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

IGB is occupied but its private renters afaik.

Montpellier is mixed so far.

I surprised no mentioned this.

Kite waving or real the announcement of loosing of planning in rural areas. What effect could it have on the housing issue.

Are Dublin apartment prices trending downwards?

Well they certainly are at Abbeyfield, Milltown, D6 on the southside. I've been looking at identical 2 bed, 1 bath, ground floor apartments in the development and this is what I found:

No 49 sold 500,000 (asking price 450k) 59 sqm sold 10.05.2024

No 66 sold 471,000  (asking price 425k) 57 sqm sold 23.08.2024

No 33 sold 519,000 (asking price 445k) 59sqm sold
07.02.2025

No 24 sold 505,000 (asking price 475k) 57sqm sold 10.03.2025

No 5 sold 500,000 (asking price 495k) 58sqm sold 16.02.2026

No 32 is also a 2 bed, 1 bath, ground floor apartment with an advertised floor space of 63sqm. It went on sale in February asking 495,000 and has since been reduced to 475,000, and now 450,000

Evidence of the price drops for no 32 here:

The sold prices suggest prices rose and then peaked in early 2025 and are now on the decline. I've taken this data from the property price register and cross checked vs the original estate agent's adverts.

I appreciate this is just one example and not necessarily applicable to the entire housing market, but a canary in the mine perhaps?

The glee is because these tech companies are a stain on humanity, they don’t represent anything good that Ireland and Irish people associate with. The country would be better off without some of the awful tech companies like Meta and Tik Tok at least. They are also causing an energy crisis in Ireland with their data centre developments. The country is so reliant on the stolen corporate tax receipts that it has become lazy and unambitious with diversifying the state’s revenue stream. Unfortunately this is also really demonstrable in a lot of people these days; just so uninspired with their vision for the country to improve and develop, happy with the **** infrastructure, completely messed up housing market, terrible health system etc.

Maybe the country deserves these tech devils, upon reflection.

I agree nothing in the bracket 800/900k is worth that price.

FTB mortgage drawdowns in Jan to March this year are the highest they have been in any quarter since 2007.

They can look for as much as they want, but affordability rules have the final say. A larger second-hand house would either be located in Kildare or require €200,000+ to bring it into a viable condition. It's a hard choice for many people, but apartments are the only realistic starting option for the majority (as you'd rather get them A-rated if you can).

For those picking 2 houses in the same road and comparing prices is not very accurate 2 houses could be completely different more bedrooms, extensions, better condition, better finish, higher energy rating etc.

Stats are showing prices are continuing to rise at a lower rate this year but still rising. already we can see Dublin hitting a celling but the rest of the country is rising a lot faster now as demand for some kind of housing especially in counties around the Dublin area and other major counties, Cork, Galway etc are rising at a higher rate.

https://www.rte.ie/news/business/2026/0513/1573132-cso-residential-property-prices/

While we have had a net migration of almost 60k people coming to Ireland in 2025 - these people all need somewhere to live which is making the situation exponentially worse. I seen a figure of 300k units that we need just to stand still and to house what we have here so every year this figure is growing.

https://theliberal.ie/irelands-migration-reality-check-we-had-125300-arrivals-in-2025-amid-surging-costs-and-rising-public-alarm-3-2-2/

On top of this the average Joe and Jane are competing against the state to buy property, aswell as global investers, REITS and Vulture funds.

https://www.facebook.com/GriptMedia/posts/the-department-has-confirmed-it-bought-dozens-of-homes-for-asylum-accommodation-/1578669990925623/

We have also had about 20k additional bodies to house in the death vs birth rate - showing there will be more future demand for housing

https://www.cso.ie/en/releasesandpublications/ep/p-vsys/vitalstatisticsyearlysummary2025/

The building of housing continues to wain and with the population increases thrown into this means we still have not got enough housing to house the population that currently resides in Ireland and with the wars going on in both Ukraine and Iran except to see more Asylum seekers who will have to be housed.

https://www.independent.ie/business/irish-business/revealed-housebuilding-declined-further-in-may-as-construction-growth-remains-fragile/a/156218417.html

So while the below conditions remain true:

The cost of building remains high.

The number of dwellings completed remains low and continues to decrease.

The number of bodies that need to be housed increase year on year (by almost 80k in 2025 alone).

Then the net result is house prices are going to continue rising for at least the next 5 years and the 3 factors above are what's driving the cost. The government should do away with all subsidies to the property market both rental and buying it may bring prices down but I can see the Public sector clamoring for pay rises which will mean more pay in peoples pockets so more spending power as well. Already we have the first shot from the banks with Avant Money giving 5 times peoples salary.

So there are the facts and the argument that house A on street Y sold for X amount a year ago and House B on the same street sold for less or the same a year later is not a valid argument.

The used market is not as affected by the states property price pumping apparatus

A decent D or C grade home is usually better located and according to a recent survey costs similar in terms of heating and carbon emissions as a new A rated home

The state is a significant if not dominant buyer of new homes so in addition to competing with them on price, you will have to consider what the estate will look like in 10 years time given there track record in property management.

Regardless, The majority of FTB are priced out of the new A rated homes even with all the state subsidies to both buyers and developers

Propping up house prices, rents, developers share buybacks and bonuses is proving to be very expensive.

A generational opportunity is being squandered yet again by government spending out of control with nothing to show for it but more costs and liabilities long into the future.

50% of corporation taxes are now paid by 3 companies. What could possibly go wrong? Thank you prudent Paschal and your prodiges