We'd need to allow in the figures for those properties which continue to be lived in full time by a partner or other family.showed that 81% of over 65s were owner-occupiers without a mortgage. Not all use the Fair Deal of course. So maybe assume 20k dwellings in the Fair Deal scheme at any point.
There were proposals from Jim Daly back in 2019 to change the rules and allow houses to be sold and ring fence the sale proceeds from fair deal. I didn't follow it so not sure why it didn't get implemented (or if part if it did) but they had estimated that there were potentially over 4,000 homes in high demand areas.So could a change to the Fair Deal rules bring more houses into occupancy? Yes. Is the effect likely to be large? Not clear.
Sounds plausible, yes. But as I said I'm not convinced that the financials are always the constraint. Many families I know are kind of sentimental and reluctant to clear out and sell a relative's house until they are deceased. From what I can tell Daly's Bill got stuck in the Oireachtas and the 2009 Act is still law.they had estimated that there were potentially over 4,000 homes in high demand areas.
In the scheme of roughly 2m dwellings not so much. Annual demand for new housing estimated at anything from 30k to 50k.6k properties on the rental market would have a significant impact.
Support probably dried up once the farmers were sorted!From what I can tell Daly's Bill got stuck in the Oireachtas and the 2009 Act is still law.
Not a huge amount, no. There are approx 2m dwellings and 300k private tenancies.And you think adding 6k rental properties wouldn't make much difference to the rental market
Yes but they wouldn't appear on daft on Monday morning in one go.I disagree; if you were looking to rent right now, a tripling of the available properties would be huge.