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

There Is no way you will get a 30% drop without there being a drop in both labour and material prices of nearly similar amounts.

Most of what you post is bananas economics. Yes the government has a surplus. However for the state to procure say 20k houses a year even at SF's 300k price would cost 6 billion a year. Last year the current budget surplus was 1.3 billion.

The reality is that it cost money to build houses, the higher the number you build the more it costs per unit. Maybe if the Greens are not in government after the next election the new government can change the terms of reference of An Bord Pleanala and defund An Taisce. But even with more planning premissions and the PP happening faster and cheaper it will not necessarily make houses cheaper.

The other suggestion for the government to stop all commercial build would have serious conquences. At present commercial is slowing down anyway but ceasing it completely would have conquences for companies both big and small

The big difference with houses back then to now was you bought the walls with windows and doors ( well you could describe them as windows and doors) and virtually nothing else.

At present people building self builds are starting to reduce/take out expensice features in houses, such as corner or feature windows, extra large sliding doors, vaulted ceilings etc because of the costs involved.

Young lad took out a vaulted ceiling because it was adding 5k to build cost and it would have caused extra cost to the heat recovery system.

The 20k is mainly the social and some affordable element. It could turn out substantially higher as demand for social housing would substantially increase.

The reason are first people that at present sharing with HAP would want a separate apartment/ house. You then have the house with multiple family units both rented and existing social and private. This is all assuming 50k+ units build a year and costs @ 300k which is economically unlikely.

This is why I always say HAP is an exceedingly excellent value for the government. In 2022 I think it cost approx 750 billion. It housed 68k households with the households paying part of the payment to the state as well as the LL.

To house that many @300k a house would cost 21 million alone. You can add to that the demand from those in multiple houes etc and people that do not bother with the system but would be entitled to it if they applied

The reason why everything is more expensive In Dublin is time as well as development cost.

First on labour. How much extra would you need to be paid for a job in if you operated out of Portlaois compared to doing the sane job in Dublin? 50%.

Young lad is build a self build at present about 20 miles from Limerick city. All his trades are coming from tge side further away from Limerick city. These lads are coming from up to an hour away. They are pricing the jobs 10-30% cheaper than trades around him as they do not want to travel another hours for work.

Deliver costs for materials in Dublin are crazy. A concrete truck with conveyer did 4 loads in about 7 hours one day and tgat is including his lunch break. His return time was about 40 minutes. He be lucky to do 2-3 in Dublin in an 8 hour day.

If I am up at 5.30 am in the morning and not home untafter 7pm and if when I go to the shop for chicken roll it's 20-50 more expensive than Letrim I want to earn 50% more to do it

Site works I presume is the site work. Carried out by the builder even though it says within the site is it actually within the site. Not far from me is a village and another area not a village where there is a school, church, pub and speed limit. A builder got planning subject to him installing a sewer that was not just within his site but also to the public sewers about 3 km away in the next village. That would be an extreme example and the site was never developed.

All Dublin site works would have access to a sewer. A substantial number of developments would have house numbers in the very high hundreds. So you have some economies of scale, as well site development works for apartments are much more compact than houses which there is a substantial number in Dublin compared to elsewhere around the country

The Cork price is not just for Cork city it's also for the smalls towns and villages and for developments of single one off dwellings and small developments of anything from 2-4 houses to 10-20.

Cost for the treatment unit for my sons house will be 5k+, planing, plans and detailed house plans cost 5k the fencing, clearing and roadway will cost another 5k, electricity and water 3-4k, putting in sewers etc another couple k abd he is doing a lot of the work himself

Leitrim is probably mainly one off housing so that would account for the difference work cost, people doing one off houses tend to finish to a higher standard.

In Louth I suspect that developers may be finishingbto a higher standard, a slightly larger house than in Dublin to attract buyers from Dublin. It labour costs are probably similar to Dublin due to public transport options