Brendan Burgess
Founder
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Unfortunately there are 200,000 - 300,000 empties/half finished.
I calculate the long term sustainable annual requirement for new house building at 11,000pa based on these figures.
2010 will be the first year for about a decade that Ireland does not overbuild, albeit the excess of demand over supply will be about 1000.
Unfortunately there are 200,000 - 300,000 empties/half finished.
Press statement from the IBF
Over 12,000 mortgages drawn down during the second quarter of 2009
- Q2 shows seasonal pick-up over Q1
- First-time buyers account for 1 in 4 of all new mortgages
- Home purchaser segments increase market share
Census of 2006. The figure was 300K then and does not include holiday homes or other temporarily vacant properties. Explanation from various vested interests at the time was that all these properties were rented and the tenants were hiding behind the couch.I have heard figures in the 100,000-200,000 range mentioned before and I too wonder where this estimate comes from.
What I find remarkable about these figures is that this huge fall is from 2008. Argueably the market had already crashed by then - how were so many people taking out mrtgages and why were the financial institues faciltating them? It seems our banking sector was living in dream land right until the moment Lehman went bust and the Govt gave the banking guarantee.Press statement from the IBF
Census of 2006. The figure was 300K then and does not include holiday homes or other temporarily vacant properties. Explanation from various vested interests at the time was that all these properties were rented and the tenants were hiding behind the couch.
Are you seeing any discernable upturn in business or just tyre kickers?There's always a bounce in mortgages drawn in Q2, nothing happens January to March..we're all doomed
If Q3 is up on Q2 well then it's time to dance in the streets..
That's be 215,000 - 174,000 houses and 41,000 apartments.I found this and on the night of the census there were 174,000 unoccupied houses and 49,000 flats.
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From looking at the survey methodology it seems that the 29,000 temporarily vacant were people in another house. So 174,000 homes with no-one home on a Sunday night is a far cry from 300,000 un-sold properties.
Maybe I'm wrong, but it is interesting seeing as the AIB chief came out last week saying 16,000 apartments are empty.
What I find remarkable about these figures is that this huge fall is from 2008.
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