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

We're being preached to about the great HTB and FHS schemes by other posters.

These figures go to show how useless and ineffective they are, waste of taxpayers money, populist nonsense

Why cant you get one simply fact through your head and that fact is immigration is impacting our housing market (it always has) and currently its the number 1 issue that is impacting on it as we have not got enough properties to house the current population. Someone just put up the figures for house completions there at 30k for the full year 2024. We had nett migration inwards of 80k people from the start of the year to April 2024 so it is way more than that as I dont think a figure for migration inwards dropped to 0 from April till December 2024.

We simply have not got enough property built to house our current population, we already have 15k on the homeless list and this does not record the people who are not in emergency accommodation. There are young couples out there with kids who have to live in their parents house as they cant afford to pay the current levels of rent or pay a mortgage and save for a deposit. There are also some who are living on the street who have slipped through the system. The fact is we are not building enough to keep up with these figures that are here currently and we will be adding more and more in the coming years as nothing has changed and we are way off. Yet the likes of you think that our migration policy has nothing to do with the property market and the knock on effect this all has.

Sure if you think about this logically - how can someone here in their 20s get on the property ladder when the government are bulk buying properties left right and center to house the unwashed masses that are our welfare class and allowing REITS/vultures to bulk buy as well for rental purposes - whom their biggest client is the state who rent a high % from them. A lot of this is done to support the 80k+ migrants that came here from Jan to April of last year (and those who came in previous years) who arrived and the people who I mentioned above who are trying to save and live and work correctly and do it the right way working their holes off are paying a lot of tax to pay for this to house others while they cant get their own place. That is just wrong Gary.

Also as your a lazy sod - so here is a links so you can look at those figures (in case you think I am making things up) for bulk buying, migration, house completions, homeless list Gary. No doubt you will want me to come over and click on the links and read them aloud to you maybe spoon feed you some corn flakes at the same time.

Government and investment Bulk buying in Ireland

https://www.irishexaminer.com/news/arid-41442832.html

Homeless figures

https://www.irishtimes.com/ireland/housing-planning/2024/11/29/homeless-figures-reach-a-new-high-of-almost-15000/

New dwelling completions for 2024

https://www.cso.ie/en/releasesandpublications/ep/p-ndc/newdwellingcompletionsq42024/

Migration

https://www.gov.ie/en/collection/aeea0-migration-the-facts/#:~:text=We%20had%20149%2C200%20people%20move,86%2C800%20other%20citizens%20including%20Ukrainians

Well done congrats having said that your GF is in a minority. I am also not sure you have the get up and go to have girlfriend if your approach to a relationship is the same as your debating style. So yeah well don't bother responding Gary as you know your wrong. The info is there for anyone wanting to look at the fact that Immigration is the number 1 issue that is impacting our property market . I dare you or any one else to prove me wrong with facts.

The depressing this, this should be front and centre as a national scandal given they campaigned on 40K houses despite being repeatedly asked to explain how ESRI forecasts and CSO Q3 completions contradicted that position.

There is no doubt they had better information than was in the public domain. It was a blatant lie. They should be raked over the coals for it. They won't be though, our politics is as broken as our infrastructure.

They won't need to spin anything. A storm will dominate the headlines for the next couple of days and after that nobody will care anymore.

@fliball123 is saying immigration is the biggest factor in the housing market and I'm looking for him to elaborate.

Your motivations do not excuse misinformed posts masquerading as facts

It is and in a previous post I explained why with facts and figures - have a look at post 26233

Poland has negative net immigration and prices are shooting up there.

So again, what's it got to do with immigration?

Increased number of completions this year and 40k is the target next year!! We are ramping up to 50-60k completions annually!

41k is the projected completions for this year, not 2024.

2024 was always projected around 30k, similar to 2023.

Dissapointing its less than 31k, but 34k was the top end projection, so close enough.

You're quite correct, but we're not doing it now. Efforts have been made to bring the number up, but it has actually gone down from last year. It was possible to deliver 80k houses a year in the past, but that was at a time when the economy was far more construction focused than it is today. Could it be done again? Probably, but not without major changes and not overnight.

I'll also add that the quality of many Celtic Tiger builds was appalling; I would like to think that modern builds are not so slovenly built.

Well as mentioned earlier in the thread, the target was not met for 2024, which doesn't bode well for the coming year, but who knows.

Ill tell you how they will try and spin it… The builders didnt use as much energy last year, as we were below target, so they will save all that pent up energy , to exceed figures for this year and build 82,000 homes…