Ozark707 wrote: » As they have established RPZ’s already then that would be very easy to implement so.
schmittel wrote: » Really? Where are you getting that info from?
Marius34 wrote: » Maybe, if it's not to much bureaucracy to identify 6 months vacancy for exact properties. The thing, that I don't think that there would be any visual impact on Irish Property Market, as RPZ zones has lowest Long Term vacancy rates.
Marius34 wrote: » I don't think it would be a problem for large Landlords, as only small portion of their properties stay vacant over 6 month, but I'm afraid it would be an issue for non LL home owners, especially in country side.
Ozark707 wrote: » If that is the case then there should be no real impediment to implementing a vacancy tax. Most LL’s won’t have such a long void so it won’t affect them and if there are only a small number of REITs in this boat then it should not cause any major rumblings. If there are major rumblings then it might indicate there are quite a few in this boat.
Marius34 wrote: » Over six month vacancy is typically considered as long term vacancy. Dublin has very low number of Long term vacancy, thus the impact would be very minimal.
MacronvFrugals wrote: » When you've landlords turning what is essentially factory containers into living units and the relevant authorities doing nothing about it, it would be fair to say this goes both wayshttps://www.dublininquirer.com/2020/08/26/in-glasnevin-a-landlord-attempts-to-illegally-evict-two-residents
fliball123 wrote: » I am not talking about the amount I am talking about the security of getting paid. You only have to look at the amount of small landlords who have legged it from the market after the all of the new legislation protecting tenants came in as yes it protected tenants but at the same time it has left landlords open to all kinds of abuse from tenants.
MacronvFrugals wrote: » Poll: Should there be a levy on housing units that lie vacant for over six months?https://www.thejournal.ie/vacant-housing-unit-tax-5328133-Jan2021/ Results so far suggest most people in favor of this particularly in Dublin
MacronvFrugals wrote: » I think the market is ok for landlords at the minute, just barely though...'Outrageous' Daft.ie 'home' removed as €1,200 p/m Dublin bed in shed causes fury onlinehttps://www.dublinlive.ie/news/dublin-news/property-dublin-daft-renting-tallaght-19461197
PropQueries wrote: » By that logic nobody should set up a business in the off-chance someone doesn’t pay them for goods/services supplied. The current rental yields more than compensate for the very very very slim chance a tenant doesn’t pay and stays in the property for two years rent free.
fliball123 wrote: » There should be zero levies until the government sort out the issues of tenants who can phuck around landlords with payment (or lack of). This is IMO the main reason why a lot of units are not rented out as people see tenants being afforded all of the protection of the state and are allowed stay in someone elses property rent free for 2 years, wreck the place and then sail off into the sunset. Until this disparity is cleared up there should be no levy.
Browney7 wrote: » From reading the Kennedy Wilson Q3 report it seems they only have a 50% ownership of most of their Dublin residential holdings. It's a summary report so I know no more. 2020 year end reports will be interesting for IRES - they had a low vacancy in Q2 but 6 months is a long time in this pandemic so will be interesting to see any trends
Timing belt wrote: » Which landlord has 50% occupancy?
Marius34 wrote: » I have seen no information about it, why some takes longer to fill up empty properties, others quicker. I'm not a fan of conspiracy, thus can't answer your question, nor I'm interested in unique high end properties, for me it's more important what's going on with majority regular properties, as that's where regular citizens live.
Villa05 wrote: » Can you explain why one landlord/investment trust would have a vacancy rate of greater than 50% on a development in a City with an apparent housing crisis? Can you explain why same would be getting preferential tax treatment from the state? It does seem a bit of an obscene situation
PropQueries wrote: » As one poster recently made the point, once interest rates move up to zero, not 1%, 4% etc. but zero, the investors sitting on these vacant properties will start demanding some level of return i.e. they will have to/be forced to rent them out.
Billythekid19 wrote: » Fairly mixed predictions in todays papers for property prices 2021: Irish Times- Irish house prices set to rise by 4% in 2021, surveyors say Examiner- Munster house prices expected to increase by 5% this year Irish Independent- House prices to rise by up to 6pc as more people work from home
Marius34 wrote: I believe is normal international cities to have higher temporal vacancy. The more international city, the more movement you can expect, as people are more active, and there are more movement. I don't see the point why to count temporal vacancy, properties ready for demolition, properties under construction. How you can release it, for that temporal vacancy period? Give a fine if person leaves home for a week? Give a fine if construction company delivered house 3 months after roof got constructed? Give a fine if person took 3 months to move in after he received keys?
bilbot79 wrote: » I find some articles say people are moving out of Dublin, driving up the national house price while another would say 'we see no evidence of flight from Dublin to the country' yada yada yada
