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Who are buying all the new houses?

1192022242530

Comments

  • Registered Users, Registered Users 2 Posts: 15,057 ✭✭✭✭Geuze


    Three new housing estates are or were under construction in Kells, Co. Meath during 2024 / 2025.

    One is for sale to the general public.

    The two other estates were sold to either Meath Co. Co. or AHB.



  • Registered Users, Registered Users 2, Paid Member Posts: 22,119 ✭✭✭✭Bass Reeves


    Because we have the same workforce available no matter who arranges the building houses unless we change to some sort of prefabricated house or reduce regulation of build quality. Government bodies are very inefficient when they arrange anything in the construction sector whether it's a railway line, a children's hospital or a house

    Slava Ukrainii



  • Registered Users, Registered Users 2, Paid Member Posts: 6,585 ✭✭✭straight


    That's what I thought this thread was about. The government are the biggest buyer of houses in the country and giving them out for a pittance then to people that are able to work the system.



  • Registered Users, Registered Users 2 Posts: 15,042 ✭✭✭✭Red Silurian


    Discovered a while back that we were outbid by the council on a house we were looking to buy for ourselves. Quite literally my tax money working against me.



  • Registered Users, Registered Users 2, Paid Member Posts: 28,401 ✭✭✭✭Peregrinus


    Because the government would be competing with the private sector to buy up suitable building land and hire construction workers/construction contractors. The more resources the goverment puts into housebuilding the stiffer this competition becomes.

    Increased investment in public housing might well be a good policy for other reasons. But it is not likely to make private housing cheaper or more abundant; more probably the reverse.



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  • Registered Users, Registered Users 2 Posts: 5,746 ✭✭✭enricoh


    David McWilliams said a month or 2 ago that the state was buying 80-85% of all new builds in estates. I haven't heard one person contradict him in the meantime.

    The average couple gets to fight over the scraps leftover.



  • Registered Users, Registered Users 2 Posts: 282 ✭✭Terrier2023


    i love in the country & there are 2 beautiful houses for sale not a nibble not even a viewing. So cheap houses & flats might be selling but well maintained 4/5 bedroomed family homes not being sold at all.



  • Registered Users, Registered Users 2 Posts: 4,085 ✭✭✭Rocket_GD


    Where abouts in the country and what are the asking prices? I'd be very surprised about that unless they're looking for a mad amount.



  • Registered Users, Registered Users 2 Posts: 446 ✭✭Soc_Alt


    The government should go back to building their own houses council estates on council land.

    Leave everything else to the developers to sell privately.



  • Registered Users, Registered Users 2, Paid Member Posts: 22,119 ✭✭✭✭Bass Reeves


    I would not accept that. A two bed cottage build in the 50's renovated in the 90's on an acre sold for 325k not too far away from me. Around 15 miles from Limerick city about 2 miles from nearest village. Lived in up until it was sold so no vacant house grant. Liveable in but dated will need refurbishment

    Slava Ukrainii



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  • Registered Users, Registered Users 2 Posts: 2,055 ✭✭✭Stephen_Maturin


    Not at all what I’ve been seeing

    Post the daft listing please, would be interesting to see



  • Registered Users, Registered Users 2 Posts: 37,707 ✭✭✭✭o1s1n
    Master of the Universe


    Either over priced or not in a very desirable location surely?



  • Registered Users, Registered Users 2 Posts: 37,079 ✭✭✭✭NIMAN


    Could the government not set up a semi state company, a la ESB, to employ builders and build their own houses?

    You'd be a government employee and would be employed in your local regions occasionally going elsewhere if needed, a a la ESB.



  • Registered Users, Registered Users 2, Paid Member Posts: 6,585 ✭✭✭straight


    The government couldn't organise a piss up in a brewery. Too overruled by unions and civil servants. Arrive on time, take your time, go home on time.



  • Registered Users, Registered Users 2 Posts: 5,879 ✭✭✭BlueSkyDreams


    With what money and which workforce?

    We need more builders to scale up but at the same time most folks dont want more immigration.

    You cant have one without the other.



  • Registered Users, Registered Users 2 Posts: 37,079 ✭✭✭✭NIMAN


    I just think if there was a chance to enter a government job with good career prospects, a good pension etc, then it would attract a lot of folk in the industry.



  • Registered Users, Registered Users 2 Posts: 5,879 ✭✭✭BlueSkyDreams


    I see your point but i dont belive the govt want to manage the construction themselves, nor the workforce and pensions that go with it.

    I do agree that the govt need to ramp up social home building and allow the private sector to build private homes.

    It just doesnt look like it will happen.

    Much easier to wait for the private sector to build and let them take all the risk and then gobble up the new housing estates for social housing when construction is complete.



  • Registered Users, Registered Users 2 Posts: 37,079 ✭✭✭✭NIMAN


    And the Gov about to announce a new building plan, which us and them know, won't ever be hit.



  • Registered Users, Registered Users 2 Posts: 2,174 ✭✭✭Gen.Zhukov


    Lets just throw a few facts into the mix here - One large estate agent (3 Dub branches) and with fantastic analytics/stats of their buyers and renters

    I don't know if 'Irish buyers' includes state entities or not, or if govt will buy through estate agents - they're in that much of a heap and so incompetent, they'd probably buy from some guy in a hoodie down a lane off Henry st

    Buyers.jpg 2023 buying stats dub.jpg

    The rental market on the other hand is a disaster (well, for the Irish anyway) but maybe that's for another thread -

    Tenant profile 2023

    Rental report 2023.jpg


  • Registered Users, Registered Users 2, Paid Member Posts: 28,401 ✭✭✭✭Peregrinus


    That wouldn't alter the fact that they'd be competing with the private sector for land, workers and other resources needed for housing construction.

