Cgt liability is reduced to zero ,don't know if vultures can avail of this too..


  • #6
    invara
    Registered Users, Registered Users 2 Posts: 442 ✭✭invara


    Jobs/employment drive rent and house price increases. We stopped building houses for 10 years but each year about 50-60k people leave home, usually in pairs .... as these people get jobs they seek housing. During the recession they emigrated or stayed living at home waiting for their independent live to start. Lower job creation in SE compared with the rest of Ireland explains the price recovery gap.


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  • #7
    Kadser
    Banned (with Prison Access) Posts: 102 ✭✭Kadser


    Multi-nationals employing non-nationals. 75% of their staff are non-Irish. Wait 'till Brexit kicks off and more companies move here.


  • #8
    robtri
    Registered Users, Registered Users 2 Posts: 5,473 ✭✭✭robtri


    Kadser wrote: »
    Multi-nationals employing non-nationals. 75% of their staff are non-Irish. Wait 'till Brexit kicks off and more companies move here.

    where you get them figures from? interesting to look them over


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