mr_anderson wrote:
If 10,000 new units were built in the city centre, you'd see prices & rents shoot down.
20,000 would probably collapse the market..
From looking at strategic infrastructure permissions.
1. None are city centre but a goodly number are M50 area.
2. Many are out in the Pale not in Dublin.
3. They are not adding significant supply in Dublin and such an effect is at least a year away (if ever).
I entirely agree with the comment on 20,000 in the centre and their possible effect on the market overall. I think the constraint is REITS who don't want to destroy their fat rental cash cows in the centre.