Apartments

[Tyrannosaurus]

[Tyrannosaurus]

[Tyrannosaurus]

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

[Tyrannosaurus]

75% of FTBs purchase a dwelling between 100,000euros and 250,000euros.
It also says 39.9% of FTBs buy a 3 bed semi and 36.1% buy detached and that a very small % buy apartments (5.4%).

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_Unwelcome_Guest]

@Blindjustice BATONEFFECT

duds = apartments.

Oh oh can we have that in the glossary TUG

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.

[iguana]

@The Unwelcome Guest

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.

[The_Unwelcome_Guest]

@iguana

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”…

[SBB]

What if said “Townhouse” is actually in the city centre.

[2Pack]

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

[iguana]

@SBB

What if said “Townhouse” is actually in the city centre.

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.

[SBB]

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.

[iguana]

@SBB

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.

[baby_tooth]

@SBB

What if said “Townhouse” is actually in the city centre.

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.

[baby_tooth]

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?

[Open_Window]

Well if investors have bought duds then things in Castleknock are bad getting worse

thepropertypin.com/forum/vie … php?t=1830

[Tyrannosaurus]

67% of properties built during 2008 in Dublin were apartments
www.environ.ie/en/Publications/Statisti … 957,en.pdf
page 16 of the report

While 10% of the stock is currently made up of apartments, apartment
building has been a particular feature of recent completions. In fact apartment
building made up 25% of all housing units built in 2008 (and 67% in the
Dublin region). 41% of housing units built in 2008 were in estates (schemes),
and individual houses accounted for the remaining 34%

Also interesting:

The national housing stock is estimated to be 1.934 million units at end 2008. This
estimate combines the base number of dwellings surveyed for the Census of
Population 2006, (including both vacant and occupied dwellings), with the total
number of units completed since then to end December 2008. This represents about
437 units for every 1,000 persons, which brings the Irish per capita ratio broadly in
line with EU norms

• Over one third of the existing housing stock has been built in the past 10 years

[billsagerthon]

Interesting report. And in 2012? What is the percentage?

[Tyrannosaurus]

These reports only go up to 2008

[Tyrannosaurus]

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

i137.photobucket.com/albums/q225/thebatoneffect/Untitled_zpstqqlayoy.jpg

[Tyrannosaurus]

cso.ie/en/releasesandpublic … cp1hii/od/

Apartments, which have increased in number by 85 per cent since 2002, accounted for 12.0 per cent of all household types in 2016

Within the Dublin City local authority area, apartments (74,537) were the main household type for the first time, replacing terraced houses (74,446). The share of apartments in Dublin City was 35.2 per cent, up from 33.3 per cent recorded in 2011. However, this pales in comparison to the town of Clonee in County Meath where two out of every three households lived in apartments.

Despite the strong growth in recent years, apartments still lag behind the other types of housing. Detached houses account for four out of ten dwellings, while 28 per cent of households reside in semi-detached houses.

Almost ten per cent of population in homes with more persons than rooms

Census 2016 revealed that the average number of persons per household recorded an increase for the first time since 1966. In 2011 there were on average 2.73 persons per households. The equivalent figure stood at 2.75 in 2016.

As shown in Figure 2.5, couples (including married) with children accounted for 60 per cent of homes with more persons than rooms, followed by one parent mothers with children (8.2%). Two-thirds of these households were rented, while 23 per cent had an existing loan or mortgage. In terms of geographical location, 43 per cent were within the Dublin Region.

At the opposite end of the spectrum there were 729,012 homes where there were at least two rooms for every person, representing over 40 per cent of all households, with an average household size of 1.76.