Cyrus wrote: » Be the same wherever they are coming from though won’t it !
Underground wrote: » Ires selling €50m worth of resi units despite 30% increase in rent in the year. If that's not a bellweather I dunno what is.
Ires saw its rental income jump 30pc in the first six months of this year to €29.6m, reflecting the 35pc growth in the size of its residential property portfolio from a year ago.
PropQueries wrote: » Also true. Maybe. But with no social outlet, they may ask to transfer back to their home country fairly fast. No social gatherings and the dark nights coming up to winter would get to anybody eventually.
Cyrus wrote: » If they have already started then they will continue
PropQueries wrote: » That's true, but many were renting rooms in houses. I'd also imagine that a lot of students could only afford to pay the rent on that one bedroom in a house from working part-time in bars, niteclubs, shops, takeaways etc. If they can't afford to rent, they will have to remain at home unless the rent on those bedrooms falls significantly. If they do decide to remain at home or choose a college closer to their home, then that house enters the market as a full family home which would add to the overall supply?
PropQueries wrote: » But isn't the main reason for students spending a year or so in a university in another country to immerse themselves in that country's culture. With no bars etc. open and social distancing in place that can't really happen. Most the textbooks, labs etc. in universities around the world as basically the same for similar courses, so it takes away, in my opinion, one of the main reasons for studying in another country?
JJJackal wrote: » Other reasons: 1) to learn English 2) to do a course they dont have easy access to or is more expensive in their own country (eg USA/Canada to Ireland for Medicine) 3) to do a course not on offer in their own country 4) to do a course that is perceived as better in Ireland than in their own country 5) they are Irish and can consequently do the course cheaper in Ireland than in their new home country Students often do Erasmus type programes for emersion in culture i.e a year or a few months in another country
Hubertj wrote: » I would regard moving to Ireland to study as essential travel. My niece is moving over from Boston to study at trinity. She will quarantine in her apartment. I think colleges will have plans in place - I believe QUB chartered a pane for Chinese students.
TheSheriff wrote: » A potential bellweather indeed; interesting to see who will buy these and for how much!
schmittel wrote: » It's understood Ireland's biggest landlord expects to net €50m... I guess €50m is the asking price. It will be interesting to see whether sale price is higher or lower.
PropQueries wrote: » For example, UCD has 1,500 students from the United States. The Irish independent reported today that the USA will be on the Governments red list, so they most likely can't come over to Ireland. So, I would assume that's 1,500 bed spaces in or around UCD that will be available for other purposes this year. Here's the link form the Irish Independent regarding the red list: https://www.independent.ie/world-news/coronavirus/us-among-covid-19-hotspots-on-travel-red-list-39434368.html Here's the link from UCD about the number of USA students studying at their campus: https://www.ucd.ie/global/study-at-ucd/studyatucd-unitedstatesofamericausa/#:~:text=We%20have%20over%201%2C500%20students,Bowl%20party%20and%20Thanksgiving%20celebrations.
Cyrus wrote: » Can’t come over ? That’s a bit of a leap. As things stand now they can just need to quarantine. One would also assume completing their studies would end up being classified as essential. So they will be able to come back one way or another .
Pelezico wrote: » They are deleveraging....good move.
tigger123 wrote: » People working in retail are generally younger people living at home with their folks, or renting with friends. I dont know how many people working in House of Fraser were about to buy a house (which is a failure in of itself, but that's a separate argument).
PropQueries wrote: » Good point re House of Fraiser. Does anyone have any idea how many jobs could be permanently lost in Dublin due to the fallout of Covid-19? The main reason for young people moving to and living in a major city is of course lots of jobs and that if you lose your job, you can/ should easily land another job in another business nearby. Will these workers remain in Dublin or leave permanently as this would also affect the demand for homes going forward.
JJJackal wrote: » Worth noting that this comes at a time when House of Fraiser just closed down (2.4 million in rent per year apparently) and even if BT and Pennys proceed as planned there is likely to be big empty spaces in Dundrum until post recession. If you suddenly lose your flagship store in the middle of a recession the value of your property decreases... House of Fraiser was in trouble long before COVID19 - but would have been snapped up in January by other stores!
PropQueries wrote: » According to the Irish Independent, Hammerson has cut the value of its Irish assets by almost €100m: https://www.independent.ie/business/commercial-property/hammerson-cuts-value-of-irish-assets-by-almost-100m-39429989.html
JamesMason wrote: » At first a trickle...
