While the Covid-19 crisis has undoubtedly caused a huge amount of human suffering and economic damage, it has brought some upsides too. Mel Reynolds speculates on how much land prices may fall, and what the positive and negative impacts may be.
The outgoing Fine Gael government devised an off balance sheet scheme to deliver social housing, but will it deliver value for money? Mel Reynolds crunches the numbers and finds the scheme may almost double the cost compared to a direct build – with no asset left once the lease ends.
The redevelopment of O’Devaney Gardens in Dublin City has grabbed headlines. Commentary has focused on the low levels of social housing proposed, high prices for private homes, and developer profit. But what is the cost to the state, asks Mel Reynolds, and is this sustainable?
Mark Twain popularised the saying “There are three kinds of lies: lies, damned lies and statistics”. Mel Reynolds explains why Department of Housing statistics on HAP may be grossly inflating the state’s impact on tackling the housing crisis.
Recent headlines suggest first time buyers are being pushed out of the housing market by ‘non-household’ buyers, so-called ‘cuckoo’ funds. Official figures suggest that private companies are not the only competition in the new homes market – there may be a ‘magpie’ out there also.
Why is it so difficult to get on the property ladder now compared to 20 years ago? After all, interest rates are lower and house prices are still below where they were in 2007. Architect Mel Reynolds runs through the figures.
There was much talk of jobless recovery as economies picked up after the last global recession. Mel Reynolds detects signs of an analogous proposition in the Irish property market: a housing boom that may be close to peaking without much in the way of housebuilding to report.
Housing pundit and architect Mel Reynolds argues that local authority action could be the key to solving the housing crisis.
Even the most cursory examination of the figures shows how little housing the state is building, writes architect Mel Reynolds.
Inertia with state-owned land is exacerbating Ireland’s housing crisis, argues housing commentator and architect Mel Reynolds, in spite of the state possessing enough zoned land to make a major dent in solving the problem.