JimmyVik wrote: » To be fair, houses are definitely not getting built with large plots anymore in SCD. So I guess they are scarce alright.
drunkmonkey wrote: » Meanwhile down near the other capital you can have the water views with space for a helipad and enough left over for a 911 turbo, helicopter and a modesty priced yacht.https://www.daft.ie/for-sale/detached-house-windward-tisaxon-more-kinsale-co-cork/2577548 I was just reading an american article on 10 best places for americans to retire in Europe and Kinsale made the list.
Stark wrote: » Funny thing I'm looking at two houses in the same estate, both look identical spec and equally nice judging from the photos/video. One had asking price of 450k, the other had asking price of 495k. The 450k house has gone sale agreed for 560k (madness for a 90m2 3 bed semi-d, one bathroom, built in 90s). The other has no offers at all. Wonder if it's a case of people seeing the more attractive initial asking price and then a mania taking over when it gets to bidding?
Villa05 wrote: » Do people who buy a 3 million house use the Dart? Sorry this is an education for me
Demands by larger economies for changes to global tax policy could prove hard to resist as they have been “supercharged” by the Covid-19 crisis, Minister for Finance Paschal Donohoe has indicated.
CorkRed93 wrote: » https://www.irishtimes.com/business/economy/glenveagh-secures-green-light-for-702-build-to-rent-apartments-1.4530316 As part of its Part V social housing obligations, Glenveagh is planning to sell six three-bed apartments at an indicative cost of €791,531 each to the city council as part of the proposed €33.4 million deal. The builder is also planning to sell 14 two-bed apartments to the council at a cost of €641,899 each and 41 one-bed apartments at a cost of €408,074 each. It also plans to sell 10 studio apartments to the council at a cost of €297,323 each. obscene
RichardAnd wrote: » Would these apartments get these prices if put on the open market? I'm not entirely sure that they would, especially not if all were put on the market at the same time.
MacronvFrugals wrote: » Donohoe warns pandemic has boosted international calls to raise corporate taxhttps://www.businesspost.ie/ireland/donohoe-warns-pandemic-has-boosted-international-calls-to-raise-corporate-tax-245bbbde
awec wrote: » If I had 3 million to spend on a house I'd buy that Blackrock one no bother. I'd say that must tick nearly every box. Highly desirable location (Blackrock). Large property (those period gaffs are huge, particularly ones with extensions). South facing, private garden Recently renovated to very high standard so should be no hidden gotchas. Off street parking. Sea view that will never be disturbed. On a relatively quiet road. 30 second walk to Dart station. What is going against it? Proximity to the dart line maybe.
PropQueries wrote: » Interesting one in the the Irish Times where even more new companies are interested in “helping” us solve our housing issues. “Solas Living pays €40m for 157 homes across Dublin and Kildare”, They also state that “Solas Living is also aiming to engage with local authorities in the capital and surrounding areas in relation to the provision of social housing.”. The interesting one is it also lists some of the estates they’ve recently bought houses in and they do appear to be competing directly with FTBs for second hand homes in the Dublin and Kildare market. Link to article in Irish Times here: https://www.irishtimes.com/business/commercial-property/solas-living-pays-40m-for-157-homes-across-dublin-and-kildare-1.4530153
timmyntc wrote: » Must be a nice little money-spinner setting up an AHB. The very fact that so many companies are chomping at the bit to lease properties to the state tells you something is very wrong.
The_Conductor wrote: » It tells you that the state has set their willingness to pay prices at levels which are so far out of kilter with the actual market- that it is a simple money making machine for Solas (and the growing number of similar companies). The PAC (and/or other bodies who actually have the power to dictate what is and what is not reasonable expenditure of public funds)- needs to urgently assess all these agreements that local authorities (and others) are coming up with.
fliball123 wrote: » This is what happens when the tail wags the dog. The lefties are pushing this agenda and without adequate knowledge or man power to actually build housing. The govenement are going down this route. Its crazy stuff and PAC like any other body are just a pack of nodding dogs once their wage and pensions are fine its nothing to see here. I heard this on newstalk this morning and it was spun in a positive way more housing for the underprivileged. The really depressing thing is FF/FG are far more right leaning (but still learning to the left) than SF god knows what the sinners will do.
Browney7 wrote: » They would from a pension fund/reit who manages to get the state to agree to a bulk lease on the enhanced leasing scheme with annual CPI increases for 25 years that gives a "discount" on market rent. Or else the REIT with access to money at near 0% will buy the whole block and use it as a way to park money and lease out a few apartments to corporates. It seems the state is putting a minimum value on rents by use of leasing schemes and HAP and also propping up values via part V.
timmyntc wrote: » Its not a "left" thing, its a corporatist/neoliberal thing. Contracting out states functions to private companies will always end up with private companies taking the piss. We see it all the time with govt tenders - bid low, get the tender, ask for more money. Provision of social housing is following the same idea now. State should build and manage its own stock, AHBs should not be engaged with.
fliball123 wrote: » Sorry it is a left thing the capitalists(REITS/vultures) have just seen an opportunity where they can make a good guaranteed return be under no illusion this is the work of those looking for free housing for everyone brigade. The government have not got the wherewithal to build that skillset died back in the 80s/90s when developers could just pay a certain amount not to build any corpo gaffs in their developments so fast forward to 2021 we have a severe deficit of usable housing stock and in order to appease the so called welfare class they are panicking buying sh1te like this and renting from the above capitalists. This is also a result an unforeseen consequence of the small landlord leaving the market as the the REITS and vultures can now leave property vacant keeping rents high where as a small landlord would of had to adjust prices in order to keep cashflow coming in.
PropQueries wrote: » Have small landlords left the market? When the councils sign those long-term lease agreements, the council is down as the landlord for the duration of the lease in many cases i.e. we’re “officially” down a “landlord” but not a rental property.
MacronvFrugals wrote: » There's not a hope in hell they would! Sure that's why 4/5ths of apartments in Clancy Quay are vacant and this was pre-Covid also
Ozark707 wrote: » Clancy Quay? Is that in the new block down there? I would have been surprised it was that high. I thought it was the Capital Dock building that was the one which had over a 50% vacancy level.
A detailed analysis of the Residential Tenancies Board (RTB) register by the Business Post has shown nearly four-fifths of the 246 apartments in phase three of Clancy Quay in Dublin 8 are empty. Nearly half of the apartments in Capital Dock, a 190-apartment, 22-storey built-to-let tower in Dublin’s Docklands are also vacant....
fliball123 wrote: » Do you deny that small landlords have been leaving its common knowledgehttps://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/small-private-landlords-are-quitting-in-their-droves-says-seller-of-glenageary-house-1.4089315https://www.independent.ie/regionals/herald/news/pressure-to-increase-on-renters-as-17000-landlords-quit-the-market-39248586.htmlhttps://www.independent.ie/business/personal-finance/property-mortgages/smaller-investors-flee-the-landlord-market-as-cuckoo-funds-up-ante-38516029.htmlhttps://www.irishexaminer.com/news/arid-30940336.htmlhttps://www.reddit.com/r/ireland/comments/7sdtbp/why_are_landlords_leaving_the_market_in_large/ They have been leaving for the last 5 years
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