fliball123 wrote: » Too many moving parts in the statement. Is Ireland affordable. Anyone earning a decent salary and with a good deposit yes its affordable. Anyone buying outside the major cities and surrounds. Yes its affordable Anyone looking to buy in Dublin with out a decent salary - No its not affordable but there are other areas in the country that you probably could. I am still at odds as to why people take Dublin prices and then extrapolate it throughout the rest of the country and then use it as an excuse that Ireland's property is too expensive. As I have said before and I will say it again Dublin is a very desirable place to live and like every other major city in the world you must pay a premium if your competing with others who would like to live there too. I could hazard a bet that a high % of Americans if they had the cash they would buy a penthouse appartment in Manhattan overlooking central park or into a mansion there in Bel Air but the premiums on these places are mindblowing. Not saying Dublin is either of these places or even in their ball park but then again either is the price of Dublin's property in comparison.
Cyrus wrote: » if people on the MEDIAN FT salary cant buy a 4 bed in ballsbridge as single person property is too expensive. Am i doing it right?
combat14 wrote: » Almost half of apartments at Kennedy Wilson's 22-storey Capital Dock scheme are vacant US property giant gets average rent of €2,126 in Dublin The company generates significantly more rent on average from its residential properties here than it does in US locations such as Los Angeles.https://m.independent.ie/business/commercial-property/us-property-giant-gets-average-rent-of-2126-in-dublin-40133442.html wow shocked at how high the vacancy rates are ... surely this should be driving rents down
awec wrote: » I didn't see this posted yet, but any former AirBnB landlords thinking they'll be able to flout the rules post-covid are in for a surprise.https://www.irishtimes.com/business/personal-finance/nowhere-to-hide-for-airbnb-hosts-as-revenue-tightens-the-tax-net-1.4493074 "Owners looking to let out properties on Airbnb must now hand over their personal tax details to the global home sharing platform, as Revenue steps up its oversight of the business. While the accommodation portal has been sharing information on Irish host earnings with Revenue for some years now, a recent legislative change in Ireland means Airbnb is now also asking hosts for their PPS (personal public service) numbers, as well as the local property ID of the property being let out." I think this is likely to lead to a combination of increased rental supply and increased supply for sale. Likely to have a larger impact on the rental market as I reckon the majority of it is small city apartments.
fliball123 wrote: » Not sure what your trying to say here?
Pelezico wrote: » Not really..I should not have to tell you that
Galwayhurl wrote: » Right here we have 2 of the main reasons for our rental crisis. Vacant properties owned by REITs/Pension Funds and vacant properties owned by AirBnB users. Tackling these 2 issues through 1. a vacant property tax 2. actually enforcing the laws that were brought in re AirBnB last yearwould give us more housing stock than most people realise. It's good to see Revenue making moves. Now let's tackle the likes of IRES and Irish Life. The answers are literally staring the government in the face.
Cyrus wrote: » i am agreeing with you, basically if you were to listen to some posters everyone should be able to afford everything, and if they cant property is over priced.
jill_valentine wrote: » I don't think I've ever seen anyone suggest that even by accident. Conversation here orbits first time buyer/entry level properties, we wouldn't spend so much time talking about luxury apartments vs standard ones or AirBnBs were that not the case.
Marius34 wrote: » What that would give, why it's more that people think? Looking at this thread, people think there are higher vacancy than any reports/data suggest. There were no high vacancy in those properties, outside Covid times. Obviously it may be fairly high now, but it will mostly solve on it's own when all the lockdowns ends.
schmittel wrote: » I believe the CSO vacancy figures to be correct. It is more accurate to say that looking at this thread, some posters believe there are less vacancies that official reports suggest.
Marius34 wrote: » We went over and over what Census vacancy means. Since poster spoke about tax, I believe poster has in mind typical longer term vacancy of 6 months and more. You can not tax someone keeping their property vacant for the weekend, and for many other reasons what it may appear as vacant in Census reports.
schmittel wrote: » Indeed, and you believe that what CSO classes as vacant is not really vacant, it just "may appear as vacant" as you stated above. Which is exactly why I said "It is more accurate to say that looking at this thread, some posters believe there are less vacancies that official reports suggest."
Marius34 wrote: » You don't get my point. I do agree that if I go for weekend to visit my family, that my home can be considered as Vacant. But it does not serve the purpose for discussion on vacancy for tax reasons. For many when we discuss vacancy, we have in mind that is not in use for longer period in time. It's common to use a 6 month vacancy (or long term vacancy).
schmittel wrote: » i do get your point. You dont think the census vacancy figures are a true reflection of vacancies because you think a lot of them are temporary vacancies. Which is why i said some posters think there are less vacancies than official reports.
Hubertj wrote: Dublin City Council faces six-year wait for start of housing construction on its sites via The Irish Times
Hubertj wrote: Some interesting points but hardly surprising. And some people think the issue is easy to fix. Easier to just blame the gubberment
fliball123 wrote: I am still at odds as to why people take Dublin prices and then extrapolate it throughout the rest of the country and then use it as an excuse that Ireland's property is too expensive.
Villa05 wrote: » The one positive thing about this thread is that it shines a light on those that get things right and those that are out of their depth, including many iuseful posts by yourself. Continually DCC have proven to be an outlier in poor performance in housing provision. I think it would be best if there reports and testimony on housing were treated with a grain of salt Many of the sorrounding councils seem to be able to deliver housing at a fraction of the cost when given the resources Like any job you get those with competency and track record in performing the task We appear to be entering the phase where the bubble is spreading out from the major cities But of course housing is affordable that's why every new house is subsidised by the state as well as 50% of the rents
Mic 1972 wrote: » My 2 cents here, Dublin while being as expensive as London/Paris/Madrid
Mic 1972 wrote: » My 2 cents here, Dublin while being as expensive as London/Paris/Madrid it offers very little compared to other capital cities. A city like Dublin wouldn't be very competitive in countries like UK or France for example. We pay top dollar for average houses in dull estates.
fliball123 wrote: » Once again can you tell me how we are currently in a bubble. McWilliams in his show back in 2017 stated we were in one in the four years since our prices have gone up a bit, gone down a bit and gone back up a bit. Like I said yesterday this is hardly the properties of a bubble to see very little move in prices in 4 years. As for affordability I maintain property in IRELAND is affordable for the majority. Dublin is not and maybe some other areas with large population sizes like Cork maybe less affordable then say Rosscommon or Tipperary. Dublin is a capital city with the best infrastructure and attractions when compared to the rest of the country it has the main airport and currently houses about 1/5 of the total population. ergo its a place the majority would like to live in and as such there is a premium to be paid. Just like London, Paris, New York, Sydney, Rome, Brussels, Copenhagen, Madrid, Berlin the list goes on and on. Why should Dublin be any different and we need to get away from using Dublin metrics extrapolating it for the rest of the country and using it as a measure of Ireland's property prices being too high
hi! wrote: » Why should people that have to work in Dublin not be able to afford a home near it? All the main big teaching hospitals are in Dublin....they need to be staffed.
