This was flagged a few weeks ago, there was a business post article on here where the industry stated that zero privately funded apartment blocks started construction last year.
It just seems the Irish apartment market isn’t very attractive to investors anymore.
pauldavis1234 on
You just cannot sell them for a profit.
Land, labour and bureaucracy are all sky-high
Wages are stagnant due to immigration.
BobbyKonker on
“*It’s the law and there’s nothing we can do*” – Irish Lawmakers
f-ingsteveglansberg on
Apartment block with solid walls, decent heating, a shared communal space like a gym, laundry or pool for residents.
Irish people don’t like apartments because what is available is always a race to the bottom. Cramped rooms, paper thin walls, kitchen dining area and living area all on top of each other and often not fire code friendly.
Bosco_is_a_prick on
So it turns out a building cost of €400,000+ for a 2 bed apartment is unsustainable. It seems that the only people surprised by this is the government and they don’t seem to be doing anything about it.
Justa_Schmuck on
The article only talks about the number of applications granted, has the number of applications overall also reduced ?
keeko847 on
It would cost a fortune and it’s totally radical, but I would love to see the creation of a state building agency alongside a policy that the government would guarantee to buy property, developments and land at 10% below market value. Increase the state housing stock and developers/owners can shift property quickly rather than waiting for the right buyer, particularly derelict
PopplerJoe on
It’s very difficult to built apartments for a reasonable price, but it would be good if the government did more to help here than increasing the endless sprawl of housing estates.
Apartments are obviously more expensive to build than housing for many reasons, but they make far better use of the land and infrastructure, and they can be built much faster. *if done right*
Slow_Entrance1 on
Our government are usless. And they were voted back in.
9 commenti
This was flagged a few weeks ago, there was a business post article on here where the industry stated that zero privately funded apartment blocks started construction last year.
It just seems the Irish apartment market isn’t very attractive to investors anymore.
You just cannot sell them for a profit.
Land, labour and bureaucracy are all sky-high
Wages are stagnant due to immigration.
“*It’s the law and there’s nothing we can do*” – Irish Lawmakers
Apartment block with solid walls, decent heating, a shared communal space like a gym, laundry or pool for residents.
Irish people don’t like apartments because what is available is always a race to the bottom. Cramped rooms, paper thin walls, kitchen dining area and living area all on top of each other and often not fire code friendly.
So it turns out a building cost of €400,000+ for a 2 bed apartment is unsustainable. It seems that the only people surprised by this is the government and they don’t seem to be doing anything about it.
The article only talks about the number of applications granted, has the number of applications overall also reduced ?
It would cost a fortune and it’s totally radical, but I would love to see the creation of a state building agency alongside a policy that the government would guarantee to buy property, developments and land at 10% below market value. Increase the state housing stock and developers/owners can shift property quickly rather than waiting for the right buyer, particularly derelict
It’s very difficult to built apartments for a reasonable price, but it would be good if the government did more to help here than increasing the endless sprawl of housing estates.
Apartments are obviously more expensive to build than housing for many reasons, but they make far better use of the land and infrastructure, and they can be built much faster. *if done right*
Our government are usless. And they were voted back in.
Nothing will ever change here.