PropQueries wrote: » I think it will come down to who moves first. While I'm not saying I have any knowledge of how well the new builds will sell over the coming 6 weeks, which is a very important selling period, if the developers listed on the stock market see little movement, they may initiate price cuts as they need to show sales and that their existing stock is moving. It will be all about first mover advantage. Then the rest generally follow up fairly fast.
Villa05 wrote: » The reasons you state for price stability/appreciation are the very same reasons why the prices will collapse State paying stupid money for social/affordable housing propping up prices and rents in the private sector. This is happening despite the state having the capacity to provide housing at a fraction of the cost and deliver housing while generating significant profit for the state No repossessions meaning mortgage lending is no longer secured lending. This will mean banks will go bankrupt again in a downturn as they stiil have all there eggs in the property basket
Bass Reeves wrote: » How many houses were build from 2008-2018. usually what happen's is everybody gets the jitters. A lot of small subbies were left with massive unpaid building work as were builders providers. if you are 10 people working for you maybe a 500K wage bill every year, you be getting jittery if houses are not being build. In 2008/9 subbies continued keeping crews together because labour was scarce pre 2007. I know one lad that was left with a 250K personal debt he was not incoporated his business never recovered he had to go down the insolvency route. Government has steadfastly refused to reduce building Vat and costs for the last 10 years they will not start now
Villa05 wrote: » I'd be shocked if these are for regular resedential given their location near the point, Aviva and Luas link to IFSC and beyond. These will be converted to short term let for transient workers and concert/sporting events. Far more financially lucrative than students, resedential letting
awec wrote: » Don’t think there were too many saying that prices would be driven up rurally! Half price houses everywhere was the message on here! I did suggest this but of course there were those saying it couldn’t possibly happen.
schmittel wrote: » How will it affect property? Rents and sales prices will fall in Dublin. Whilst Dublin will always be at a premium the differential between Dublin and the rest of the country will narrow.
Graham wrote: » Pity indeed schmittel, I think we're only sniffing the start of a shift to WFH for some sectors. I don't expect it to be a majority thing but I do expect it to be noticeable.
fliball123 wrote: ok so you reckon the government will pull all support from the property market , cant see it happening not currently I doubt they would pull that trigger considering the effect it would have on the average person on a day to day basis, it has been like this for at least a decade and it would be political suicide for any party who did what your saying
Villa05 wrote: » No, I reckon the electorate will pull support from the government (which to date have been a disaster, won't last long) in favour of a government that can deliver required housing in an efficient manner.
schmittel wrote: » Exactly, nobody has ever suggested that Dubliners are going to vacate the city en masse, but there will undoubtedly be a shift. As prices are set on the margin, it does not need to be a very big shift in demand to have a very noticeable effect on prices. It will also have a range of knock on effects on other businesses and housing requirements in cities. Ultimately I think it will lead to a significant oversupply of 3/4 bed family homes in Dublin suburbs, which is in danger of being compounded by the clamour to build our way out of the current housing shortage. That's another discussion that is difficult to get off the ground!
Walnut Salad wrote: » Anecdotal I know but I know 2 people from Dublin that are doing their work-from-home abroad while their office is closed. One is in the UK and one in France. Both are doing IT work. I am not even sure that their company knows where they are living now.
brisan wrote: Oils you name these concert sporting events. ?? I can’t see any of these happening g for the next 2 years.
Draco wrote: » There's a tax liability issue there that can cause a whole heap of issues for both the employer and employee. It's not as simple as just working where you want. There's going to be a lot of people bitten in the ass with this I suspect.
Pelezico wrote: » That is right. They will become liable for tax in their country of residence. However, there are tax treaties and Ireland has very high rates of tax. But it is an issue.
Cyrus wrote: » It’s more of an issue for the employer and issues around permanent establishment etc
Bass Reeves wrote: » A lot of people do not realize this. If they become libel for tax in there own country the employer must pay local social insurance and tax. The company may need to register there as well. it may also make the company libel for corportaion tax in that country for any profits that may accru due to the employee's work there.
The_Conductor wrote: » Most people who do so- do so without the knowledge of their employer. Offhand of the Irish I know of- I can name at least 5 IT contractors, a few financial consultants and at least one tax consultant- all of whom are working in Lisbon (and regularly meetup with one another over there). Its a lot more common than people realise. Pop on a VPN and you can be where-ever you want to be.........
Cyrus wrote: » Whatever way they do it isn’t a defence for either party , could be a nasty issue .
Austria! wrote: We need more people per sq metre to solve housing.
Austria! wrote: Am I missing something?
GreeBo wrote: » Huge tax implications for the company. So many companies are tax resident in Ireland for the corporation rate and funnel lots of revenue through Ireland. All of that becomes liable for tax in the other country if someone is working from there, even if that company already has a residence there.
Pelezico wrote: » You know what...I doubt if it that simple. Now ..back to the topic.
Bass Reeves wrote: » I am afraid it is that simple
Cyrus wrote: » It’s pretty simple And the topic for you seems to be a house for your son
Pelezico wrote: » I doubt if Apple could become liable for tax in Belgium on its Irish profits because one IT consultant chose to work there during lockdown. Not sure what any of this has to do with house prices.
Bass Reeves wrote: » As I posted Consultants/contractors if genuinely that, then they are not an issue. However it more the idea that Apple or Google will allow thousands of employees who are WFH to live in countries other than Ireland. If they do then they will be libel for tax and social insurance in that country, they must register as an employer there. From there the question of VAT on work they do and how profits are taxed comes into play.
Pelezico wrote: » Liable or libel. Which is it? This really matters and you should know difference if you are offering free tax advice .
