Look at the reflection in the ground floor window in picture three. ( I’m assuming its a reflection. It could possibly be a couple of very small builders looking out the window at an agent taking a photograph of the house they’ve just built. )
I said before that all the builders in this country seem to be ex brickies or politicians. This rubbish proves my point. How thick do you have to be to try this rubbish. The muppet builders doing this have to be the Irish Times Thick Bastard of the Year or Irish Times Complete Nutter of the Year. Either way I’d love to meet them in the pub for a few. think of the laugh you’d have talking to someone like this with them explaining their rational for this decision. Maybe TUG or OW can invite them onto the pin for Questions and Answer session. Pretend we are a forum of people who are partail to short term renting.
Its a pity we couldn’t organise building homes like these in locations where the need was greatest. Utilising the labour and materials needed to construct these houses in Mayo rather than in the greater Dublin region, was due to, in no small part, a planning system the Oompa Loompas would be ashamed of.
I’ve seen this before and aparently it’s legit for a developer to rent out properties he has built and sell them at a later date as new with full stamp duty exemption. I don’t have the source as it arose in an AAM thread relating to a development in either Malahide or Smithfield, can’t remember. The rational was lost on me but it’s to do with the property being bought and sold, rather than simply rented, that loses the stamp duty exemption.
Developers can pretty much do anything they want with houses, or entire developements, as long as they hold an interest in it. Kinda like their own personal fiefedom. And damn right too! I for one welcome our new Overlords.
Clearly what’s needed for each house to be ‘developed’ and owned by a seperate company (‘developed’ by outsourcing the work to the real development company), and instead of buying the house, buy the company.
Of course, you wouldn’t get owner occupier CGT exemption, but it would work for investors