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

I think it will do the opposite as it makes it appealing again as the RPZ rate resets making it a much more viable option now.

Cash buyers doesn't really indicate landlords buying up things because that would show up as new tenancies which is the figure that actually much better at telling you. There are a lot of people with cash due to covid, inheritance, share options etc…

The changes do make investing more appealing so should increase building.

A big factor in Ireland is occupancy rates. Huge areas of Dublin probably have an occupancy rate of just over 2 people per 3-4 bedroom properties. They are occupied 70-90 year old people so in 6 years a lot more of these properties will be available. If rented they will have a much higher occupancy rate than is bought because people buy for the possible future needs. I have seen rentals sold and the occupancy rate drop from 4-5 to 1-3. People think landlords selling is a good thing as people can buy but reality is means there are less places for people to live.

There is a misunderstanding of the housing crisis to mean other things than housing people such as the ability to buy property. I completely get why people want to buy and should be able but is that the priority or housing people. Landlords are vilified but they didn't cause the problem I would point the finger squarely at the government for populist decisions and the public for not understanding.

From what I’ve read there will be no change for existing tenancies. But if an existing tenant leaves of their own accord and the landlord then enters into a new tenancy after next March, it will be 6 years with 2% increases and restricted termination. Then at the end of the 6 years, the landlord can sell, renovate etc, or else roll-over into another 6 year lease and at that stage the rent can be re-set to the market rate. Earliest re-set not until 2032.

I think that’s the proposal but might be reading it all wrong.

Great post! You know what we should start doing and they will propose though ? A few more public consultations... basically there's one cohort in this country except to be peasant slave's and working **** jobs for horrendous pay, then pay obscene rents or mortgage., so the other half of this country, can live in some fantasy land... housed for nothing, everything handed to them on a plate...

Oh yeah, sorry, the talk of it ending and being made inroads into, is from the lying politicians. This next election will be hilarious to see what happens... if sf get in and **** hits the fan, who gave sf the keys to power ? Ffg failure or total success, pick whichever side you want... these decision makers are all homeowners at the least and many landlord's... not only that, most of the electorate are homeowners... certainly no conflict of interest there...

A pictorial view of how the government make it worse.

The UK haven't a pot to piss in and there doing a better job and Spain powering ahead

While politicians implement policies that exile our educated children, they have become innovative in rewarding themselves in replacing them

11k for each nurse recruited from abroad

https://x.com/nwl88444048/status/1935276231659802686?t=MdroXky_7mMfgoqkgngSFg&s=19

The results of demand side policies in a supply choked market, burning taxpayers money would be more effective

Suggesting the property developers threatened strike action if the government didn't play ball on rent controls? Interesting accusation there… Getting rid of FH and HTB schemes would certainly weaken the demand among first time buyers but it would also benefit cash-rich landlords. Do we really want to risk a having state where only landlords own houses?

That's largely already happening with elderly moving into nursing homes paid for by their kids who them go on to inherit the family home, only difference is it's far better from a taxation point of view for the house to be left idle

what wage agreements are putting up the cost of construction? its almost entirely driven by scarcity of labour.

Much of growth in build costs is down to increases in professional fees and land costs. These are elastic but not set by govt