Who are buying all the new houses?

Parents are great for deposits.

Irish people always emigrated, they always will.

Id take this narrative you often hear that thousands upon thousands of young Irish are emigrating because of high house prices and high rents with a big pinch of salt. Yeah cos when they land in London, Sydney or Boston they'll have an endless supply of cheap houses to buy or find rent at €500 per month.

I lived in Sydney for a long time. I always find it funny when you hear people who are new there saying how they are renting near the beach and it's great. What they aren't mentioning is a house anywhere near a beach is probably €4k+ a month so they're most likely sharing a 3 bedroom house with 6 or 7 other people sometimes 8 or 9 in a house., sharing a room with 3 strangers in bunk beds and maybe someone sleeping on a mattress in the living room.

Most new houses in Galway city have been purchased by councils or voluntary housing associations.

Well get better parents then….

Seriously though I'd imagine the percentage of people in high paying jobs where parents got them in the door is very low. Not saying it doesn't happen but little to do with who's buying all the houses.

My experience is very much like yours. I'm seeing plenty of young couples buying/building new houses. They're ordinary working couples and not in high level jobs. I know none that had access to the bank of mum and dad but they all saved hard for deposits. Of course it's a struggle but it was never as easy of some maintain to buy a house. A lot of the impression about the ability to buy a house seems to be drawn from the more expensive areas nearer cities, and I don't refute the difficulties there, but it's not as countrywide as we'd be made believe.

We have a pretty much net zero emigration rate,as many come back as leave. Plenty going to the UAE for a tax free deposit or even purchase.

There's also a record 150 odd billion on deposit in Irish banks. Plenty of money floating about.

I agree they're saving earlier than they did 20 years ago. It's reminiscent of how young couples managed 35 to 40 years ago.

You're either very bitter and jealous or you are a weirdo who needs to get a new hobby.

Perhaps both.

People need to stop believing media and social media bullsh1t that people are locked out of the housing market.

The media search for someone who will suit their narrative and then make it out that this person is representative of the market.

I know people in their 20's that have purchased. Fairly regular jobs, joint income 100k or so. Plenty of apartments in Dublin in that range, plenty of houses in commuter towns in the range

Now if you are in a minimum paid job or if you think you should be able to buy a large house beside mammy for 200k, then that person will be the type that jumps on social media and complains. The media elevate that voice because the media have no interest whatsoever in a positive story - then that view suddenly becomes the narrative because the politicians jumps on it too.

Currently there are over 60 houses and apartments between Kildare Town and Newbridge under 400k. Assuming 10% deposit, that's a 360k mortgage. Say 3.6% rate, 30 years, 1650/month. That's very affordable for most couples.

But the naysayers won't want to hear that. They just listen to those who say a recession is coming, prices will crash, world is ending etc etc. Sadly those same people listened to the same rubbish 5 years ago and have spent €100k on rent in those 5 years thinking prices will drop

I bought in 2006 - at the height. I was a mover, so benefitted from a good sales price, but was spending 250k extra. Mortgage at one point was nearly 3k! Didn't regret it for one second even at the depths of the recession when it was valued 50% less than I bought at and even though it meant sacrificing holidays for some years. In 3 months the mortgage will be paid off.