There are many reasons why house sales are not at a level which they were in the past.
Many of these are financial but a knock-on effect of this is also a decline in available stock.
The latest figures from MyHome.ie have shown, for example, that residential for sale stock in Dublin has tumbled by more than a third in the past 12 months.
While the second quarter of the year saw things rebound slightly, it is still a major issue and has meant that many househunters are almost battling with each other on an ongoing basis for the likes of three and four bed homes.
This is a particular problem in parts of Dublin, with suitable family homes in key parts of the capital extremely hard to come by – at least at affordable prices anyway.
It is no surprise that Dublin is emerging from the housing slump first. That is not to say that a full recovery is in place, but a series of recent studies have shown an upward trend in sales and transaction values in the capital, as well as asking prices.
That has led to a few calls from people suggesting that new homes need to be built. Many people might baulk at that statement, fearing that we might have learnt nothing from the mistakes of the Celtic Tiger era.
However, in those years – in the capital especially – there was an abundance of apartments built that simply never caught people’s imagination.
What prospective buyers want now are family homes and there are a lack of these. So why not supply the demand and create much needed employment in the process?
With that in mind, we’d like to get your opinion on new homes...
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