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If 40000 is accurate, that's a vacancy rate of 3%. Which sounds pretty low to me. That's one month every 3 years.
by iguy 8y ago
If 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.