Thursday, October 9, 2008

in Dublin alone there are 10,000 unsold private units almost half of which have two bedrooms.

Govt urged to buy empty homes

The Government has been urged to buy some of the thousands of homes left unoccupied because of the recession. Simon Communities of Ireland says the homes should be used to house the many families to whom the Government has promised accommodation. Simon, which works to end homelessness, says that in Dublin alone there are 10,000 unsold private units almost half of which have two bedrooms. It wants the State to buy some of them now, a move which it says would be welcomed by the construction industry and the wider economy.

Posted by malct @ 10:31 AM (527 views)
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6 thoughts on “in Dublin alone there are 10,000 unsold private units almost half of which have two bedrooms.

  • SUPPLY AND DEMAND???????????

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  • add the 1000’s in manchester, leeds,liverpool, london, plus all the empty offices and hey presto like magic the govt runs out of money… it can’t buy everything… why should taxpayers fund everything, this will lead to civil unrest…

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  • There’s no need for the government to buy these places (in the UK at any rate). They already have the power to requisition them for rent:

    see here

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  • My Wife returned home late on Saturday evening after a 3 day trip to Dublin – whilst over there she took in a bit of sight seeing including the open top bus – strangely enough what struck her most was how the guide pointed out the Dublin housing and the associated prices – she nearly fell off the top deck when told an ex council 2 bed terraced “cottage” was Euros’s 500,000.

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  • mark wadsworth says:

    @ Cornishman, there is no need to requisition them for rent, except as a last resort!!

    Those empty flats must belong to somebody – ergo, if we had land value tax (or at least got rid of Council Tax exemption for flats, preferably levying it from the first day that planning permission is granted, to avoid builders leaving flats unfinished), the owners would suddenly realise they have a bill of a few hundred or a thousand pounds every year, which they have to pay somehow. So that will keep things simmering gently, rather than boiling people alive.

    So instead of the government paying money to bring houses back on the market, it will be collecting money and achieving the same thing, which will enable other taxes to be reduced.

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  • notaneconomicsguru says:

    5 – Mark. What exemption for flats? I thought flats has to pay the same as any other property?

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