I think when you match the figures of what size of mortgage loans first time buyers are getting with the above you can read a pattern.
This pattern is backed up by a bank report i read before (I will link that when I get a chance) and basically first time buyers dont want apartments, they want houses and they are mostly buying houses. Look at the consistency in the amount of detached houses built year after year in the above graph.
I think the speculators bought a lot of duds.
duds = apartments.
Oh oh can we have that in the glossary TUG
The above quote is from this thread thepropertypin.com/forum/viewtop … highlight=
about this article
esri.ie/irish_economy/perman … report.pdf
Now posters who were on that thread can you tell me if I am going crazy or not but did they alter their report to leave out information. Information like what we discussed !!!
The glossary is in open development and therefore anyone can contribute.
Personally, I’d rather not say all apartments are shit because they’re not, I’ve seen some decent developments. Personally, I think the madness is when people convince themselves a mid-terrace house is better than an apartment just because it has the magic word “house” attached.
There’s some serious issues with all these terraced developments that have gone up in suburbia and commuterville.
I mean if you can’t get access to the garden without going through the house, that’s just not good.
No access to the garden is definitely not good, especially if you own mud loving dogs. But not all terraces are in new developments. Many terraces built 120-40 years ago were well built and more spacious than many modern detached houses. It might be a pain to keep your bin out front but you have your own front door, no management charges, nobody under or below you and you generally own the freehold.
Totally and maybe I should have specified, new-build.
What I also love is how the lingo has now changed to calling mid-terrace, “townhouse”…
What if said “Townhouse” is actually in the city centre.
A small terraced house (about 500-700sq ft ish) in Ireland has historically been called a 2 up 2 down or else a “Housheen” , I’ll stick to “Housheen” ta v much can you glossary that pls
I would have thought a townhouse was a semi or mid terrace or non detached house with no front garden, replaced by parking to the door.
sometimes no back garden either
Then 9 times out of 10 it will be pre-faced with the word “Georgian”
When I was looking for a house I would never include the term townhouse in my searches. To my mind a townhouse is a house shaped duplex on top of an apartment, like this: myhome.ie/search/property.as … earchlist=
And they are rarely freehold. I can never understand how so many people feel so strongly about owning, often for emotional rather than logical reasons, yet they are happy enough to buy leasehold.
Those Georgian Townhouses are not freehold properties btw they were built on 999 year leases - almost all of the inner city (between the canals) in Dublin is leasehold. As are most of the more desirable areas of London.
A huge amount of property in London is leasehold. Even just ordinary streets and terraces.
so in the country its a country house…not great for the mental images of having arrived, kinda destroys the importance of being earnest, not much fun bumberrying around a 2 up 2 down country house.
ex tenement quaint arisans cottage
ex council house - established communnity
duplex - apartment thingy
townhouse - apartment thingy.
terrace - two story apartment thingy…
do they pass muster for the dictionry?
Well if investors have bought duds then things in Castleknock are bad getting worse
67% of properties built during 2008 in Dublin were apartments
www.environ.ie/en/Publications/Statisti … 957,en.pdf
page 16 of the report
Interesting report. And in 2012? What is the percentage?
These reports only go up to 2008
Unfortunately those Annual Housing Market statistic reports seem to have stopped in 2008, well I cant find them on their website anyway
This is the kind of data still available however:
environ.ie/housing/statistic … statistics