David McWilliams: Housebuyers in Ireland should step away from the market

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'If you are looking to buy a home and are only being offered dilapidated, third-rate places in parts of town you’ve never wanted to live in, you should get out of the market and wait...'

Sellers who want to get full value for their home should put it on the market without delay as soon they will face competition never seen here. Photograph: Andrew Matthews/PA Wire

If you are looking to buy a home and are only being offered dilapidated, third-rate places in parts of town you’ve never wanted to live in, you should get out of the market and wait. Until the huge supply promised by the Government’s “Housing for All” initiative comes on stream, leaving this dysfunctional market is the only rational reaction to a comprehensive national housing plan. The State is in effect advising buyers to wait, as we will be coming down with apartments, rental properties, family homes, duplexes and maisonettes, with more options for buyers and renters in the coming years.

 

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