Home sweet home.

offaly
There are 8,000 homeless people in Ireland (of which almost 3,000 are children).

78 families became homeless in Dublin in June 2017.

800 people aged between 18 and 24 are homeless.

Almost 50% of homeless people in Ireland are under the age of 24.

On 1 August 2017 there were 2,930 properties available for rent in all of Ireland.

The number of available rental properties in Ireland on 1 August 2017 is the lowest number in recorded history.

In the first nine months of 2016 county councils built 161 social housing units.

There were 7,600 people with disabilities on social housing waiting lists in August 2017.

Rental prices in Dublin increased by 12.3% in the first six months of 2017 to an average of €1,707 per property per month.

On January 1, 2017 the minimum wage in Ireland was raised from €9.15 per hour to €9.25 per hour. On January 1, 2018 the minimum wage will increase to €9.55 per hour.

It is estimated that 10% of the workforce (155,000 people) earns the minimum wage.

The National Asset Management Agency is a bad bank created by the government in 2009 in response to the property bubble to acquire bad loans from banks. The paper value of these loans was €77billion. The assets on which these loans were taken out had a paper value of €88 billion. After the crash the real value of the assets was about half of the paper value. If the banks declared this on their books they would be required to fold.

NAMA engages in selling these loans to vulture funds on the ‘nation’s behalf’. The assets relating to these loans are often apartment buildings with residents living there.

Ireland has among the weakest tenancy rights in Europe relating to security of tenure. It is illegal to arbitrarily increase rent by more than 4% a year. Unless you are planning to ‘sell’ or ‘implement major refurbishment’ which allows you to evict the current tenants.  When you rent the property out again a landlord / vulture fund can charge full market rate. This is happening a lot.

There is overwhelming pent up demand for housing.

On 1 August 2017 there were 2,930 properties available for rent in Ireland.

The number of available rental properties in Ireland on 1 August 2017 is the lowest number in recorded history.

On 31st August 2017 Stephen Watson died sleeping rough in a shop doorway at 4am on Suffolk Street, Dublin.

On 31st August 2017,  a 26 year old homeless mother of two died in emergency hotel accommodation in Kildare in which she was living with her two young children. Her name has not yet been released.

On 31st August 2017, Ireland’s Taoiseach/PM Leo Varadkar tweeted about where he had been when Princess Diana died twenty years earlier.

 

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