Other EU countries have banned foreign property buyers to ease housing crises. Should Ireland do the same?
by Irish201h
Other EU countries have banned foreign property buyers to ease housing crises. Should Ireland do the same?
by Irish201h
13 comments
Can’t be a huge number.
And it hasn’t actually worked in any of them, which is why most are talking about repealing their bans.
Be incredibly, incredibly suspicious of articles like this that say “other countries did this” and then flat out refuse to talk about what happened as a result.
https://preview.redd.it/7x6xkj4ejmvc1.jpeg?width=503&format=pjpg&auto=webp&s=52361f1610345e32bbb228bbd2bdeb67b4dcb511
None of these countries listed banned the purchase of apartment blocks or schemes by institutional Funds and investors. It only pertains to individual buyers.
Any evidence that individual non-EU buyers are actually a big problem? There were stories of Chinese people moving here, but the “golden visas” were already closed to new applicants quite a while back.
Be less weaselly to just go full commie and seize and nationalize at this stage.
Yes and we should permanently ban investment funds from buying homes, increase taxes significantly for multiple home ownership, put a cap on immigration and build at least the amount of houses promised.
These are things leadership would do if they wanted to end the housing crisis. But they won’t as it’s incredibly profitable and not a crisis to them.
💯 percent.
No. Just because other countries have ineffective solutions to their problems doesn’t mean we have to.
As some people have mentioned, buying a property for foreigners doesn’t entitle them to the right of residency here. They’re buying as investments.
In any case, I think they definitely need to do something like this. Don’t know why there is so much concern regarding the legal challenges. Loads of countries have done it and apparently the Irish housing market is one of the most open in the world.
In democratic countries, it should be the governments job to keep capitalism from going bad and out of control because there is always a tendency for that to happen. Anything that restricts or lessens the degree to which housing can be speculated on would in my view be very much welcome.
If other EU countries are banning foreigners from buying property, that same pool of potential buyers is going to settle into the few EU countries with no such ban, such as ourselves. The issue is small now, but is only ever going to accelerate
Yes, and go further.
Is that even in question…Yes they should,yesterday!in my opinion
The main issue here is councils and REITS buying and leasing new builds. Stop that and you are on your way. Anything else is just deflection by populists
See how all of the rent controls and regulations have worked so far anyway.
Oh sorry, wrong planet. None of them worked at all. In fact every single intervention has made the situation even worse.