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skomer

Housing shortage in Dublin

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Interesting article from Politico detailing the dire housing situation in Dublin... would appear that Dublin taking full advantage from Brexit is all hot air.. unless all those relocating City bankers just displace the locals from the housing market it looks like they will not have anywhere to  live......

Also mentions French IT couple fed up with cost and availability of housing in Dublin planning on relocating to Spain....(Spanish economy must be on the up !?)

http://www.politico.eu/article/ireland-housing-shortage-puts-strain-on-revival/

 

 

 

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Of course head out to more rural parts and there is plenty of surplus housing which won't sell. 85,000 euro for a 3 bed 2 bath detached house with land close to Killarney and Kerry airport - which has two daily flights each way to London and also flights to Dublin and Frankfurt. Ideal for the City banker who doesn't know where he will be working post Brexit!

 

http://www.daft.ie/kerry/houses-for-sale/killarney/toornanaunagh-kilcummin-killarney-kerry-1494856/

 

 

Edited by MARTINX9

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Dublin housing has been a joke for the last 4 or 5 years.  There was a massive property crash around 2008 with the financial crisis and all the Irish bank bailouts but it was rocketing again shortly afterwards once the bailouts and lax fiscal policy got into full swing.

Result - unaffordable houses and unaffordable rents plus really rubbish quality accommodation generally.

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Still some great areas in Dublin and other cities though where the loaded compete with one another to live

http://www.irishexaminer.com/ireland/house-prices-up-50-since-market-bottomed-out-450009.html

Worth a read- prices still well down from the top of the last bubble. 

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"Despite this, prices remain significantly lower than at their peak — down 31.5% since the highest level reached in 2007. Dublin residential property prices are 31.5% lower than their February 2007 peak, while prices in the rest of the country are 36.4% lower than when they were at their highest in May 2007."

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13 hours ago, skomer said:

. unless all those relocating City bankers just displace the locals from the housing market it looks like they will not have anywhere to  live.....

Never stopped them in London. Locals will just have to do as we do and move further out

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