Dublin property prices falling by €4,500 a month

[blindjustice]

http://www.thepropertypin.com/viewtopic.php?t=3474


Sunday newspapers!

[feargach]

So what'll the political fallout of this be, I wonder?

[Corroboration]

Aertel page 130: Alan Greenspan predicts double digit interest rates in the coming years.

[Akrasia]

I've just been looking through the latest census figures for county clare.

In the 4 years from 2002 to 2006, there were 7970.
4391 of these were additional permanent stock, and of these new houses, 2879 were vacant at the time of the census.

That is a massive 40% of the new housing developments in Clare that are vacant

In most of Clare, the number of unoccupied houses are equivilent to about 25%-33% of the total occupied housing stock. These are parts of the county that have no significant holiday accommodation.


Along the coast, this figure is much worse, ranging from 50% unoccupied, all the way up to 186%.

The housing crash will hit Clare very badly. There is no way these figures are sustainable.

[JCSkinner]

Forgive my ignorance, Akrasia, but how can 186% of houses anywhere be vacant? Did you mean 86%? (Which is still astonishingly high, needless to say.)

[Akrasia]

for every 100 houses, there are 186 empty houses. those figures are as a proportion of total occupied houses in each electoral district.

The figures from 50% to 186% are all on the coast and many of them are likely to be holiday homes built under special tax exemption schemes, but even still, villages and towns that have more than 3/4 of their housing stock lying empty for most of the year is very bad planning, environmentally, socially and economically.

For the rest of the county, the most highly populated areas all have vacancy rates of between a quarter and a third, and as I already said, none of these will be seasonal or tourist accommodation.

[JCSkinner]

for every 100 houses, there are 186 empty houses. those figures are as a proportion of total occupied houses in each electoral district.

The figures from 50% to 186% are all on the coast and many of them are likely to be holiday homes built under special tax exemption schemes, but even still, villages and towns that have more than 3/4 of their housing stock lying empty for most of the year is very bad planning, environmentally, socially and economically.

For the rest of the county, the most highly populated areas all have vacancy rates of between a quarter and a third, and as I already said, none of these will be seasonal or tourist accommodation.

So the actual vacancy rate is 186*100/286 % In other words, 65%. Nowhere near 86%, never mind 186%. But still worryingly high.

[freedomlover]

for every 100 houses, there are 186 empty houses. those figures are as a proportion of total occupied houses in each electoral district.

The figures from 50% to 186% are all on the coast and many of them are likely to be holiday homes built under special tax exemption schemes, but even still, villages and towns that have more than 3/4 of their housing stock lying empty for most of the year is very bad planning, environmentally, socially and economically.

For the rest of the county, the most highly populated areas all have vacancy rates of between a quarter and a third, and as I already said, none of these will be seasonal or tourist accommodation.

Could you please provide a link to your source for these claims? The 2006 census (link below) gives a vacancy rate for County Clare of 20.1%, which reduces to 12.5% when unoccupied holiday homes are excluded. The 2006 census also gives a vacancy rate for Ireland as a whole of 15.0%, which reduces to 12.0% when unoccupied holiday homes are excluded. A report in FinFacts earlier this week gave an average vacancy rate of 18.0% for the EU, significantly higher than that for Ireland.

http://beyond2020.cso.ie/Census/TableVi ... ortId=7308

[Twin Towers]

I've just been looking through the latest census figures for county clare.

Latest census figures

[ergo]

Can we rely on the Census figures for empty houses.

Many people work away from home and may not have been at home when enumerators called, or even when they called back.

Nowadays neighbours may neither be willing nor able to volunteer information to callers