“**Barring a sudden and sizeable recovery in Irish net migration**, or a politically controversial policy of demolishing large volumes of excess housing stock, housing oversupply will remain a feature for many years, possibly decades, to come,” says Deutsche.
Tbf to the report authors:
“However, the 2011 population growth figures were well below the levels seen over the previous decade. But such is the scale of vacant property that even at pre-crisis, boom-year population growth levels it would take almost 10 years to clear the backlog. “
Isn’t there still 150,000+ vacant properties though?
Thankfully the report was done by a number of experts, most likely economists.
I also remember reading some economist saying it would take Ireland two to three decades to recover and the population would decline due to mass emigration.
I have come to the firm belief that most economists (academic or professional) really don’t know too much about how the real world works.
Plenty of decaying empty houses in my parents village which doesn’t even have a shop to buy a carton of milk. You could live there and commute by car 40 minutes each way to the nearest decent sized town where you can get a part time job on a zero hour contract somewhere.
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I think the answer is in there.
“**Barring a sudden and sizeable recovery in Irish net migration**, or a politically controversial policy of demolishing large volumes of excess housing stock, housing oversupply will remain a feature for many years, possibly decades, to come,” says Deutsche.
Tbf to the report authors:
“However, the 2011 population growth figures were well below the levels seen over the previous decade. But such is the scale of vacant property that even at pre-crisis, boom-year population growth levels it would take almost 10 years to clear the backlog. “
Isn’t there still 150,000+ vacant properties though?
Thankfully the report was done by a number of experts, most likely economists.
I also remember reading some economist saying it would take Ireland two to three decades to recover and the population would decline due to mass emigration.
I have come to the firm belief that most economists (academic or professional) really don’t know too much about how the real world works.
Plenty of decaying empty houses in my parents village which doesn’t even have a shop to buy a carton of milk. You could live there and commute by car 40 minutes each way to the nearest decent sized town where you can get a part time job on a zero hour contract somewhere.