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

Planning permission will never be obtained for modular housing in established residential neighbourhoods and it would bring down house prices in the area, which would further fuel objections.

We also have a chronically under resourced planning dept, which means any planning requests, objections and site assesements take forever.

I do think the govt should put additional funding into the planning dept, to help grease the wheels of the planning process.

We also probably need routes for residential planning to avoid all manner of objections, so that only serious and considered objections can delay a new build from starting.

We do have to have an appeals process, but the one we have is far too biased towards the objector and it isnt too difficult for a residents association to band together and delay a new build into oblivion.

That NIMBY approach needs to be addressed by the govt and replaced with a slicker, faster planning process that does not allow spurious objections.

I would say we also need some fresh blood in DCC planning in particular, whom are not adverse to high rise in appropriate areas. Docklands, Heuston Station etc.

In terms of prioritisation of key workers, it isnt preferable, but in the current housing shortage, its required.

If we have 100 govt homes and 200 families looking for those homes and we are facing a major shortage in teachers/nurses within that community, we do need a way to prioritise those 100 homes (not all of them, but a bias nonetheless) towards key workers.

if 60 of those 200 families are key workers, 30 are unemployed and 30 work part time in non essential services, why would we not offer help to buy and shared equity or cost rental schemes to all of the families, but prioritise the key workers first?

if the key workers dont show up to work, social services collapse.

The unemployed dont show up to work anyway, so they contribute 0 to the economy.

The part timers are in supplementary roles that support private business, but their roles are not essential to keep that business afloat.

They effectivley pay no tax because they earn a below median salary.

The key workers are the staff in that equation that need to be housed first, because without them, we have no hospital services, school services etc.

That doesnt mean we dont try to house the rest by the way, but when demand is greater than supply, there has to be a form of selection process, if we want to maintain optimal usage of the limited homes we have available.

There has already been substantial changes to planning from this government so with the right framework a modular home could be considered a temporary dwelling and planning would not be needed. If there was a will there is a way. Your still missing the point on your opinion of a key worker. If one set is prioritized over the other it further impugns the other group and they will not hang around if things have been made worse. You have made zero effort to address the current issue with pensions as the migration of our younger cohort is ramping up. So at the minute housing is prioritized to welfare, REITS and the rich, you now want your key worker definition put up higher than what you consider a non key worker. Who determines a key worker, you keep talking about teachers and nurses as key workers so who will serve these workers their food or groceries if there is a lack of employees to do this. So are food shop workers now deemed as being key? Then of course who pays the wage for all of these workers?? Are the people who pay the wage bills of all essential workers now deemed key workers and so forth. IMO every worker who pays income tax is a key worker and pushing one set further down the housing list will result in more people heading off to live somewhere else leaving an even bigger pensions timebomb for our grandkids to deal with. I outlined how money if its available should be spent by seriously reducing the amount of income tax paid by all workers who are paying into the system.

Yeap they are based on sold property prices that have come onto the PPR so you must be looking in a very specific highly sought after areas.

I think I mentioned this before, but we bought our house in 2008. I still remember being outbid for a house in Jan/Feb of 2008, it was a **** one and we went back and forth few times before I said No. We eventually found a house and went sale agreed in end of May/early June of 2008. It only took few months for the market to turn, from having to bid on properties to the market becoming dead.

We did buy at the peak, but still managed to get 20K off the asking price as there was no other bidders. A year later a mate who bought a house, had no other option to post back his key and moved to Australia.. People forget that we saw bidding wars before 2008 and think what we saw in the last while is a new phenomena.

Personally nobody knows what will happen to the market, but as a person who bought just before the last crash we were told the market will never crash etc. etc.. But only looking back retrospectively did we find cracks in the market.

My money is land purchase to building denser housing. Decent sized plot. You could make a good offer to the property next door and get an apartment block in or just build a group of 3 storey town houses on the site itself.

how much did prices drop by in comparison as well

The problem with this as we're already seeing with the first of these is when the government contracts private companies to do work they get absolutely rode. Everything is priced and charged at the absolute maximum so the "cost" rental ends up being 1500 quid a month for a two bed apt which is still pretty much useless.

When a private developer builds to sell their own properties these costs are kept to an absolute minimum because the margin is their profit which is why you see porches and even windows starting to become a bit of a rarity on many new builds.

This applies all the way up - a 200 bed hotel could be built for about 1/10 of a 200 bed hospital and we're seeing examples of this in Dublin as we speak.

The only solution is for the govt to build and manage the properties in the first place but they won't do that because it would bring the price of property and rents down. Solving the housing crisis but upsetting the rich, which is a no-no.

I think the 3k increase is a MoM figure...quote from the article below.

In the Last decade we sold apartments and housing to investment funds for peanuts and rented them back for a kings ransom.

Not smart

In the next decade we propose to subsidise the building of apartments which investment funds may buy with the subsidy discount and rent them to the state for a kings ransom.

Not smart

Surely the same logic applies to allowing a small number of investment funds monopolise and control rental supply in our high demand areas.

When we built 100k units in one year, it was not BAM or Sisk that were building them it was lots of small/mid sized operations that were building in every County in Ireland.

So where are all these modular homes being built?

if you only have 100 homes available, you can only house 100 families. If we dont prioritise key workers (or another group -please name another group if there is a better one?) then the 100 homes will fill up with those on welfare and the rich.

Exactly as you say.

So the squeezed middle will emigrate anyway, if they are so inclined.

if its a choice between a nurse or teacher or supermarket worker staying, yes, id prefer the key worker stayed over someone self employed or working admin in a bank, insurance company etc.

pensions were not part of the conversation but i agree that is a ticking time bomb.

we are replacing a lot of the young migrating with new young immigrants.

the CSO stats from the census will confirm this year.

Does anyone have a good explanation of why the UK property prices are going up? It just seems crazy with their interest rates and it doesn't make sense to me.

Mix of massive inflation and lack of supply, cost of materials to build etc. similar to here.

Seemingly immigration is increasing (contrary to what many had thought after Brexit) so extra demand is probably helping as well.

Lol no chance. But I can guarantee that 'lessons will be learnt'.