G
Gradboy
Guest
Fingal County Council are set to release over 200 units in Blanchardstown next Saturday to those people on their shared ownership-affordable housing scheme. The units are going for €106K for a one-bedroom apartment to €127K for a 3-bed house. While people on Fingal's affordable housing list will get the opportunity to purchase the houses first, I understand that part of the total development of 700+ units will be sold on the market.
I was wondering what people's thoughts were in relation to:
1) the desirability of the Mulhudart/Blanchardstown area.
2) the likely effect 700+ units coming onto the market will have on other starter schemes in the area that are currently selling far above this price.
3) whether it is wise, from a purely economic point of view, for a private individual to buy into these socially mixed schemes, i.e. will the property trade at a discount in the future?
4) whether it is likely that the introduction of such schemes coupled with the 20% social/affordable provision in new developments will force starter home prices down across the greater Dublin area.
gradboy
I was wondering what people's thoughts were in relation to:
1) the desirability of the Mulhudart/Blanchardstown area.
2) the likely effect 700+ units coming onto the market will have on other starter schemes in the area that are currently selling far above this price.
3) whether it is wise, from a purely economic point of view, for a private individual to buy into these socially mixed schemes, i.e. will the property trade at a discount in the future?
4) whether it is likely that the introduction of such schemes coupled with the 20% social/affordable provision in new developments will force starter home prices down across the greater Dublin area.
gradboy