Rfrip wrote: » D'Agger wrote: » The supply will have to increase for the older apartments prices to go down both from a sale and rental perspective I'd imagine/hope. The lack of supply to the rental market is allowing people to charge 1400 for 2 beds and the bubble currently being experienced for 2nd hand housing is only going to be abated by affordable housing being created. Went to a viewing in Jacobs Island a year ago, apartment put up for 180k by DNG Creedon, it was a frenzy, people giving verbal agreements to 220k as I was leaving and it was at that point I decided that I wouldn't be able to buy for a minimum of two years. I'm one of those people who could probably just about afford something now, but would be getting bent over on a 2nd hand housing market that's inflated dramatically in the past 24months. Not worth it IMO so going to wait and see. Stalking the property register at the moment and an apt in jacobs island was on daft for 235k and sold for 210 this month
D'Agger wrote: » The supply will have to increase for the older apartments prices to go down both from a sale and rental perspective I'd imagine/hope. The lack of supply to the rental market is allowing people to charge 1400 for 2 beds and the bubble currently being experienced for 2nd hand housing is only going to be abated by affordable housing being created. Went to a viewing in Jacobs Island a year ago, apartment put up for 180k by DNG Creedon, it was a frenzy, people giving verbal agreements to 220k as I was leaving and it was at that point I decided that I wouldn't be able to buy for a minimum of two years. I'm one of those people who could probably just about afford something now, but would be getting bent over on a 2nd hand housing market that's inflated dramatically in the past 24months. Not worth it IMO so going to wait and see.
GavRedKing wrote: » Rents in Jacobs Island arent all that cheap at the moment. I'd imagine the rent for those new apartments would be more expensive than whats being charged at the moment. 2 bed apartments in Jacobs Island are about €1,400 a month, going by Daft. Similar apartments are up for sale for €235k to 245k. The Haven, the complex closer to Mahon Point, a 3 bed duplex is going for €235k and a 2 bed is going €180k.
AugustusMinimus wrote: » Something will need to be done with traffic in the area. The current setup should not have been allowed. Jacobs Island should be served by a different bridge which should have no access to the SRR. This would give residents a safe and lowly trafficked way out of Jacobs Island and into Mahon. At the same time, this would have allowed the current junction to have been built as a free flow trumpet like Bloomfield. The way it is now is a mess.
snotboogie wrote: » Lot's of housing getting announced now; Mahon, Cobh and Blackpool all in the last week? I just hope that these don't go the same way as the student apartments: Only 34 new student bed spaces delivered since 2016 I know we will have the BAM and UCC apartments coming around next year but given the huge volume of announcements to much fanfare in the last two or three years it's still shocking. I'd say less than 20% of student apartments that got planning in this time have actually started construction. Hopefully the Crows Nest and the Square deal start soon....
marno21 wrote: » A nice change of viewpoint by the Echo in their latest article, which I must commend. Fair playhttps://www.eveningecho.ie/corknews/High-rise-apartment-plan-welcomed-b91a7f65-c2d6-43d4-b87e-b35833c74e48-ds Btw, has anyone called it "Mahon-hattan" yet?
D'Agger wrote: » I'm all for development of Jacobs Island, would help service the businesses out there with people (who can afford it) able to rent close to work. Already has the no.8 servicing it, with the Skehard Rd works hopefully going to improve the traffic flow for public transport there. That said - wasn't a development shot down recently in that area by local councillors stating that it would create a bubble with people charging extortionate rents. That's a fairly vague recollection of it but I remember there being a fairly dumb reason for it at the time.
questionmark? wrote: » Why?
Collio729 wrote: » Just saw a sign telling people to object to the 25 story tower
snotboogie wrote: » https://www.eveningecho.ie/corknews/25-storey-apartment-block-planned-for-Mahon-52cd8c00-5253-482b-bc33-ae4c072f7f47-ds Media finally picked up on the Mahon project, using probably the worst two images I've seen of it as well
marno21 wrote: » You must have misread my post! I said that dense developments along rapid transit corridor(s) are much more preferable to large scale housing developments in satellite towns with motorway commuting encouraged!
Roger Hassenforder wrote: » Yup that's what we need. More fcuking cars! Never thought I'd agree with Mire...
marno21 wrote: » You've got to start somewhere, and if the above go ahead and more development follows, it'll strengthen the case for LRT. I much prefer these developments to more semi Ds in Glanmire or Carrigaline with "proximity to M8/M28" in big writing on billboards.
mire wrote: » No it does not. Cork will need a lot more densification than two projects to make a fixed public transport corridor viable
zetalambda wrote: » Exactly. Once planning is granted for this proposal and the Ford site next to PUC, it pretty much guarantees the viability of an east-west transport corridor using the old railway line.