Source (PDF): https://www2.deloitte.com/content/dam/Deloitte/at/Documents/presse/at-deloitte-property-index-2023.pdf

by SeanB2003

37 comments

  3. All to “live” in a city of a million, with the services and amenities of a city of 100k’ if even that.

  5. Is there any good indicator that Ireland is the top of the list?

  8. I genuinely don’t understand how new teachers or Gardai could afford to live in Dublin.

  9. Oh would you look at that! So when everyone is saying oh there’s a housing crisis all over, it’s not just Ireland, the dozy fuckers can look here. This is nothing to be proud of but it shows we’re not crazy, it is actually worse in Dublin in particular than anywhere else.

  10. This is what happens when a small and undeveloped country opens its doors to multinationals and worldwide talent and can’t keep up the pace with the success it found.

    Dublin is just a multitude of villages gathered around a more urbanized center. 90% of Dublin is very rural and not connected in anyway to the word “urban”. 

    Those in power saw that this influx of workforce allows property owners to build considerable wealth, even if the structural quality is low. 
    These people were clever enough to make the situation increase the country’s buget and theirs. First, because rental income gets massively taxed (in my EU home country it’s taxed only 10%), second because overregulation increased the prices of the very low supply.

    The very bad part is that if the multinationals went away, Ireland would be doomed, all the economy would collapse and huge tragedies would occur. If the rent or the property prices were to reduce to half, most people would be in a far worse situation then they are in now.

  11. I’ve always been curious of stats around renting outside of rent alone. Other places are expensive but is finding a place difficult if you can afford it? Is it good quality or a shithole? Its one thing if a 1 bed place will cost 1.5k, but theres a huge difference between viewing a few places, saying you’ll take it and getting it vs applying for everything and maybe you’ll get a reply for a place covered in mould.

  12. I would hazard a guess that the public transport infrastructure and quality of life is a hell of a lot better in the cities on list compared to the Irish ones.

    What the feck do we actually pay taxes for?

  13. All for it to be one of the worst cities in Europe 🥳🥳 (definitely out of the capitals anyway)

  14. Wow. That’s double what the rent would be in Melbourne and wages are way higher. That’s fucking crazy.

  16. Would be more interesting to see the stats adjusted for average income.

  17. It would have been much more informative if it were average rent as a % of average salary.

  18. More expensive than Paris?!? That’s insane…

  19. Its more expensive to rent in Cork than Munich – fuck me pink and ride me backwards….

    No offense to Cork but Munich is a major European city with a population of 1.6 million and every area of infrastructure is some of the best I’ve ever seen.

  24. In before half of this subreddit pulls stats out of their arse to say the housing crisis is overblown, it’s the same everywhere, we need to tighten our belts and pull ourselves up by the bootstraps and that FF/FG are doing a bang up job and if you disagree you must be a filthy dole merchant.

  25. I think the fact that Warsaw surpassed Brussels is sad too

  26. An overlooked feature of the Irish market is units of housing tend to be bigger (120sqm vs 70sqm for each other country in the study!)

    There’s obviously still a crisis and the cost of housing is obviously still too high, however if we built closer to the average European size this would make a real difference in cost.

    It’s been pointed out before as well that new builds in Ireland are expected to be fitted out (bathrooms and kitchens) whereas in most of Europe you get not much more than an empty shell.

  27. And it’s not like the houses or apartments are nice either. They are complete shit holes. Older than my gran. Riddled with mold and COLD

  28. Three out of the top 15 are Irish.

    Thanks to the landlord parties, FF/FG. Thanks for selling NAMA properties for pennies to REITS and foreign investors. Thanks for keeping housing scarce. Thanks for lack of rent control. Thanks for not building enough social housing. Bet that your sons and daughters won’t be forced into emigrating to make a life for themselves.

    After all, one man’s rent is another man’s income.

  29. Those are rookie numbers!

    We need more pushback against new rentals. We need more housing bought from the market by councils at ridiculous prices and than rented out at fraction of cost. We need to limit rental supply and we need to do it now! We need to squeeze those renting on open market even more! We need to further increase disparity between social and owned housing vs renting by regulations!

    Obviously /s like both sarcasm and sadness

  30. When you see Galway and Cork in the mix too. Absolute insanity. The quality of the accommodation is also a survey I would like to see

  34. I was wondering where Vienna was, and had to scroll through the pdf to find it.

    Turns out there’s lower values beyond Krakow (PL) – Vienna (AT) is at 9.1, and the lowest is in Burgas (Bulgaria) at 3.0. Vienna (1.9 Million people, with a Bus, Tram, and Tube system) happens to own ~50% of the housing stock in the city, and builds more every year. On the flipside, it’s more expensive to buy a home in Austria than Ireland (~4k vs ~3k per sqm).

    The Lowest UK value was Manchester (10.7).

  36. “BUT WE NEED MORE TIME TO FIX THIS, THIS ISSUE JUST RECENTLY ARISED!!”

Leave a Reply