badabing said:Has anyone else noticed this lately, especially around Dublin in the last couple of months. Heard foreigners are contributing to the ftb market and driving ftb prices crazy. An extra 100k for a suburban semi or 2 bed in only 1 year....wow...
Was told by local EA that foreigners are in fact buying substantially in my area (d15). Have 1st hand evidence of it, doubt its a huge factor tho (Remember there are now alot of highly skilled and paid foreigners coming into the country also as we are experiencing an economic boom). I believe the balance of blame lies with the government in rising the sd threshold for ftb's to 317k....talk about a completely counterproductive measure...X-Man said:from the dundalk area which is absolutley booming there are alot of "foreigners" and i can tell you that 95% of them are renting and not buying.they are working and supporting families back in their native country.i doubt it is such people whom are buying
badabing said:Was told by local EA that foreigners are in fact buying substantially in my area (d15). Have 1st hand evidence of it, doubt its a huge factor tho (Remember there are now alot of highly skilled and paid foreigners coming into the country also as we are experiencing an economic boom). I believe the balance of blame lies with the government in rising the sd threshold for ftb's to 317k....talk about a completely counterproductive measure...
BTW Contrary to popular opinion I believe we are still in a situation of gross housing undersupply...again government to blame...
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