Does apartment living stack up?
Dublin's planners are approving thousands of new apartments in the capital. But are first time buyers prepared to embrace high-density living, and more importantly, can they afford the prices developers are set to charge?
Sean Murphy is a mortgage broker. He spends a lot of his working day talking to first-time buyers. But before he gets stuck into discussing the paperwork with wannabe homeowners, he likes to ask them a simple question.
“What’s the plan? That’s the first question I have for them. And right now, people are telling me: ‘I want a dog, I want a garden and I want to get out of here’,” Murphy said....
Subscribe from just €1 for the first month!
What's Included
With any subscription you will have access to
-
Unlimited multi-device access to our iPad, iPhone and Android Apps
-
Unlimited access to our eReader library
-
Exclusive daily insight and opinion seven days a week
-
Create alerts to never miss a subject that matters to you
-
Get access to exclusive offers for subscribers on gifts and experiences
-
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Related Stories
Michael Brennan: First-time buyers' frustrations set to continue for some time yet
The Minister for Housing and his officials are working on changes to the planning regulations that could ringfence more than 50 per cent of the units in new developments for private buyers, but there are many obstacles to be negotiated
Housing crisis is coming home to roost for the government parties
Last week’s debacle – where almost an entire housing estate intended for first-time buyers was snapped up by an investment firm – could spark a disaster for the parties who maintain the status quo
Michael Brennan: A plague on both your houses: Mullen Park is a warning to FF and FG
The government parties’ failure to solve the housing crisis could cost them dearly in the next general election
Aidan Regan: How to stop the rot? Don’t treat housing as a financial asset
The cynical use of the Irish housing market to bolster the profits of global corporate empires is what has us in this bind. But we can get out of it if the state plays the same game, with a different aim
