4 ms·
> There's no restrictions on height nor density in the Docklands area of Dublin That's a tiny area compared to the demand for housing. > your denser/higher su
by throwaway32111 8y ago
> There's no restrictions on height nor density in the Docklands area of Dublin
That's a tiny area compared to the demand for housing.
> your denser/higher suggestion is being done and is having no affect
Nonsense. Dublin has a very low density compared to any other European city. It's almost rural.
> Dublin has an estimated 40000 vacant residential units
...which is clearly not enough to lower rents given the 1347359 inhabitants in the metro area.
> The primary reason for this is that rent prices are not demand-based as much property is financialised—rent isn't a driver for owners, and there are little to no penalties for lack of tenancy, as other cities have.
True. But investors cannot buy unlimited amounts of property. Increasing supply of cheap and good quality (for a change) apartments would obviously help.
- iguy 8y agoIf 40000 is accurate, that's a vacancy rate of 3%. Which sounds pretty low to me. That's one month every 3 years.
- CydeWeys 8y agoYeah, that's definitely below average, meaning that the housing supply is seriously constrained.
- deleted 8y ago[deleted]
- lucideer 8y agoNot sure what metric you're using to come up with 3%? Vacancy rate in the state is 12%, or 9% excluding holiday homes (not sure what the figures are for Dublin, but they're way above 3%).
- iguy 8y agoSomeone was quoting 40000 but I don't know the source. A 9% vacancy rate indeed sound very high, especially for a hot market... wait does "state" here mean the entire country? So that may include a lot of dying villages where nobody wants to live? Would be interesting to see accurate numbers of Dublin.
- lucideer 8y agoState is country, so Dublin would be quite different yes (though still unlikely to be too many points off). 40,000 was my figure, but the population isn't that high; 40,000 is a lot more than 3%—back of a napkin math would put it closer to the 12% gross mark, but I'm pretty sure there are real figures available as that figure came from AIRO who analyse/republish CSO[0] data [0] https://cso.ie/ https://cso.ie/
- iguy 8y agoOK, thanks... probably I just added noise on this thread! Did not get to digging through CSO data... but probably a better idea than googling & finding only people counting advertised apartments as a measure.
- michaelt 8y agoYou're assume the 1.3 million inhabitants all live alone, which doesn't sound likely to me.