Can vacant above the shop units be converted into housing?

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 61%

Property Property Headlines News

There's a lot of potential in renovating vacant above the shop units, but turning them into housing can be expensive, risky and slow

Analysis: There's a lot of potential in renovating vacant above the shop units, but turning them into housing can be expensive, risky and slowIreland's housing crisis is well established, and we often hear that renovating vacant properties could easily create more than enough homes for everyone in need.

Above the shop units are a common type of vacancy across Ireland, but also bring a unique set of complications and challenges. First, it is harder to identify them. While there are different measures and data dedicated to vacancy, above the shop units could be classified as either residential or commercial and might not be included in vacancy data if, for instance, the ground floor of the building is occupied.

From RTÉ Radio 1's Morning Ireland, house prices in number of traditionally lower-priced counties soar above the national average We need your consent to load this rte-player contentWe use rte-player to manage extra content that can set cookies on your device and collect data about your activity. Please review their details and accept them to load the content.Manage Preferences

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Call for more supports to redevelop units above shops into homesSimon charity and DCU report says properties above shops could help tackle housing crisis and revitalise urban locations
Source: IrishTimes - 🏆 3. / 98 Read more »