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

They can inherit the pension value, any assets will be sold.

Also there more than likely will be a family home to inherit which cannot be part of the pension, so the point is moot.

I asked to see if you understood them. You can't put in an existing property. It was not an option for most people who bought rental properties in the past and no longer an option since 2021. It is a very expensive option when available.

You made it sound like every one could/was doing it. You never explained the figures for the 3% yield

Lorcan sirr on podcast about article

The 40k units+ per year and the parties of homeownership exposed for the fraudsters they are

There policies are building less, poorer quality for higher prices and rents

Tax payers money spent to drive up there cost of living

How far from the truth is this statement?

"The chief executive of Glenveagh Properties, one of Ireland’s biggest homebuilders, has said a small number of people have delayed infrastructure projects for years, cost taxpayers “an absolute fortune”, and are “robbing a generation of future housing”.

Hi Guys - wondering peoples thoughts on this. I have rent review due with tenant( in property >6 year) and that usually lines up with me issuing a renewed 1yr lease. I'm not sure what I'm going to do with property and was waiting to see draft legislation etc . Do you think any benefit in holding off on review and rent increase ( ~2%) until after i know what the lie of the land is - or should i just do the review/rent increase regardless.

Also - am i right in saying technically as they long standing tenant the 1 year lease doesn't really mean anything as they have indefinite lease?

Thanks

You're entitled to increase by the 2% even if you intend to sell next year and it's not like it's much effort so you might as well

@Muppet Man When you rent a room in your house, the occupants are licensees. This is like having guests in your house. If it doesn't work out you can ask them to leave. I cannot imagine this will change as licensees are not tenants and residential tenancy legislation does not apply. But then again I never thought I would see the day when a rogue tenant can stay in a property without paying rent legitimately.

Is it a real ad? It's listed as having 14 beds but sleeps 12?

If the government did nothing, I reckon there would have been more houses built over the last five years. Take a look at the job growth over the last 5 years and in particular the sectors where that job growth occurred. All sectors with higher average pay.

Had the Government sat on there hands and allow natural market forces to take over, more homes would have been built.

It would appear developers are rationing supply knowing that the collector of taxes from those sectors will give them a far better deal than people in high paying jobs paying those taxes.

Look at the poor growth in retail and hospitality jobs. This looks like a symptom of the high rents, property prices and taxes propping it all up meaning workers have little left over for discretionary spend.

Once again housing is consuming the economy

With the new Rent changes in March 2026, will a landlord be allowed increase rents by more than 2% annually, if the apartment is considered new?

New meaning the commencement notice was issued after June 2025.

The 2% CPI rent increase cap during high inflation periods may mean that a new apartment is still restricted to only a 2% rent rise each year?

20024 had record commencement notices with a huge surge to meet an April 2024 deadline that was later extended. Just shy of 70,000 units in total. One would expect construction to be surging in 2025 based on those numbers but alas, we have 5 months of decline

I suspect notices were sent in on unserviced sites to pressure the government to service them thus increasing the site value. As I understand it there are plenty of serviced sites available

Also worth noting that the two big developers are engaged in share buy back programs. In times of such shortage one would expect available capital to be reinvested in more inventory.
We are told that cost of capital for building is @ double digit percentage rates, current margins are @ 20% Why would you use available capital to buy back shares when if you used it to build the combined savings plus margins amounts to 30%+ return on investment

We are told building is unviable and VAT must be cut to further enrich developers we are told this is a supply measure. The truth is that it just increases land values making it harder and more expensive to add new supply

The taxpayer is being played and is probably the Anglo/Irish nationwide of this cycle

24,325 dwellings for the year at end of Q3 2025, and Q4 likely to be slower.

We'll be hitting approx 30k again for the year, no real measureable growth since 2022 and its 29,640.

If you'd told people in 2022 that completions would be at broadly the same level in 2023, 2024, and 2025, and the population would increase by hundreds of thousands of people in those years while we're at it, they'd tell you such a scenario would be impossible, unbelievable. That of course numbers would be increasing signficantly in that time period.

I think they'd actually struggle to believe there would be no growth in those years, given the surplus wealth of the Irish state in the same years especially. Its utter failure.

Last 12 month completions is bang on 33,000, this is the highest since the Celtic Tiger. We’ve just had back to back record quarters. It’s fairly likely we’ll end up close to 35,000 for 2025.

It is not enough but we live in this weird world without nuance, where people catastrophise and throw out conspiracies.

Sorry what now.

This isn’t correct. The last 12 months is at 33,000 homes.

10% is not a small increase.

The only reason that they’re at this level is because of the wealth of the State and them pouring money into it. Compare to the rest of Europe on housing output and we are top of the class.

Now we have some prime stupid regulations and tax here on housing, which is stunting growth, but it’s a function of being a high regulation/ tax society. Nothing to do with wealth.