Except that's just not the case, because developers have turned their back on apartments because nobody (outside of AHBs) will buy them. "Increase profits" on something they won't build...eh what?!
Where did this idea that developers are all crafty come from exactly? They simply react to regulations and look to see if there will be a viable product at the end. They aren't morons so will take the highest profit they can but they simply can't make a profit here so won't build.
The "making them more attractive" has not worked. It's a complete failure in fact. In the post crash world the tinkerers got their hands on the regulations and went ott.
Simple reality is that the country has more than enough 3 bedroom houses (and overall bedroom capacity) to accommodate our needs and we need studios and one beds to beat the band.
Now what concerns me is that this won't be enough, because borrowing rules are so tight on single people looking to buy one beds. I do wonder if the Help to Buy scheme (and also the 10% equity rule for first time buyers) can be repeat used if it was first used for a studio or a one bed. If there were 20,000 a year of new studio and one beds in Dublin for sale on €350k-€400k I think we would be going a long way to solving the issues we have.
We can deal with this fantastical "European 3 bedroom apartments with loads of storage space" in a few years once we make a dent in the core problem.
Where did this idea that developers are all crafty come from exactly? They simply react to regulations and look to see if there will be a viable product at the end. They aren't morons so will take the highest profit they can but they simply can't make a profit here so won't build.
The "making them more attractive" has not worked. It's a complete failure in fact. In the post crash world the tinkerers got their hands on the regulations and went ott.
Simple reality is that the country has more than enough 3 bedroom houses (and overall bedroom capacity) to accommodate our needs and we need studios and one beds to beat the band.
Now what concerns me is that this won't be enough, because borrowing rules are so tight on single people looking to buy one beds. I do wonder if the Help to Buy scheme (and also the 10% equity rule for first time buyers) can be repeat used if it was first used for a studio or a one bed. If there were 20,000 a year of new studio and one beds in Dublin for sale on €350k-€400k I think we would be going a long way to solving the issues we have.
We can deal with this fantastical "European 3 bedroom apartments with loads of storage space" in a few years once we make a dent in the core problem.