Are new homes needed in the capital?

Are new homes needed in the capital?

There are many reasons why house sales are not at a level which they were in the past.

Many of these are financial but a knock-on effect of this is also a decline in available stock.

The latest figures from MyHome.ie have shown, for example, that residential for sale stock in Dublin has tumbled by more than a third in the past 12 months.

While the second quarter of the year saw things rebound slightly, it is still a major issue and has meant that many househunters are almost battling with each other on an ongoing basis for the likes of three and four bed homes.

This is a particular problem in parts of Dublin, with suitable family homes in key parts of the capital extremely hard to come by – at least at affordable prices anyway.

It is no surprise that Dublin is emerging from the housing slump first. That is not to say that a full recovery is in place, but a series of recent studies have shown an upward trend in sales and transaction values in the capital, as well as asking prices.

That has led to a few calls from people suggesting that new homes need to be built. Many people might baulk at that statement, fearing that we might have learnt nothing from the mistakes of the Celtic Tiger era.

However, in those years – in the capital especially – there was an abundance of apartments built that simply never caught people’s imagination.

What prospective buyers want now are family homes and there are a lack of these. So why not supply the demand and create much needed employment in the process?

With that in mind, we’d like to get your opinion on new homes…

[poll id=”88″] [poll id=”89″] [poll id=”90″] [poll id=”91″] [poll id=”92″]

There are 15 comments for this article
  1. Andrew at 6:05 pm

    To evan,

    What would you consider a fair price to pay?

    I know of 3 sites waiting development, site cost circa €150,000, build to an incredibly high standard circa €200,000

    That looks a lot to me for a three bed terraced house in D7, the figures are from a small builder who bought the sites in 2004, he intends leaving them sit simply because he would not make a profit.

    I would not buy a second hand estate house built anytime between 1998 and 2010.

    Priory hall and a few pyrite ridden are the only developments that made the news, based on the buyers experiences in those developments who in their right mind would complain loud enough to be heard?

    Big Phil has decided that self regulation is still the best way for future developments, how stupid are our governments and local authorities?

    The best model (though not perfect) is the UK & northern Ireland where they have proper building control enforced by the local authorities.

    Dublin needs more houses but they must be built to a decent standard, a standard that is overseen by a partie who has no beneficial interest in turning a blind eye to shoddy workmanship.

  2. David at 5:50 pm

    Oh come on now folks. Do any of you REALLY think anything will change? That any lessons have been learned?

  3. Amanda at 4:07 pm

    I would never consider purchasing a new home, if they had of built the considerably better in previous times I might, however nobody was help accountable for huge errors and irregularities so my answer is no.

  4. Rez at 3:57 pm

    The next bubble has already started. It is happening again.

  5. Dermot Kearns at 3:50 pm

    If we do not begin to build new family homes in Dublin city and surrounding areas standard three and four bedroom homes will continue to increase in value. Before the boom years we would have built between 30,000 and 35,000 homes in Ireland each year to keep up with demand this figure is now somewhere between 8,000 and 12,000. Unfortunately there is a method in this madness.High demand equals high prices and huge profits. Again we see Ministers not forward thinking or simply not looking outside the box. Ministers get the construction industry back to work now. Ministers please ban lap dancing in the Dail and drinking alcohol during what was one of the country’s most important piece of legislation ever and focus on unemployment. 140,000 Irish families on the Housing list.140,000 Irish families chomping at the bit to spend huge sums of money doing up their new homes. Ministers can you see the big picture? House prices will continue to rise where there is no stock available.

  6. Ruth at 2:27 pm

    I agree that we need job creation outside Dublin. Beautiful houses currently selling outside Dublin for less than it would cost to build them while the traffic in Dublin has become a nightmare. And the oversupply of apartments in Dublin – who would want to buy an apartment and maybe end up in another Priory Hall ?! Too much fiddling with the property market by successive governments and not enough responsible supervision.

  7. evan at 2:18 pm

    all I want is a 2 bed 2 bath townhouse at a reasonable price within a 2/3 mile radius of town..this type of property is difficult to come by…sick of apt living..somebody pls build nice townhouses for a nice price!

  8. geraldine at 2:12 pm

    At the moment, there is oversupply of apartments in Dublin and undersupply of 3-4 beds. Larger properties are in demand right now because they have become more affordable but when prices rise again, demand could shift back to affordable apartments. Its also a lot to do with our cultural mindset…we still prefer to have a 3 bed house with private garden. While in other European cities families are quite happy to live in a 3 bed, well-bulit apartment with communal garden. The last question is too generic…there is huge variation in prices around Dublin, so what makes a fair price totally depends on the area!

  9. Iain at 1:58 pm

    House prices in Dublin are false. There are too many houses that have been repossessed and are not on the market. Also, in Tallaght where I’m from there are 100’s of apartments and other developments lying idle because of NAMA.. Basic supply and demand…

  10. Colm at 1:55 pm

    If the government encouraged companies to set up OUTSIDE Dublin then perhaps we wouldn’t need to build more houses in Dublin while knocking thousands around the rest of the country.

  11. jean at 1:38 pm

    Jobs are needed outside Dublin where there are plenty of lovely homes. Dublin is already overcrowded and overbuilt and traffic moves at a snails pace …..
    Other major cities and towns need job creation to bring people to live and work there.

  12. Paddy at 1:30 pm

    • Would you prefer a new home to a second hand house?

    Answer; Location, location, location is the first consideration but new is better than old when the new house is built with large rooms. high ceilings and windows, insulation, heat exchanger, a gouble garage, store room, a private sunny area to sit outdoors and to a design that blends in with existing Dublin streetscapes.

    • Is a new home worth spending that little bit extra on?

    Answer; a well designed and built new house is worth more than a similarly sized old house in the same location.

    • Would you ultimately consider the purchase of a new home more expensive when furnishing and decorating etc are taken into consideration?

    Answer; No, as most old houses currently offered for sale in Dublin are decrepit old dumps in need of total renovation.

    • Are new homes needed in the capital and its surrounding areas?

    Answer Yes, most old Dublin housing and some of the new junk should be demolished and replaced. But which Irish developer could be trusted to do a proper job? None that I can think of. No green field development is required, knock and replace all the crap first.

    • What price would you deem fair to pay for a new three bed semi-detached home in Dublin?

    Answer 2.5 to 3 times my salary.

  13. Andrew at 12:32 pm

    I took part in this survey so that someone could write an idiotic article about “survey reveals new housing need in capital”. Some people will never learn and want a return to a time when selling took no effort. Bob Geldof recently said that we have failed future generations; now we want to make sure by revisiting bad behaviour’s.

  14. Emma at 12:12 pm

    The price of houses in Dublin is climbing so high and so fast at the moment its like we’ve gone full circle. Something needs to be dont about the pricing before things get out of hand again. There is definitely a shortage of affordable 3 and 4 bed semi detached houses.

  15. Stephen at 12:02 pm

    “What price would you deem fair to pay for a new three bed semi-detached ome in Dublin”

    Because all areas in Dublin are created equal…

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