Irish Property Market chat II - *read mod note post #1 before posting*

Many of those buildings are not even REIT's. As well many Multinational professionals, don't stay much at home. I have lived in REIT's (not in Ireland), staying only 50-70% of nights, neighbors probably wouldn't even have noticed that apartment was rented out.

People are making to much assumption, to come up to conclusion that REIT's were holding large percent of apartments empty.

Capital dock is listed as 56% occupied as at June 2021. Kennedy Wilson's overall occupancy for Ireland 'multi-family' units is 92.4% of 2346 units. On a like for like basis (they added properties since the previous year's report), their occupancy for 2,067 like for like units is 92.6% which has declined from 95.9%.

Ires REIT have a very high occupancy rate at over 98%.

DataDude, can I ask if you and / or your friends stuck with their plans to move further out of Dublin to secure a better house, given the move to hybrid working, or have you or they decided that after all, you'd rather live in SCD?

I'm curious how do you know what percent Capital dock has been rented out?

Still looking outside Dublin. One took a new job (full WfH) and bought way outside commutable distance (near family home) Myself and the other are looking on commuter belt as have/aspire to have management roles which likely requires 2 days office presence (for now anyway).

Although current chatter is whether life would be better on 25-35% less money in a fully remote role where the house search could go outside commuter belt! I think probably yes, but reluctant to make the jump right now as it feels like a very permanent decision.

It’s normal to see an uptick in properties for sale after the summer. With many people having held off due to COVID, and things getting back to normal now, a bigger jump is unsurprising.

Back in March I said I'll get back in August 2021 to remind about Props forecast.

Economic outlook deteriorating - failed

Population growth being reversed - failed

Demand falling - failed

Mortgage approvals falling - failed

Supply increasing and outpacing demand - failed

Interest rates rising - failed

For some, what ever load of rubbish you spill, it's sounds right as log as it fits their own narrative.

Just wondering re the myhome figures, do they include new houses for sale? I know the numbers dipped a lot over the last year or so but is that due mainly to lack of new homes being constructed or lack of second hand or both? I see a number of new homes being advertised on daft now which I hadn't seen in quiet a while.