Un nuovo appartamento in affitto a Vienna per € 681 al mese. Perché è più del doppio a Dublino?

This is amazing and Dublin is a fucking shitshow. But it is also worth nothing that Vienna is the absolute Gold Standard for this. We 100% should be trying to get to that standard, but they’re miles ahead of everyone, not just us.

The cost of building a 2 bed apartment in Dublin is €450k

From what I recall, Vienna did a massive house/apartment buy back scheme and dropped rent prices, the city government is it’s largest landlord by a large margin. But you know, the free market is gotta free market

Ask the government!

What’s the demand for the flat in Vienna? Who gets it and who doesn’t get it?
If I rent a flat in Chelsea to my nephew for 500 pounds a month, rather than  5000 a month to a stranger who offers that amount , does that mean the rental price is 500 or 5000?

Not enough detail to compare. I know of some in dublin renting from the Local Authority for 300 a month. 

Within the private market developers are hungry fuckers. They have no interest in mass producing apartments and making the same money per unit. They are happy building a few and charging 400k per apartment.

Neoliberalism, Rent seeking and a heroic dose of corruption.

There’s a big difference in the apartment building in Vienna and Dublin. Schemes here are required to have car parking and green space around the block, on top of some random onerous building height restrictions. In Vienna they don’t have these same restrictions. Vienna apartment are allowed to be ~25% smaller than those in Dublin too.

Renting unfurnished would be a step in the right direction to bring down costs. As well as reducing planning and delays on building. If a council zones an area suitable for apartments, it shouldn’t be taking years for apartments to be granted permission to be built there.

I think in some developments they ask you to chip in to the apartment too. Like 10%. Of course you get a share of that back if you move on, and the next person in chips in their share to replace you.

You don’t accrue any property ownership rights on the back of it. Which if you are getting a long feeling in your stomach will tell you what part of our problem is here in Ireland. Your immediate thought is “Well if I had 10% I wouldn’t be looking to rent would I”. We all want in on the gravy train of buy at X and see the price go up so we can refinance and get a BBQ area out the back of the gaff. We all want the local councilor to pull a few strokes so we can build on cheap land in the countryside and get everyone else to chip in and pay for the services of our one-off house over the lifecycle of the house (roads, schools, hospital, fire, water, electricity infrastructure at tens and tens of multiples of the cost per unit which otherwise applies)

In Vienna you can conceivably have a brain surgeon living next door to a school cleaner. It’s not a cookie cutter socialist type gig or anything, it’s just that these people are more “tenure blind” than us here in Ireland. In Ireland we rank tenures from “Social housing scum” all the way to “I own my own gaff”. That is a major, major part of our problem here too.

Vienna is also basically bankrupt. They as a city have debts of over €11 billion. It’s slightly different in fairness as they clearly have a municipal bonds and municipal debt system that we don’t really have in Ireland. But the point is the same, they have A lot of these apartments but they are also subsidise them to a huge extent

One thing to note is that Vienna’s population peaked before the First World War and continued to decline for most of the 20th century, a situation which is not comparable to most cities with rising and expensive rents …

I lived in Vienna for 2 years as freelancer. You can book these apartments online and book for 1-12 months at a time. Awesome service. There are so many of these apartments.

Just remember housing is controlled my the banks. Housing will never go down as banks will lose money.