You may want to take a deep breath and take another look. The likelihood is that the prices on offer for AH are WORSE than those available on the open market.i was just about to apply for them on the ah scheme with cork coco!!!!so i am one person who def wants one of them!!!im not in a position to buy on open market..ah is my only hope!....application is ready to go
The affordable houses scheme operated through the council giving the developer lists of people eligible to buy an affordable house in that area.
However, if the first two people on the list rejected the house or apartment, the council was obliged to buy it from the developer at the agreed discounted price. The obligation then fell on the council to find a buyer.
The agreed price of the affordable house was generally set several months, and occasionally more than a year before the development was put on the market.
In 2008 the open market price of a development began to fall to where it was just nominally above the affordable house price. Buyers of affordable houses must pay a clawback to the council of the percentage of discount they received if they sell their house within 20 years. When the gap between the affordable house price and the open market price began to narrow, the prospect of being tied into a deal with the council for 20 years became less attractive.
However, when market prices began to dip below affordable prices, sales dried up altogether.
Seriously, did you not read any of the linked articles?LadyGaga, can you see the house you were looking at on Daft?
http://www.daft.ie/searchsale.daft?search=1&s[agent_id]=7689&s[p]=qppssrqq
It is very cheeky of them to offer these houses on the open market before offering them to people who have been waiting on the affordable housing list for so long.
i know and thank u for your reply...but for someone like me the ah scheme is the only possible way i can buy a house with my salary and personal circumstances...its depressing and frustrating and cant see any other options
Seriously, did you not read any of the linked articles?
The Council is in the current position because all these properties have been refused by people on the list. Twice.
And LadyGaga, I'm incredulous that you can think that this is your only option. That buying a property at a HIGHER price than the same property on the open market is your best route onto the property ladder. I can only imagine you are using the same logic as those who remortgaged with sub-prime lenders at rates far above market rates simply because other banks wouldn't facilitate them.
Howitzer, you have no idea what you are on about. I take it you are not on the affordable list yourself. These houses were NOT offered to us applicants, we actually expressed interest in some properties to no avail.
You seem obnoxious in your response. It is very important to some people to get a house for their family not just focusing on the resell price.
Step outside your bubble.
These houses were NOT offered to us applicants, we actually expressed interest in some properties to no avail.
It is possible that your salary was too low to get an offer. many of the more desirable properties would only have been offered to those earning over €45,000. quite ironic when you consider that the Affordable Housing Scheme was originally intended for those on low incomes. e.g. two beds in Maryborough Ridge are now on offer at the reduced price of €230K. I assume that the Affordable price was higher. And once again please note that since 2008 the Affordable price with all the conditions was in most cases higher than the open market price available from developers in the same estate.
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