MugsGame said:I've seen a few house splits around East Wall/North Strand.
extopia said:I suspect you're right. Why buy a granny flat when you can get a purpose built apartment, as opposed to a split suburban (or urban) building, with all the compromises that entails?
Look I am telling you a factor that I don't believe is being considered about the housing market. You want to talk about what happens in the US property market and how it will effect prices here. I want to talk about what is actually happening in the property market here. You want to ignore what I say fine but don't riddiule it becasue you don't know what is going to happen!!Duplex said:Loki I think that Mr Reality will have come knocking long before the great splitting phenomena takes a grip.
Duplex said:We have enough zoned land to accommodate over 300,000 new homes in Ireland, more than enough to accommodate low cost immigrants who will come to work here and rent accommodation from us. Lets hope some savvy businesses don’t figure that it might be cheaper to move the jobs to where these people come from
Loki said:I didn't suggest that. I said housing could keep rising due to the housing stock changing. I also suggested that you can reduce your liability when buying for investemnt if you consider the ability to add value. The figure you used are on the small scale if the margins get bigger people will do it. investors may do it to increase reantal yield.
You seem to be missing what I am saying about supply and demand. THere is enough room in Donegal to provding housing for all those who want a house. Why does that not matter? Becasue it is Donegal and people want to live close to work and services. The supply of houses in Dublin and other centres of work is limited. I believe a bigger price differential will happen between Dublin and the rest of the country . That actually makes it more likely that people will live in smaller (maybe converted) property due to high costs. London is a prime example of what could happen, low amount of purpose built high density housing in victorian times. THe victorian housing was converted when higher density was needed. ROme, New York and Paris already had a huge stock of high density housing from the start so it didn't do the same. Ireland had a housing boom in the 70s and 80s but it is low density. I think it makes logical sense to see these houses being changed. I am seeing it happen with the bigger older houses (40s,50s) a lot quicker than before and being done by developers straight after purcahse.
It is a factor some people ignore when mentioned and others choose not to beleive as possible. Fine if you think it will have little impact but to deny it just means you made your opinion regardless of the facts.
extopia said:Again - there is no need to buy half a house when you can buy an apartment. I don't see any advantage whatsoever. Apartments are being built in EVERY area of Dublin (and most smaller towns too).
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?