We’re over the Covid backlog and waiting on the ABP backlog to come online…
Can’t sell them, people hanging on waiting for the landlords to sell up.
If the number of units built drops by a large amount from the 30k last year will that be enough to bring down the government?
From reading that the effect of inflation is still showing in these numbers. But the increase in purchasing and hiring since the beginning of 2023 should result in numbers going back up by the summer or early Autumn.
When the idea of a government body building houses is talked about people criticize the idea because it would be inefficient with money unlike the private sector.
FG had to introduce the first time buyer grant to persuade developers away from building office buildings because there was more profit in them. Housing is starting to stall even though demand will probably never be as high, and developers are returning to erecting office buildings because again, there is more money in it.
The HSE, schools and gardaí are all inefficient with money, but it’s needed for society to run, how is housing any different? The economy will stall if companies can’t house there employees, and giving developers grants to try and coerce them into not making the most profit seems just as highly inefficient as the idea of the government building houses
[deleted]
Given house price increases are slowing I’m guessing this is being done to correct that
Sure leo says the housing crisis is on the cusp of change 🙄 and if its not sure it’s all sinn feins fault anyway
We’re trying to get local needs to build our own home. It’s a very difficult and arbitrary process. We more or less have the funds to build so we’d be taking ourselves out of the rental market and we wouldn’t be competing with others for those overpriced new builds in satellite towns sound Dublin.
By staying in the country by a village we’d be supporting a local economy but the system is set up that you basically live in a soulless estate outside the city for 500k or else you never get out of the rental market.
How is this possible?
Is there any industry more shrouded in secrecy than residential property development? Like how do you even become a builder? How do you educate yourself? How do you get practical experience learning all the skills and trades? How do you identify a site, buy it or do all the legal and planning stuff to do it right. How do you bring together all the labour, sub-contractors etc, along with the financing for a project that could take years.
People always talk about construction and how it was all brown envelopes and money making more money but if it’s so easy why don’t we all do it? Why isn’t there thousands and thousands of builders here basically? Property values in Ireland have been extremely high for as long as most of us can remember. I do recall the crash and the recession that left lots of builders bankrupt but has the industry recovered since then or did the builders all go off to Australia or Canada?
There’s something very seriously wrong and it’s not getting adequate analysis. There’s massive unmet demand and an unwillingness to increase supply because of either lack of capacity and serious structural issues or there’s some kind of lack of financing that we are not really seeing the full picture of.
Whatever it is, it’s not being addressed adequately and it doesn’t look like it will just fix itself. Simply allowing it to drift along like this isn’t good enough.
The state is just letting things drift and hoping the market corrects itself. That does not appear to be happening. The crisis is just getting worse.
The planning system needs to become much friendlier to new developments.
If demand is so high why is the market not supplying? It’s not access to money. Is it planning issues, NIMBYS, labour issues or do we we just not have enough developers?
Supply and demand. Can’t fight it.
We are turning a corner!
That’s a strange report – it says the PMI is pessimistic but at the end of the article there’s a lot of positivity.
Why is it falling despite record demand…
GOVERNMENT ATM
Barely a week after Varadkar crowed that the housing crisis is “on the cusp of changing”. He must have meant for the worse.
23 comments
We’re over the Covid backlog and waiting on the ABP backlog to come online…
Can’t sell them, people hanging on waiting for the landlords to sell up.
If the number of units built drops by a large amount from the 30k last year will that be enough to bring down the government?
From reading that the effect of inflation is still showing in these numbers. But the increase in purchasing and hiring since the beginning of 2023 should result in numbers going back up by the summer or early Autumn.
When the idea of a government body building houses is talked about people criticize the idea because it would be inefficient with money unlike the private sector.
FG had to introduce the first time buyer grant to persuade developers away from building office buildings because there was more profit in them. Housing is starting to stall even though demand will probably never be as high, and developers are returning to erecting office buildings because again, there is more money in it.
The HSE, schools and gardaí are all inefficient with money, but it’s needed for society to run, how is housing any different? The economy will stall if companies can’t house there employees, and giving developers grants to try and coerce them into not making the most profit seems just as highly inefficient as the idea of the government building houses
[deleted]
Given house price increases are slowing I’m guessing this is being done to correct that
Sure leo says the housing crisis is on the cusp of change 🙄 and if its not sure it’s all sinn feins fault anyway
We’re trying to get local needs to build our own home. It’s a very difficult and arbitrary process. We more or less have the funds to build so we’d be taking ourselves out of the rental market and we wouldn’t be competing with others for those overpriced new builds in satellite towns sound Dublin.
By staying in the country by a village we’d be supporting a local economy but the system is set up that you basically live in a soulless estate outside the city for 500k or else you never get out of the rental market.
How is this possible?
Is there any industry more shrouded in secrecy than residential property development? Like how do you even become a builder? How do you educate yourself? How do you get practical experience learning all the skills and trades? How do you identify a site, buy it or do all the legal and planning stuff to do it right. How do you bring together all the labour, sub-contractors etc, along with the financing for a project that could take years.
People always talk about construction and how it was all brown envelopes and money making more money but if it’s so easy why don’t we all do it? Why isn’t there thousands and thousands of builders here basically? Property values in Ireland have been extremely high for as long as most of us can remember. I do recall the crash and the recession that left lots of builders bankrupt but has the industry recovered since then or did the builders all go off to Australia or Canada?
There’s something very seriously wrong and it’s not getting adequate analysis. There’s massive unmet demand and an unwillingness to increase supply because of either lack of capacity and serious structural issues or there’s some kind of lack of financing that we are not really seeing the full picture of.
Whatever it is, it’s not being addressed adequately and it doesn’t look like it will just fix itself. Simply allowing it to drift along like this isn’t good enough.
The state is just letting things drift and hoping the market corrects itself. That does not appear to be happening. The crisis is just getting worse.
The planning system needs to become much friendlier to new developments.
If demand is so high why is the market not supplying? It’s not access to money. Is it planning issues, NIMBYS, labour issues or do we we just not have enough developers?
Supply and demand. Can’t fight it.
We are turning a corner!
That’s a strange report – it says the PMI is pessimistic but at the end of the article there’s a lot of positivity.
Why is it falling despite record demand…
GOVERNMENT ATM
Barely a week after Varadkar crowed that the housing crisis is “on the cusp of changing”. He must have meant for the worse.
Ah well… IT’S ALL SINN FÉIN’S FAULT.
“BuT wE ArE bUiLdiNg NeW HOmeS”
FG and FF working hard as always.