    They could, but they'd still be competing with the private sector for land, workers and other resources needed for housing construction.

    (As I said above, something like this might be a good policy for other reasons, but it would not tend to reduce the price of new houses for private buyers.)

    But I think setting up a semi-state construction company is not a good idea, unless your intention is that the goverment should permanently be in the business of building houses, at scale — i.e this is not a push to increase the housing stock, it's a permanent change in the construction market — a semi-nationalisation, if you will, of the housing construction industry.

    In the past, when the goverment did build public housing in significant volume, they hired private contractors to do it, and that seemed to work well. Other countries that build public housing in volume also contract out the actual construction work. Off-hand, I'm not aware of any that has a permanent state-owned construction company for this purpose.



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  • Registered Users, Registered Users 2 Posts: 282 ✭✭Terrier2023


    20 miles from Galway city going north

    420K & 375K not a nibble complete refurbished to very high standard



  • Registered Users, Registered Users 2 Posts: 4,070 ✭✭✭Ozymandius2011


    Labour and Greens objecting to smaller apartments in the High Court.



  • Registered Users, Registered Users 2, Paid Member Posts: 9,697 ✭✭✭Backstreet Moyes


    We don't need immigrants to build houses in Ireland.

    We need to reduce immigration and free up accommodation for Irish construction workers who emigrated because they can't buy a house here.

    How tone deaf are these politicians with the campaign to get them to return home.

    They want to reassure them that they will get work here as if that's why they won't return.

    They won't bloody return home because it's impossible to get a house.

    Please come back to live with your parents and build houses that you will never be able to afford yourself.

    https://www.thejournal.ie/build-back-home-adverts-irish-constructions-workers-6847369-Oct2025/



  • Site Banned Posts: 2,225 ✭✭✭TonyMaloney


    If they've purchased a home in Sydney then they'll easily be able to afford a home in Dublin. It's hard to fathom, but if you're looking to buy, then Australian cities are significantly worse than Irish cities. And yet are somehow cheaper to rent in.



  • Registered Users, Registered Users 2, Paid Member Posts: 9,697 ✭✭✭Backstreet Moyes


    Being able to afford a home and finding a home are two different things.

    It is very difficult to find housing in Ireland.



  • Registered Users, Registered Users 2 Posts: 15,402 ✭✭✭✭The Nal


    Well, it is and it isn't.

    Theres about a thousand apartments for sale in Dublin at the moment for example.

    About 15 thousand properties countrywide. Yes its very low but not impossible by any means. Irish people just dont want to live in apartments though. For any length of time.

    I know people who can afford one but would rather "wait" (for what?) and see it out in their childhood bedrooms.



  • Registered Users, Registered Users 2 Posts: 4,085 ✭✭✭Rocket_GD


    Surprisingly easy if you have the funds. Yes there are bidding wars and a large demand but there is plenty out there to buy.



  • Registered Users, Registered Users 2 Posts: 7,788 ✭✭✭timmyntc


    The state employing private builders will not reduce supply overall - that is because the bottleneck in housing delivery is (from the horses mouth) zoned and serviced land.

    We have excess labour, just not enough for them to work on. A number of mid sized builders are having to take on projects in UK because there isnt enough in ROI to keep all their staff going, the alternative is shrinking the company.

    Some guaranteed building work from the state on state land would be a boon to the construction industry.



  • Registered Users, Registered Users 2, Paid Member Posts: 28,401 ✭✭✭✭Peregrinus


    It doesn't matter whether the bottleneck is skilled labour or zoned and serviced land; the State competing for whatever resource is the choke point will tend to drive prices up, not down.



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  • Registered Users, Registered Users 2 Posts: 179 ✭✭thenuisance


    I'd love to know why we're still approving planning for offices, and building offices when there is nowhere for the office workers to live. Isn't this what planning is for?

    Just because something was offices - does it still need to be offices? - when we need homes more than offices. Why do we build offices in the centre or the east of the city and make everybody commute across the offices? Not everybody wants to live in an apartment for all their lives but lots of folks do, at least for a short while, until they've decide what part of the world/country they want to live. And by the way I don't think the solution to this is to build smaller, shittier apartments - as the current 'government' is proposing at the behest of their developer friends.

    The old Reuters building (as I know it) at the junction of Northumberland road and the canal is currently being demolished - it would make a lot of sense for this to be apartments. It's a nice area, has schools, shops nearby etc? As far as I can hear its going to be offices. There's an empty site at the junction of the SCR and the Rathmines Rd - there used to be corporation flats in there - I believe that's going to be offices. The bit they have re-developed so far has some apartments - but it's mainly Amazon offices at the moment.

    Apparently the Kevin Street development (Camden Yard?) has stalled - that was going to be offices/apartments. The Government should CPO the site and build apartments.

    The old IDA building on Wilton Place was demolished and replaced by - offices - again shops and schools nearby, a nice park which somehow seems to have fallen into the hands of a private company. Strangely enough yer man Collison from Stripe, who was whinging about the lack of homes in Dublin has his companies offices there.

    The city is dying - businesses complain about falling footfalll. People are commuting from the likes of Navan - guess what the Navan bus stops at Wilton Place - probably to deliver Stripe workers who can't live in the city. People who live in the city will shop and socialise in the city.

    There are solutions to our problems but we don't elect politicians who are willing to solve these problems.



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