Softening house market?

They have way more council housing than us and higher occupancy rates due to council extra room charge. We have a higher home ownership rate

"We are on course for about 300k new PPS numbers this year in this country with Irish people only accounting for 42k and the rest from immigration inward."

Jeez is this accurate? Sources?

Is there statistical information kept, accessible by the public, on what happens to inward immigration upon arrival and for a few years after?

So for example 50% move in with family/friends on arrival but after 12 months 20% of those are in house share, 75% in the own rented dwelling and 5% are owner occupiers etc.

I am assuming this is a long shot as, for EG, the UK barely kept track of who was entering the country until recently.

The other question I had was in relation to house building costs. I see quite a few posts talking about material costs. However I have also seen that demand for houses in both the US and China is now falling off a cliff. Is the demand for those materials predominantly driven by housing, so no other competing industries using those materials, and if so then wouldn't a slowdown in the US and China bring housebuilding costs down in Ireland?

It would be hard to gather this information on the movements of people once they are in Ireland, we will know when they leave/die/or have a kid but on where they dwell it can be hard to track, even the CSO who try to count the amount of bodies in each dwelling to get the census of population will be wrong as there will be a certain amount of people in some properties which will be renting illegally so this figure will not be captured.

You are right demand is falling in both countries that you outline and also in other countries like Oz and yeap hopefully house building will become cheaper as supply issues from Covid and the war in the Ukraine ends (hopefully sooner rather than later) But both China and the US have more habitable housing per head of population than Ireland does, we are woefully understocked with regards to livable dwellings and adding 300k this year means we need well over 100k new houses / or other dwellings brought back into the property portfolio just to suit this surge of numbers. If this trend continues and it will as Ireland has 2 very attractive carrots dangling for people on the outside looking in and that's good jobs in IT/Pharma/MNCs and possible the most generous welfare system that money can buy so why would you not come.

There will be some demand quelled due to interest rates rising yet what is the alternative renting is more expensive and I reckon that demand will be offset by new demand with the introduction of the "help to buy" and the "affordable housing scheme". This is going to push prices up as can be seen in the UK where a similar scheme pushed up prices.

Well surely they are getting the info from somewhere and true they don't cancel their PPS when they leave. It will be interesting to get a figure of net emigration inwards at the end of the year and if anything the Ukraine have pushed more people to Ireland for sure but there is still a staggering % of non Irish and non Ukrainian in that 300k figure

Well time will tell on the figures see what it is at the end of the year

Get out while you can.

https://www.irishtimes.com/opinion/2022/08/24/sinn-feins-housing-policy-a-step-backwards/

oh theres no question sf will implement polices to further this train wreck, im expecting this to continue into the next decade

...yes the average earner is definitely bidding a million for homes!

did you not know that Ireland is a unique market with a new paradigm of endless demand / low supply 😏

So far I like what I see when it comes to burning it all to the ground

#1 Stops the "excuses" to get tenants out which ends up being re-advertised at higher rates

#2 Gives tenants who have been damned to a life or renting security of tenure and the ability to actually set down some kind of roots

But dont landlords give out about the inability to evict people for not paying rent etc? if something like this was coming in i think you would see tenants brazening out any attempted eviction knowing security of tenure will be their reward.