Vacant Properties in Ireland

Marius34

PropQueries wrote: »

Well between 2019, 2020 and 2021 we will have built at least 60,000 new a-rated homes. That’s seems like an awful lot of new homes over three years for a country with such a small population as Ireland has.

The countries that has stable number of population are building similar number of homes per person. Whereas Ireland is a growing population, thus those numbers are really low.
Number of total property stocks per capita is still going down for number of years now.

PropQueries

Graham wrote: »

Unless we'd built almost nothing for a decade beforehand and demand was greater than the numbers being built.

We’ve built over 100,000 new homes over the past ten years. I wouldn’t define 100,000 new homes as almost nothing.

Graham

PropQueries wrote: »

We’ve built over 100,000 new homes over the past ten years. I wouldn’t define 100,000 new homes as almost nothing.

That's only 10,000 per year.

PropQueries

Graham wrote: »

That's only 10,000 per year.

True. But we had c. 350,000 empty homes after the last crash and the population only increased by c. 170,000 between 2011 and 2016 and of that c. 170,000 increase, c. 100,000 was in the over 65’s.

Graham

You'd wonder where all those homes have gone given demand continues to outstrip supply.

FYI, I'm not entirely convinced by the 350k spare homes theory.

JJJackal

PropQueries wrote: »

We’ve built over 100,000 new homes over the past ten years. I wouldn’t define 100,000 new homes as almost nothing.

According to CSO in 2011, there were just under 2,000,000 homes in the state. Thus 100,000 would be around a 5% increase. Couldnt find 2010 to get an exact 10 year number. It is likely that some of the 2,000,000 have been knocked or got into disuse in that time. Net increase is <5%

PropQueries

Graham wrote: »

You'd wonder where all those homes have gone given demand continues to outstrip supply.

FYI, I'm not entirely convinced by the 350k spare homes theory.

“Almost 350,000 houses and apartments in Ireland are currently vacant, according to new research from University College Dublin. The figure represents 17 per cent of total housing stock in the country. Outside the greater Dublin area more than 1 in 5 houses are empty.“

They broke it down as:” At the height of the boom we couldn’t build fast enough, 90,000 homes went up in one year. Today almost four times that number are lying vacant according to researchers at University College Dublin. Minus holiday homes, empty rentals and derelict houses there are still 170,000 empty units.“.

RTÉ 2010: https://www.rte.ie/archives/exhibitions/894-house-and-home/139161-350-000-vacant-homes/

Graham

Even if you don't dispute the 350k figure, from the same article

Minus holiday homes, empty rentals and derelict houses there are still 170,000 empty units

Hubertj

PropQueries wrote: »

“Almost 350,000 houses and apartments in Ireland are currently vacant, according to new research from University College Dublin. The figure represents 17 per cent of total housing stock in the country. Outside the greater Dublin area more than 1 in 5 houses are empty.“

RTÉ 2010: https://www.rte.ie/archives/exhibitions/894-house-and-home/139161-350-000-vacant-homes/

I’m shocked. CSO, economists, vested interests are all wrong but some punter on boards has it cracked. Unbelievable. Stop all construction. Stop all panning applications now. I’m calling Joe Duffy first thing tomorrow. Just wow.

PropQueries

Graham wrote: »

Even if you don't dispute the 350k figure, from the same article

Minus holiday homes, empty rentals and derelict houses there are still 170,000 empty units

170,000 would accommodate 510,000 persons if each unit accommodated one couple and a child. Hardly an insignificant number given our population is still less than 5 million even today.

Graham

That's assuming

a) the 170k figure is accurate
b) properties are located where there is demand.

Hubertj

PropQueries wrote: »

170,000 would accommodate 510,000 persons if each unit accommodated one couple and a child. Hardly an insignificant number given our population is still less than 5 million even today.

168k of them are uninhabitable

Bubbaclaus

Hubertj wrote: »

168k of them are uninhabitable

And the rest are in Cavan.

Marius34

PropQueries wrote: »

“Almost 350,000 houses and apartments in Ireland are currently vacant, according to new research from University College Dublin. The figure represents 17 per cent of total housing stock in the country. Outside the greater Dublin area more than 1 in 5 houses are empty.“

They broke it down as:” At the height of the boom we couldn’t build fast enough, 90,000 homes went up in one year. Today almost four times that number are lying vacant according to researchers at University College Dublin. Minus holiday homes, empty rentals and derelict houses there are still 170,000 empty units.“.

RTÉ 2010: https://www.rte.ie/archives/exhibitions/894-house-and-home/139161-350-000-vacant-homes/

This report is based on 2006 Census, to estimate the change between 2006 & 2009, and calculate increase. Meaning it's vacancy numbers is not about long term vacancy, or properties in livable conditions. Thus makes not much sense to constantly inappropriately use those numbers, as available properties, if you don't know what that vacancy mean.

Graham

Mod Note

some posts moved from the Property Market 2020 thread.

PropQueries

Hubertj wrote: »

168k of them are uninhabitable

Well if that’s true anyone buying today shouldn’t have much to worry about. But if they do exist, they will begin to re-enter the market at some point and then any person buying today should be very concerned.

Each to their own decision though.