A LEADING HOUSING expert says figures suggest that Ireland has built more properties for rent than for sale for the first time in generations.
The housing units in the remaining 71.3% are, as referenced above, a combination of apartments built-for-rent, social housing and one-off houses. “You could argue we’re still not building the type of housing that we need, either for potential homeowners or as a state and trying to prevent people falling off a cliff when they retire and they’re renting those houses.”
Other transactions are called ‘filings’ but these are only notices that property is set to be transferred, rather than confirmation that the deal is done. When doing this, he found that last year saw the total number of new dwellings was 29,851 and of these, 28.7% became available for purchase. This amounts to 8,590 properties.
Housing Department response When contacted, the Department of Housing said it believed “access to the market for purchasers is strengthening”.“Last year, according to the CSO, some 16,112 homes were purchased by first-time purchasers – the highest number since 2008,” the spokesperson said.Advertisement
“Increasing homeownership is a priority for Government. A record €4.5 billion in funding will be provided to increase housing supply across all tenures this year, including €1.3 billion to support delivery of affordable housing and €900m to support home ownership and help more than 15,000 households to buy their own home.
“The vast majority of apartments are for build-to-rent and social housing so they will never come to the market for sale,” he told The Journal. “First-time-buyer activity in the new homes market in Kildare is up 273%, and in the Mid-East including Louth it’s up 212.5% since 2017.” His figures, which examine the ‘net housing coming to market’, based off the aforementioned CSO and Revenue figures, show that this has dropped significantly since 2017. Then, the proportion of the total number of new properties coming onto the market stood at 51% of the total housing output in the State – coming to 6,840 homes.
That's the idea. Wef communist state. Rent from state or affiliated vultures. You will own nothing and be happy. Control of housing, control of food, control over everything. No work for the useless class to become financially independent. Contracts for the rest.
Scary. I have so much empathy for anyone facing eviction with nowhere to go.
The cheque in the post Lorcan.
Somebody is milking the renter's, now I know why I feel like a 🐄