Ciarán Connolly AS A COUPLE attempting to buy our first home in Dublin, I find it astonishing to witness at first-hand the level of demand and the resulting race to secure a property.
Initially, our budget was €380k-€400k but since we can’t seem to secure a home within that price range, and we also pay big creche fees, we have had to move in with my wife’s parents to try to save more money. Like us, most of our friends are caught up in bidding wars. One couple we know had to borrow from family at the last minute, to pull together an extra €10k on top of their massive mortgage to secure a home.
Cairn sold a block of 120 apartments in Hanover Quay to a single landlord last year and they have also received planning permission for 377 dwellings on Griffith Avenue, 107 dwellings in Rathgar and 221 dwellings in Blackrock, all for the purpose of sale to a single landlord to rent them out. It is often suggested that these professional landlords will be better for renters, offering a more stable rental service than the smaller landlords we are familiar with in Ireland. But if you take a look at what is happening in Berlin, it is the biggest commercial landlord company that stands accused of driving up rents and property prices there.
yes but you are referring to the federal republic of germany not the Banana republic of Ireland so dont exspect to see the housing crisis fixed to many civil servants TDs and Senators are landlords all enjoying the gravy train.